Hello All,

 

My client just called me, because she just received a Foreclosure Notice from an Attorney's office stating that they are going to foreclose on her home on March 2, 2010.

 

We have been in Short Sale He?? with BOA since September, 2009.  We were just assigned our 1st negotiator three weeks ago.  I spoke with the negotiator on last Wednesday and of course she informed me that she hasn't had a chance to review the file yet.  She asked me to call her back on this Tuesday.

 

I asked the negotiator if my sellers info. needed to be added to Equator and she said "no...because if the file is in Equator, then I wouldn't need her. 

 

Fast forward two days later and my client receives a Foreclosure Letter.

 

What do you do in this case?

 

I've worked on short sales with other banks where this has happened and I went directly to the Foreclosure Department to stop the Short Sale, but with BOA, I have no idea where to go?

 

Please, any advice would be of great help.

 

Thanks

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Replies to This Discussion

Melisa,

You’re going to need to send a copy of the borrower authorization to the trustee in advance of them speaking to you. Most of these guys need a minimum of 24 hours to image your fax and the borrowers authorization, most likely 2-days…

As for a BofA supervisor, send me a quick e-mail and I’ll forward you what I can.

Thanks,
Bill Schallmo
Firstteam Estates
[email protected]

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