Bank of America Short Sales Discussions - Short Sale Superstars2024-03-29T15:57:37Zhttp://shortsalesuperstars.com/group/bankofamericashortsales/forum?feed=yes&xn_auth=noShort Sale while home is in Probatetag:shortsalesuperstars.com,2018-06-18:3468065:Topic:3933922018-06-18T21:06:23.472ZChris Zubryckihttp://shortsalesuperstars.com/profile/ChrisZubrycki
<p>I have a probate listing where I have finally gotten to speak to someone at Bank of America to get a loan payoff. We would have to short sell the home that is going through probate. Bank of America told me that the personal representative of the estate would have to assume the loan and then do a short sale. They said they will not do a short sale on behalf of the estate. Can anyone confirm that this is true. I know every bank handles this situation differently. Thank you!</p>
<p>Chris…</p>
<p>I have a probate listing where I have finally gotten to speak to someone at Bank of America to get a loan payoff. We would have to short sell the home that is going through probate. Bank of America told me that the personal representative of the estate would have to assume the loan and then do a short sale. They said they will not do a short sale on behalf of the estate. Can anyone confirm that this is true. I know every bank handles this situation differently. Thank you!</p>
<p>Chris Zubrycki</p>
<p>Glendale, AZ</p> NO BofA FHA SHORT SALE UNTIL LOAN MOD DENIAL??tag:shortsalesuperstars.com,2018-05-21:3468065:Topic:3927832018-05-21T15:25:44.111ZRVT REI LLChttp://shortsalesuperstars.com/profile/RVTREILLC
<p>Have scheduled foreclosure sale date of June 5th for FHA insured BofA loan. Was told FHA requirement is loan mod app first, which must be denied before FHA Short Sale will/can be considered. Have already started BofA "hoop jumping" and submitted loan mod app but wondered about this protocol.</p>
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<p>Anyone?</p>
<p>Have scheduled foreclosure sale date of June 5th for FHA insured BofA loan. Was told FHA requirement is loan mod app first, which must be denied before FHA Short Sale will/can be considered. Have already started BofA "hoop jumping" and submitted loan mod app but wondered about this protocol.</p>
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<p>Anyone?</p> Short sale packagetag:shortsalesuperstars.com,2017-03-07:3468065:Topic:3855072017-03-07T05:47:22.215ZIzabella Lipetskihttp://shortsalesuperstars.com/profile/IzabellaLipetski
<p>Where can I find a package for a short sale for a Bank of America</p>
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<p>Thank you</p>
<p>Where can I find a package for a short sale for a Bank of America</p>
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<p>Thank you</p> Pay off 1st in full and short 2nd and 3rd?tag:shortsalesuperstars.com,2017-01-23:3468065:Topic:3835262017-01-23T22:42:34.846ZErinn Frisbiehttp://shortsalesuperstars.com/profile/ErinnFrisbie
<p>First with PHH (Merrill Lynch) balance is $301,000</p>
<p>Second was with PHH just transferred to B of A in November balance $188,000</p>
<p>Third with B of A as well balance $250,000</p>
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<p>Value is at about $450,000 and just received offer at that price. Has anyone had an experience on paying off first in full, covering all closing costs and then having 2nd and 3rd be shorted and split 75% / 25% respectfully? Seem like if I try to process the first as a short in order for the 2nd…</p>
<p>First with PHH (Merrill Lynch) balance is $301,000</p>
<p>Second was with PHH just transferred to B of A in November balance $188,000</p>
<p>Third with B of A as well balance $250,000</p>
<p></p>
<p>Value is at about $450,000 and just received offer at that price. Has anyone had an experience on paying off first in full, covering all closing costs and then having 2nd and 3rd be shorted and split 75% / 25% respectfully? Seem like if I try to process the first as a short in order for the 2nd and 3rd to fall in line, the first is going to say "wait a second - we can be fully satisfied"</p>
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<p>Any advice would be greatly appreciate!</p> BOA still reporting delinquent to credit companies after short saletag:shortsalesuperstars.com,2016-12-07:3468065:Topic:3820382016-12-07T22:41:58.266ZTom Braunagelhttp://shortsalesuperstars.com/profile/TomBraunagel
<p>A client of mine is furious at BOA for continuing to report his mortgage status as delinquent we closed 7 months ago. He's looking to heal his credit however BOA is still reporting him each month. Who can I contact to make this stop....Thanks!</p>
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<p>Tom</p>
<p>A client of mine is furious at BOA for continuing to report his mortgage status as delinquent we closed 7 months ago. He's looking to heal his credit however BOA is still reporting him each month. Who can I contact to make this stop....Thanks!</p>
