BofA new Coop shortsale program

I have to applaud Bank of America for really trying.  One of my shortsale files was transferred to their third party vendor for their BofA coop program.  It's a very close model to HAFA but it's a BofA product.  The negotiator told me that it would be a 10 day turnaround and I really didn't believe her.  I actually got a counter in 6 days!  They only countered minor things like the buyer's home warranty.  Now we just need to get investor approval. Wow!!!  Has anyone else worked with this program yet?  What are your thoughts?

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Comment by Trina Gonzales on April 29, 2011 at 8:37am

Hello Amelia;

I'm very sorry for just getting your post.  I've been off the blog for a while.  The 3rd party company that I worked with on mine was PGS.  I think BofA has 3 companies that they're working with.  She had the same problem but eventually got it to work right.  Were you able to get it figured out?

 

Comment by Amelia Keene on April 8, 2011 at 3:16am
Hey trina... I have buyer waiting on a B of A cooperative. very good listing agent... but there seems to be a glitch with REDC who is handling it for B of A.... they can't seem to get equator to work ??? Its been a month... any suggestions who to escalate to?

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