Bank of America Short Sales Discussions (1,285)

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Will someone please set me straight? It appears in 2010 there are two kinds of BOFA short sales.

There have been January posts on ActiveRAIN suggesting a new pre-approved short sale process is happening on some B of A serviced loans. Th…

Started by Jim Hale

2 Jan 11, 2010
Reply by Jim Hale

BOA Short Sale Going on Four Months...

I still have not been assigned a negotiator. My team and I call twice a week and the status remains almost the same. I did have a chance t…

Started by MeLisa Minter

10 Jan 11, 2010
Reply by Leonard Collins

REO TRANS? Do I have to start all over

If my short sale started in July do I have to resubmit everything throught REOTRANS? Im think ing i shoulf be okay, but i can t get a strai…

Started by Ronnie Ahmad

12 Jan 11, 2010
Reply by Ronnie Ahmad

What is the Average time frame fror BOA short sale?

My first SS with BOA and they said they were averaging 6 months. Is this what you are experiencing? Any way to speed things up? How long ha…

Started by Rachel Diedrich

8 Jan 10, 2010
Reply by Simon Hahn

B of A 2nd lien approval in 12 business days

12 business days after I originally sent the submission in. I do have a question though. Here are the nuts and bolts of my deal.... 1st m…

Started by Tim Schmitz

9 Jan 7, 2010
Reply by Steele V. Propp

INVESTOR DECLINING EXTENSION REQUEST ON SHORT SALE APPROVAL

Has anyone ever had an extension request denied by BOA investors? Is there a way to turn it around? I have an approved BOA shortsale. Have…

Started by Tina Farinas

15 Jan 6, 2010
Reply by Bryant Tutas

BOA/Equator phone number?

Hi All, I had a phone number that was a direct line to the BOA people at Equator (866-921-4772), but that number is disconnected. Does anyb…

Started by Shelly Long

7 Jan 4, 2010
Reply by Makoto Sato

Bank of America 2nd Lien HELOC......just submitted package

Hello, I just submitted my first BofA short sale package and it is a HELOC in which the first mortgage lender is a Fannie Mae investor and…

Started by Tim Schmitz

3 Dec 24, 2009
Reply by Tim Schmitz

House Passes "Phantom Income" Mortgage Relief Bill with Second Home Tax Restrictions

Does anyone have any information on this? It doesn't seem like anyone is aware of thsi bill being passed as realtors are still questioning…

Started by Kelly Simarano

5 Dec 17, 2009
Reply by Kelly Simarano

Got a bank approval, with a catch.

After short sale hell, we finally got opur offer accepted by BofA. Here is the catch. The old BPO expires in 4 days, and they need us to cl…

Started by C. Tedone

2 Dec 12, 2009
Reply by Katerina Gasset

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