Is your mortgage or mortgages held or serviced by Bank of America? Are you considering a short sale or do you have questions about the short sale process and how it affects your potential success of a short sale?
Bank of America has a few different short sale programs to help homeowners…
ContinueAdded by Garrigus Real Estate Group on February 26, 2013 at 9:06am — No Comments
While prices are rising in the Silicon Valley there are still homes that are underwater and you may need to short sale your South San Jose home. If this is the case, don't wait!
Bank of America has instituted some new policies which can have a major influence on your …
ContinueAdded by Marcy Moyer on January 21, 2013 at 8:41am — No Comments
I am so excited about this news! I know, it doesn't take much for me to get excited, but this is really big news in my opinion.
Up until now if you were involved in a Silicon Valley Bank of America Short Sale they did not take electronic signatures. This would have been ok if the bank could sit with you in your conference room and look at the offers. We all know this…
ContinueAdded by Marcy Moyer on October 16, 2012 at 5:10pm — No Comments
I was reading about short sales, as I do every Sunday morning on a great site for short sale information Short Sale Superstars. There was a discussion about a Bank of America Short Sale that had been approved, and then denied after the approval, a few days before closing. The reason:
The seller was a real estate broker and the listing agent works for the seller. The buyer…
ContinueAdded by Marcy Moyer on October 8, 2012 at 7:29am — No Comments
If you have a home loan through Bank of America and you are currently concerned about making your payments or your home is worth less than you owe, you may qualify for a short sale incentive from …
ContinueAdded by Michael Collins, CDPE, SFR on May 24, 2012 at 8:09am — No Comments
When I first heard about the Bank of America Cooperative Short Sale Program, I thought it might be more blah blah and less ah ha!
I was initially skeptical, A) because banks are famous for coming out with “new programs” that don’t end up getting squat done! And B) because I was told that with this program, the bank does the appraisal BEFORE an offer is received for the…
ContinueAdded by Joshua Gayman on May 8, 2012 at 9:15pm — No Comments
I have read several news and Blog pieces about 2012 being the bottom of the market and how the best time to purchase a home is now. In good conscious I cannot sit idly by without voicing my opinion.
The news and columnists have based their analysis on the low number of inventory currently on the market for sale and the fact that it is 22% less than this time last year. They further site a 30% increase in property…
ContinueAdded by Conrad Randolph Hodgson - Broker on March 20, 2012 at 1:47pm — No Comments
I was starting to feel like the last player picked in dodge ball. The rejections were really hurting, especially since there was never any reason given. Just messages saying your supporting documents were rejected. Oh the pain!
I finally got a really nice B of A negotiator on the phone today who gave me a simple explanation, the buyer's proof of funds were downloaded as a web page instead of being a PDF of the originals, and the current policy is only original statements are accepted,…
ContinueAdded by Marcy Moyer on December 28, 2011 at 3:18pm — No Comments
One of the best things that has happened to short sales in the last couple of years is the on line platform for processing a short sale. There are several platforms in use, but Equator is one of the more popular ones, and is the one used for Bank of America and Wells Fargo Short Sales. So, instead of your agent having to fax all the documents, usually several times, the…
ContinueAdded by Marcy Moyer on December 24, 2011 at 12:52pm — No Comments
Is Bank of America Still Terrible at Short Sales?
I would have to reluctantly say no. Bank of America is no longer terrible at short sales. This coming year will mark four years since my first Bank of America short sale, and as critical as I am of Bank of America, I must admit they they…
ContinueAdded by Tni LeBlanc (805) 878-9879 on December 4, 2011 at 9:12am — No Comments
Bank of America is making a process change that will reduce the processing time and improve customer service for HAFA Short Sales (Home Affordable Foreclosure Alternative Program) that are submitted with an…
ContinueAdded by Jason Opland on December 1, 2011 at 8:42am — 1 Comment
Bank of America Short Sale in Los Angeles
Are you thinking of a Bank of America Short Sale in Los Angeles? Many homeowners in the Los Angeles area have their 1st mortgage, 2nd mortgage or both 1st & 2nd mortgages with Bank of America. You might not be able to pay your monthly mortgage payments anymore or are in danger of falling behind on your loan. If so, a Bank of America Short Sale may be an option. Many of…
ContinueAdded by Sara Mehrpouyan Los Angeles CDPE on October 24, 2011 at 5:41pm — No Comments
Well Bank of America did it again. They foreclosed on a home owned by a single mother of five children, one a newborn last Monday after we were told numerous times that her short sale was approved.
This hard working mother of five commutes to work every day from Victorville to Manhattan Beach, a 103 mile one-way trip in order to keep a roof over her family’s…
ContinueAdded by Diane Wheatley on September 12, 2011 at 3:56am — 5 Comments
Let me begin with the fact that I have never been a dual agent on a traditional equity sale. The only sales I have ever “double ended” were short sales. In fact, I…
Added by Tni LeBlanc (805) 878-9879 on July 21, 2011 at 6:30am — 3 Comments
Bank of America just announced a change in its short sale program that may make Bank of America short sales just a little easier.
Until today, if Bank of America short sales were entered in Equator and then a buyer walked, the whole short sale process would have to start all over again. Even if the new buyer made exactly the same offer, the process had to start all over…
ContinueAdded by Christine Donovan on July 15, 2011 at 11:30am — No Comments
We are proud to say that another of our short sales listings has received an approval on the submitted short sale contract. This …
ContinueAdded by Suzanne Hinton on December 3, 2010 at 8:30am — No Comments
Added by Jennie Blackburn on October 25, 2010 at 4:54am — 2 Comments
Added by Cindy LaPeer on September 29, 2010 at 10:24am — 7 Comments
Thanks to Tim & Julie Harris for getting the information on this this program Bank of America is hopefully going to implement soon. It is in the "testing" phase now.
This is what we all have been hounding the banks to do for a few years now. This…
ContinueAdded by Dawn Barrier eXp Realty Vegas on August 10, 2010 at 5:44am — 3 Comments
I would like to start a movement with BAC. All their approval letters should include the following:
Buyer (insert buyer's name from contract). **Replacement buyer subject to BAC approval.
Now wouldn't that eliminate being in escrow 3 to 4 to 5 times - assuming net to BAC was the same and no change in close of escrow date?
I say that while having 6 short sale escrows with them, and 3 approved - but it's absolutely pulling teeth and insanity.
Added by Anna Boyd on May 17, 2010 at 2:03pm — No Comments
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.