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<p>Tom</p> Where are the short sale forms now?tag:shortsalesuperstars.com,2016-11-09:3468065:Topic:3810022016-11-09T00:23:25.559ZElva Branson-Leehttp://shortsalesuperstars.com/profile/ElvaBransonLee
<p><span>FYI - the agent resource center links provided above do not work, or do not provide short sale packages (11/8/16). Has anybody heard of the BAC General Customer Realtor Information Worksheet? How about the Borrower Election form? Do you know where I can locate these?</span></p>
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<p><span>AgentResources.bankofamerica.com has no links to short sale forms. Has anyone else run into a problem getting the current forms?Thanks</span></p>
<p><span>FYI - the agent resource center links provided above do not work, or do not provide short sale packages (11/8/16). Has anybody heard of the BAC General Customer Realtor Information Worksheet? How about the Borrower Election form? Do you know where I can locate these?</span></p>
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<p><span>AgentResources.bankofamerica.com has no links to short sale forms. Has anyone else run into a problem getting the current forms?Thanks</span></p> B of A reducing Escrow/Settlement Fee..Againtag:shortsalesuperstars.com,2016-09-08:3468065:Topic:3796322016-09-08T22:25:30.508ZTony Moraleshttp://shortsalesuperstars.com/profile/TonyMorales791
<p>This discussion is directed mostly to California agents.. So about 4 years ago B of A decided that escrow companies in Calif were charging too much and stated maximum escrow fee would be $750.00 Fast track to today Short sale with purchase price of $330,000.00.. B of A now says maximum settlement fee is $550.00 My escrow and several others here in So Calif laughed at this and said they would not agree to $550.00 Their original fee was $1,000,.00 and they will agree to reduce to $750.00 …</p>
<p>This discussion is directed mostly to California agents.. So about 4 years ago B of A decided that escrow companies in Calif were charging too much and stated maximum escrow fee would be $750.00 Fast track to today Short sale with purchase price of $330,000.00.. B of A now says maximum settlement fee is $550.00 My escrow and several others here in So Calif laughed at this and said they would not agree to $550.00 Their original fee was $1,000,.00 and they will agree to reduce to $750.00 Now there may be agents and escrows that bend over to these banks but unless we all start to challenge it B of A will continue to play their silly games and take your money </p> Upload Trustee Release?tag:shortsalesuperstars.com,2016-06-01:3468065:Topic:3747322016-06-01T13:30:11.335ZRobert Martinhttp://shortsalesuperstars.com/profile/RobertMartin
<p>Anyone heard of this or know what they are asking for? The homeowner is not deceased. I'm not sure what they are asking for. </p>
<p>Anyone heard of this or know what they are asking for? The homeowner is not deceased. I'm not sure what they are asking for. </p> Two Separate Files BOA never receives any documentstag:shortsalesuperstars.com,2016-05-02:3468065:Topic:3726662016-05-02T18:29:30.098ZLisa Jacksonhttp://shortsalesuperstars.com/profile/LisaJackson
<p>Does anyone else have the problem with BOA saying that they have not received ANY of the documents that you have sent to them? I have the same problem with BOA Heloc and ended up having to escalate and escalate to get it straight.</p>
<p>Does anyone else have the problem with BOA saying that they have not received ANY of the documents that you have sent to them? I have the same problem with BOA Heloc and ended up having to escalate and escalate to get it straight.</p> Decline Letter ( failed internal quality review)tag:shortsalesuperstars.com,2016-04-19:3468065:Topic:3726872016-04-19T16:14:00.105ZDesmond Sinclairhttp://shortsalesuperstars.com/profile/DesmondSinclair
<p>Hello everyone. I have a situation with BofA. I'm currently doing short sale with them. After sending all required documents, they state that they have doing an internal review of all documents. A week later they send me a decline letter ( failed internal quality review). I spoke with the relationship manager and she informed me that it was decline because the buyer offer was too low, after talking with her, she decided that she would reopen the file. One week past, I got another email that…</p>
<p>Hello everyone. I have a situation with BofA. I'm currently doing short sale with them. After sending all required documents, they state that they have doing an internal review of all documents. A week later they send me a decline letter ( failed internal quality review). I spoke with the relationship manager and she informed me that it was decline because the buyer offer was too low, after talking with her, she decided that she would reopen the file. One week past, I got another email that said corrected decline letter which state the same reason as before. My question is, who can I talk to at BofA or what other options do I have to get this file moving along?. I forgot to mention that BofA did not counter offer, they just decline the offer.</p>