Replies to This Discussion

Permalink Reply by Cheri Smith on April 29, 2010 at 8:25am

Do you think that's because CA is a non-judicial foreclosure state? OR is as well but I have yet to talk to anyone that has had success getting BOA to remove the deficiency language. How did you do it? Feel free to call me or email me directly [email protected] 541-330-0588. Thanks!

Van Bui said:

David, What state are you in ? Is 2nd a standalone purchase loan or refinance loan? I know in CA BOA is willing to remove deficiency if they are original purchase loans and owner occupied. Try to offer seller contribution by cash or promissory notes, BOA may grant your wish.

Permalink Reply by Van Bui on April 29, 2010 at 4:42pm

Cheri, CA is anti-deficiency state. If you have original purchase loan and owner occupied, you have a case. Go up to the top, they will remove deficiency clause for you. If it is refinance loan, you can negotiate with BOA to bring in some cash or promissory note in exchange for deficiency removal. HELOC is different. BOA will NOT remove deficiency no matter how much noise you make. I tried but I was unsuccessful on the HELOC. I even filed a complaint with OCC, it did not work either. I would like to hear from anyone who is successful on the HELOC.

• ‹ Previous
• 1
• 2
• Next ›
• Page