Comment

Comment by William Booth on February 26, 2010 at 10:28am

Hi everyone..first let me thank all of the responces I recieved. I am writing for 2 reasons...the first to let you know that BOA finally answered!!! They came back with a counter of $5500 more..going from 132500 to 138000...with 2500 back at closing.....should I take it and run...or counter back???

Comment by Sara Mehrpouyan Los Angeles CDPE on February 25, 2010 at 4:37pm

Hi all..I have a seller with 1st and 2nds with BOA in California. Loans are re-fi. He is worried about deficiency judgement. How is BOA as far as waiving deficiency judgement? Seller has also asked if he should wait until April for HAFA to short sale? He doesnt have a notice of default yet but is late. Any input is appreciated.

Comment by Steele V. Propp on February 25, 2010 at 7:59am

Ryan,

I doubt any BOA reps are on this site. You are preaching to the choir as you can see.

Hopefully things will get better.

Comment by Anna Mackey SDHS on February 25, 2010 at 7:55am

Yea, Ryan! Now tell us how you really feel! LOL

Comment by Ryan Diedrich on February 25, 2010 at 7:50am

BOA sucks in every aspect. Had a short sale countered, sent in the accpeted counter but now have to reload eveyting to Equator. Fine, but on the phone for 1hr 6min so far and talked to 12 dif. people to get my login stuff. Nobody can help.

You guys and gals at BOA are all useless!...especailly the training staff. You should be ashamed to even collect a paycheck at the end of the week because you did not do sh*t to deserve it.

Comment by Wendy Rulnick on February 24, 2010 at 12:41pm

Correction to post below. BOFA made a mistake, they don't pay 10% on low sales. They pay $3000 on sales up to $49,000. That's today.

Comment by Flor Melgar on February 24, 2010 at 12:32pm

What type of loan are you shorting? FHA? Conventional?

Comment by Darla Maddalone on February 24, 2010 at 8:03am

Yes, that seems to be a common BofA occurrance. What I did was fax back to BofA 2 items:

(1) a copy of their lletter acknowledging their receipt of the authorization letter and
(2) a copy of the original authorization signed by the Seller with a notation at the bottom of the letter that the Seller reaffirms their authorization and includes a new Seller signature and current date.

That worked. Hope this helps.

Comment by Keena Frye on February 24, 2010 at 6:39am

I have been working on a short sale through B of A since the end of October. I was told last week we are now waiting on the Approval to Participate letter, when I call today I was told the authorization they had to speak with me on this loan is no longer good and I need to fax over another one. Has anyone had this problem??

Comment by Diane and Doug Briggs on February 23, 2010 at 2:30pm

I have a short sale with B of A since August 2009. Nothing happened from August to December when I was finally assigned a negotiator. Since then I have been shuffled from one negotiator to another never getting out of Phase 1. Most recently (Feb. 9th) I called in and was informed I had been assigned a "new" negotitor. Today I called and was told I had a "new" negotiator as of yesterday. I am at my wit's end. What do you suggest I do. I asked to speak with a supervisor and that person never came on the line. I've had 4 phase 1 negotiators since December. The offer submitted is over asking and at this point over the most recent comps. I'm sure the sellers are starting to think I'm totaly incompetent. Help!!

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