Are you finding that Wells Fargo (now on Equator) is still generally faster than B or A for approvals? I have a first and a HELOC, both with Wells and haven't done a Wells SS in a while.
Also, is there a document that compares the various banks' short sale time frames? I have one that's a couple of years old.
Last one I did with Wells they assigned a rep to it and I got an email religiously on EVERY Tuesday insisting on my marketing updates. They periodically reduced the price until we got a Buyer and then were diligent about making sure the Buyer performed and it closed on time.
My volume is MUCH higher on B of A, (NOT by choice). Wells has been extremely more efficient that B of A in my book. But then I've heard Chase to be good too, which I would absolutely dispute.
Than you have your FHA and VA Loans too and your HELOC's.
Yes, HELL YES!
BofA is a bear to work with.
Had a lender that came in late on getting a loan funded in mid December, late by a day. I am still trying to get a new approval out of them.
The bad news is, the buyer has been waiting for 11 months and now the appraisal is about to expire.
BofA needs some legislative intervention!!!