Chris Zubrycki
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Brett Goldsmith replied to Chris Zubrycki's discussion Short Sale while home is in Probate in the group Bank of America Short Sales
"Never heard of someone having to assume a loan to do a short sale on an estate. Not sure if I've done a FHA short sale with deceased borrowers, but I've done 20+ with private investors with many servicers and never heard of this. Generally…"
Jun 19
Chris Zubrycki replied to Chris Zubrycki's discussion Short Sale while home is in Probate in the group Bank of America Short Sales
"I have talked to everyone at B of A, escalated, everything.  Still getting same answer.  Estate will just let home foreclose.   PR has also been very slow to get back to me lately, so the writing is on the wall from B of A and from…"
Jun 18
Dean E Eshelman, CPA, CDPE, IRES replied to Chris Zubrycki's discussion Short Sale while home is in Probate in the group Bank of America Short Sales
"Never have had to do that with a probate. That is financial suicide for the Personal Representative. What if the Personal Rep has substantial assets or cash of their own? Why wiuld Pers Rep assume and get their credit report slammed? I woud 1) shout…"
Jun 18
Chad Gelsinger replied to Chris Zubrycki's discussion Short Sale while home is in Probate in the group Bank of America Short Sales
"Hi Chris, IF this is an FHA loan, then YES, the Personal Rep will have to assume the loan to proceed. Some of the other lenders (Wells Fargo and Mr Cooper) are now following this FHA guideline. Bank of America has done this for several years now.…"
Jun 18
Chris Zubrycki added a discussion to the group Bank of America Short Sales
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Short Sale while home is in Probate

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!Chris…See More
Jun 18
Chris Zubrycki joined Wendy Rulnick's group
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Bank of America Short Sales

This group is for information, tips and solutions for Bank of America Short Sales.  See More
Jun 18
Chris Zubrycki is now a member of Short Sale Superstars
Jun 18

Profile Information

First Name
Chris
Last Name
Zubrycki
Are you a...
Agent
State
AZ
City
Phoenix

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