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Monday, December 24, 2012

Wachovia REO Properties, Department

Wachovia REO Properties can be searched using the search tool available on the website reo.wachovia.com. You can also obtain the facility to get notified through email alerts immediately after a property matching your criteria is included in the database. However, you need to contact the agent dealing the property for completing the buying process. The phone number, address and other contact details of the realtor are given against each entry on the listing. The listings also contain brief property details including locations, offer prices, lot sizes and building specifications. Florida, California, Georgia, Colorado, NJ and NC are some of the states where Wachovia is currently offering REO properties for sale. If you are interested in availing the mortgage loan services of Wachovia in order to be able buy a foreclosed home, call 800-922-4684 to enquire about an available option.

Wachovia Foreclosures


Despite the fact that neither the borrower nor the bank wants to let the foreclosure happen on a property, it does happen, and brings troubles to both. The only bright side of the whole process is that investors and first homebuyers get opportunities to own residential properties at a less-than-market price. So most banks usually have loss mitigation department to contact troubled borrowers and save them from bankruptcy. There are broadly two kinds of homeowner assistance programs. One aims at helping borrowers retain homeownership while paying all outstanding dues whereas the other helps them dispose of the property and use the proceeds to clear off debts. Loan modification, repayment and refinance come under the first category of mortgage assistance plan and the second category offers solutions like deed in-lieu-of foreclosure and short sale. Here are the contact details of Wachovia Loss Mitigation Department for residents in North Carolina.

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