This doesn't make any sense to me.. Please Help - Short Sale Superstars2024-03-29T09:55:13Zhttp://shortsalesuperstars.com/forum/topics/this-doesnt-make-any-sense-to?groupUrl=bankofamericashortsales&commentId=3468065%3AComment%3A17737&x=1&feed=yes&xn_auth=noCport. I agree with Jeff that…tag:shortsalesuperstars.com,2010-03-01:3468065:Comment:177372010-03-01T19:08:32.646ZBryant Tutashttp://shortsalesuperstars.com/profile/bryanttutas
Cport. I agree with Jeff that you never should have been told this would happen in 3 months. BofA takes 6 months or more if you get lucky. Now they may improve with the new equator system but that is yet to be seen.<br />
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I have had two occasions where BofA was the lender on both sides of the transaction where we had appraisal issues. The new lender came in short (no pun intended) and the short sale lender cam in high. Both were BofA. In one case the short sale lender came down and in the second…
Cport. I agree with Jeff that you never should have been told this would happen in 3 months. BofA takes 6 months or more if you get lucky. Now they may improve with the new equator system but that is yet to be seen.<br />
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I have had two occasions where BofA was the lender on both sides of the transaction where we had appraisal issues. The new lender came in short (no pun intended) and the short sale lender cam in high. Both were BofA. In one case the short sale lender came down and in the second they did not. There is no reasoning.<br />
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I truly hope you end up with the property. LOL @ "short sale attorney".…tag:shortsalesuperstars.com,2010-03-01:3468065:Comment:177322010-03-01T18:29:08.697ZMori Langshaw Srhttp://shortsalesuperstars.com/profile/MoriLangshawSr278
LOL @ "short sale attorney". An experienced Realtor is FAR better than any short sale attorney based on pure knowledge. <i>Disclaimer: Consult your attorney for any legal matters or tax advisor for tax questions.</i> Anyway, it is VERY possible that the new loan purchase and short sale people have no idea whats going on. I would have the new loan people call on your behalf.
LOL @ "short sale attorney". An experienced Realtor is FAR better than any short sale attorney based on pure knowledge. <i>Disclaimer: Consult your attorney for any legal matters or tax advisor for tax questions.</i> Anyway, it is VERY possible that the new loan purchase and short sale people have no idea whats going on. I would have the new loan people call on your behalf. I apologize, that was wrong a…tag:shortsalesuperstars.com,2010-03-01:3468065:Comment:177302010-03-01T18:23:01.349ZJerri Schickhttp://shortsalesuperstars.com/profile/JerriSchick
I apologize, that was wrong advice. Since you are the buyer, you are dependent on the seller and their resources to get this moving. Hopefully, they know what they are doing and have the right resources in place to get it done. BOA is the worst at short sales. Have your Realtor talk to the seller's Realtor and see what they are doing.
I apologize, that was wrong advice. Since you are the buyer, you are dependent on the seller and their resources to get this moving. Hopefully, they know what they are doing and have the right resources in place to get it done. BOA is the worst at short sales. Have your Realtor talk to the seller's Realtor and see what they are doing. Hehe, yeah, I guess logical b…tag:shortsalesuperstars.com,2010-03-01:3468065:Comment:177272010-03-01T18:20:30.380ZCPorthttp://shortsalesuperstars.com/profile/CPort
Hehe, yeah, I guess logical business assumptions are out the window at this point.<br />
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<cite>Jerri Schick said:</cite><blockquote cite="http://www.shortsalesuperstars.com/forum/topics/this-doesnt-make-any-sense-to?groupUrl=bankofamericashortsales&commentId=3468065%3AComment%3A17723&xg_source=msg_com_forum#3468065Comment17723"><div>Get a short sale attorney involved. And you are assuming that the different departments actually talk to each other! Rest assured no one in the short sale dept…</div>
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Hehe, yeah, I guess logical business assumptions are out the window at this point.<br />
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<cite>Jerri Schick said:</cite><blockquote cite="http://www.shortsalesuperstars.com/forum/topics/this-doesnt-make-any-sense-to?groupUrl=bankofamericashortsales&commentId=3468065%3AComment%3A17723&xg_source=msg_com_forum#3468065Comment17723"><div>Get a short sale attorney involved. And you are assuming that the different departments actually talk to each other! Rest assured no one in the short sale dept has any clue about a new purchase on your part!</div>
</blockquote> You are involved in a typical…tag:shortsalesuperstars.com,2010-03-01:3468065:Comment:177252010-03-01T18:19:59.643ZJeff Paynehttp://shortsalesuperstars.com/profile/JeffPayne
You are involved in a typical Bank of America short sale, the first red flag is any saying that it will take 3 months when BofA is involved.<br />
Yes, it is possible that they will counter offer something different than what you offered, their value is based on an appraisal or BPO that is different than the one that you have. Remember that the short sale department does not check with the loan origination or loan underwriting departments.<br />
Your loan specialist is wrong, he/she can easily talk to…
You are involved in a typical Bank of America short sale, the first red flag is any saying that it will take 3 months when BofA is involved.<br />
Yes, it is possible that they will counter offer something different than what you offered, their value is based on an appraisal or BPO that is different than the one that you have. Remember that the short sale department does not check with the loan origination or loan underwriting departments.<br />
Your loan specialist is wrong, he/she can easily talk to their supervisor to escalate your file, we do this all the time with lenders and it works. Tell your loan specialist to call me if they have any questions.<br />
Jeff Payne Get a short sale attorney inv…tag:shortsalesuperstars.com,2010-03-01:3468065:Comment:177232010-03-01T18:17:37.799ZJerri Schickhttp://shortsalesuperstars.com/profile/JerriSchick
Get a short sale attorney involved. And you are assuming that the different departments actually talk to each other! Rest assured no one in the short sale dept has any clue about a new purchase on your part!
Get a short sale attorney involved. And you are assuming that the different departments actually talk to each other! Rest assured no one in the short sale dept has any clue about a new purchase on your part!