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	<title>San Jose Real Estate * Santa Clara County * Richard Gonzalez  * Real Estate  Silicon Valley Broker Blog - News, Views, and Opinions &#187; Countrywide</title>
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		<title>Bank of America Short Sale Approval Tactics Worsening</title>
		<link>http://siliconvalleybrokerblog.com/2009/07/02/bank-of-america-short-sale-approval-tactics-worsening/</link>
		<comments>http://siliconvalleybrokerblog.com/2009/07/02/bank-of-america-short-sale-approval-tactics-worsening/#comments</comments>
		<pubDate>Fri, 03 Jul 2009 00:15:20 +0000</pubDate>
		<dc:creator>Richard Gonzalez</dc:creator>
				<category><![CDATA[Brokers Opinion]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Countrywide]]></category>
		<category><![CDATA[Promissory. Note]]></category>
		<category><![CDATA[Short Sale]]></category>

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		<description><![CDATA[Countrywide now Bank of America is now asking sellers to sign a 10% promissory note relative to the approved sales price and it appears to be getting worse before it gets better. For example if you are selling your property for $300,000 in a short sale you would have to sign a promissory note for $30,000 payable over 25 years at 0% interest.]]></description>
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