Bank of America Short Sales
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This group is for information, tips and solutions for Bank of America Short Sales.
Members: 1978
Latest Activity: Dec 11, 2023
Bank of America Short Sale Information
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Short Sales 1-800-669-6650
Short Sale Fax 1-866-808-5050
Home Retention Department 1-800-669-0102 call to open VA or FHA/HUD short sales
Letter of Authorization Fax 888-491-4947 or 805-520-5019
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***Need Help? Try TWITTER HELP****:
****LOG INTO YOUR TWITTER ACCOUNT and TYPE: @BofA_Help Call YOUR NAME RE: PROPERTY ADDRESS, YOUR TEL NUMBER
http://social.bankofamerica.com/
For TWITTER Do not place LN# or borrower name in the message. Just a brief: 'Need help with a HAFA short sale" will suffice. Make sure to mention short sale. Also, each file should to be a separate tweet. If you have issues with 4 files then send 4 tweets. They will respond very quickly.
HELOC Short Sale Department: email for LOA and Short Sale Packages: [email protected]
EMAIL Moderator with new contact info or corrections to this group.
Discussion Forum
Investors not pushing off auction date
Started by Albert E. Manalo. Last reply by James Franko Oct 8, 2021. 11 Replies 0 Likes
Short Sale while home is in Probate
Started by Chris Zubrycki. Last reply by Short Sale Superstars LLC Jun 19, 2018. 4 Replies 0 Likes
NO BofA FHA SHORT SALE UNTIL LOAN MOD DENIAL??
Started by RVT REI LLC. Last reply by RVT REI LLC May 21, 2018. 2 Replies 0 Likes
Short sale package
Started by Izabella Lipetski. Last reply by Izabella Lipetski Mar 11, 2017. 2 Replies 1 Like
Where are the short sale forms now?
Started by Elva Branson-Lee. Last reply by Chris McGee Feb 10, 2017. 8 Replies 0 Likes
Pay off 1st in full and short 2nd and 3rd?
Started by Erinn Frisbie. Last reply by ElizabethWeintraub00697006LyonRE Jan 23, 2017. 4 Replies 0 Likes
BOA still reporting delinquent to credit companies after short sale
Started by Tom Braunagel. Last reply by Tom Braunagel Dec 7, 2016. 3 Replies 0 Likes
B of A reducing Escrow/Settlement Fee..Again
Started by Tony Morales. Last reply by Tony Morales Sep 9, 2016. 6 Replies 0 Likes
Upload Trustee Release?
Started by Robert Martin. Last reply by Robert Martin Jun 2, 2016. 2 Replies 0 Likes
Two Separate Files BOA never receives any documents
Started by Lisa Jackson. Last reply by Julie Lyons May 2, 2016. 3 Replies 0 Likes
Comment Wall
Comment
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Comment by Kevin - Greenville, SC on June 22, 2011 at 6:30am
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I still have not heard that BOA or anyone is using Equator for FHA Loans. So the information you received from they may or may not be correct.
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FHA Short Payoff - http://shortsales66.com/bofa/FHA%20Short%20Sale%20Packet.pdf
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Comment by Tara Polley on June 22, 2011 at 6:24am
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@ Kevin, I'm taking an FHA listing this week with BofA Servicer- when I talked with the short sale department, they told me to put it through Equator. I've done a ton of short sales, but not this combination of FHA/BofA. What is the process with FHA?
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Equator is not used for an FHA Loan.
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Comment by Sameer Punjani on June 22, 2011 at 6:17am
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Tony
You have to use a system called equator to start the short sale process.
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Tony, What type of Loan?
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Comment by Tony Morganti on June 22, 2011 at 5:56am
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Where can I find and download the paperwork for the seller to submit to Bank of America to initiate the short sale process?
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Comment by justin.hanke on June 21, 2011 at 7:08am
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Gabe,
In response to that new addendum, some Realtors are including a statement in their listing agreement that their commissions will be paid out of the proceeds of the short sale. That way it falls under "the terms of the listing agreement."
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Comment by Gabe on June 21, 2011 at 7:05am
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Just received my first request for to sign the listing agent certification document. Is there any concern regarding item 1, which states:
"Bank of America is in no way responsible for Listing or Buyer Realtor / Broker sales commissions, since that is the sole responsibility of the property seller under the terms of the listing agreement."?
It is my understanding that commission is paid from sale proceeds and the lender only agrees or approves for it to be paid. Anyone have knowledge or experience to share?
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Comment by Lydia on June 20, 2011 at 6:49am
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The same thing happened to me Pacita. They not only closed the file in error they said I was not assigned to the file even though they had my listing agreement AND ratified contract in their system. There was a huge glitch in their system (which they sent emails about).
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