I am working on a NIGHTMARE short sale with........
Can anyone guess?
Bank Of America - WINNER WINNER WINNER
I was told the Investor on the note is Bank of NY.
Contacted them directly, and, they said they are the "Trustee" on the loan and that B of A has final and sole decision making power?
Huh, anyone know the difference or can better explain what the "Trustee's" role is on the loan or short sale?
I have calls in to the 3 persons I know at Bank of NY, BUT being a little "anxious" would like to know as soon as possible what the "Trustee" does?
If anyone has an answer to this while I wait to hear back, I would sure love to hear.