Bank of America
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Consistent with other large national mortgage servicers, Bank of America prohibits the purchase by associates of distressed assets, including REOs, short sales and foreclosures.
Under the bank’s policy, bank associates and members of their households may not purchase bank REOs, short sales and foreclosures. Members of the household include spouses, domestic partners, dependent children who live with the bank associate, or any other person who derives his or her primary means of financial support from the bank associate (household members).
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