Comments - Bank of America and Equator Make it Personal. So prepare your buyers. - Short Sale Superstars2024-03-28T10:28:53Zhttp://shortsalesuperstars.com/profiles/comment/feed?attachedTo=3468065%3ABlogPost%3A20269&xn_auth=noSo, do the "0's" work. I abso…tag:shortsalesuperstars.com,2010-10-06:3468065:Comment:516282010-10-06T14:11:32.082ZVanessa Calhounhttp://shortsalesuperstars.com/profile/VanessaCalhoun
So, do the "0's" work. I absolutely dread having to ask people for this information because I know that I wouldn't want to provide it myself. It's a bit intrusive.
So, do the "0's" work. I absolutely dread having to ask people for this information because I know that I wouldn't want to provide it myself. It's a bit intrusive. Yes, Karen, agreed. It's on m…tag:shortsalesuperstars.com,2010-05-14:3468065:Comment:278452010-05-14T14:19:47.504ZMichael Schneiderhttp://shortsalesuperstars.com/profile/MichaelSchneider
Yes, Karen, agreed. It's on my SSA. Of course BofA is "entitled to the info".<br />
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I don't think this is related to bureau pulls, btw. I think BofA can only pull a bureau for the Seller, not the Buyer. Need permissable purpose plus permission, by FCRA, and I'm pretty sure they only have that for the borrower, meaning Seller.<br />
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More likely for fraud detection, to verify bona fide buyer, I think.<br />
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Soft pull, hard pull, all the same, I think.<br />
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Just means that the inquiry is posted by the bureau as an…
Yes, Karen, agreed. It's on my SSA. Of course BofA is "entitled to the info".<br />
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I don't think this is related to bureau pulls, btw. I think BofA can only pull a bureau for the Seller, not the Buyer. Need permissable purpose plus permission, by FCRA, and I'm pretty sure they only have that for the borrower, meaning Seller.<br />
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More likely for fraud detection, to verify bona fide buyer, I think.<br />
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Soft pull, hard pull, all the same, I think.<br />
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Just means that the inquiry is posted by the bureau as an "account review", not "credit application", hence does not enter into FICO's score calculations. I have entered 0's in for the…tag:shortsalesuperstars.com,2010-05-14:3468065:Comment:278442010-05-14T13:26:18.434ZKaren Radzinskihttp://shortsalesuperstars.com/profile/KarenRadzinski
I have entered 0's in for the social security and made up phone numbers for buyers. However, when B of A has gotten to the soft credit pull, it takes them longer to complete their tasks. Now, I tell buyers agents ahead of time and if they want to purchase the property, then they will give me that information. I also talk with the buyers lender and let them know as well.
I have entered 0's in for the social security and made up phone numbers for buyers. However, when B of A has gotten to the soft credit pull, it takes them longer to complete their tasks. Now, I tell buyers agents ahead of time and if they want to purchase the property, then they will give me that information. I also talk with the buyers lender and let them know as well. I have heard that BoA is requ…tag:shortsalesuperstars.com,2010-03-27:3468065:Comment:216612010-03-27T03:26:00.422ZKeli Amparanhttp://shortsalesuperstars.com/profile/KeliAmparan
I have heard that BoA is requiring this information to do a soft pull on a buyers credit, before they accept the offer. I'm a buyer on a s/s (or at least I made an offer 8/09 and am still waiting to hear if I'm a buyer) and I did give that information before I found out what it was for. It would have been nice to know why they needed it, I just assumed it was to link us somehow to the offer or to possibly give us access to information on how the short sale was progressing.
I have heard that BoA is requiring this information to do a soft pull on a buyers credit, before they accept the offer. I'm a buyer on a s/s (or at least I made an offer 8/09 and am still waiting to hear if I'm a buyer) and I did give that information before I found out what it was for. It would have been nice to know why they needed it, I just assumed it was to link us somehow to the offer or to possibly give us access to information on how the short sale was progressing. I don't belive BOA or Equator…tag:shortsalesuperstars.com,2010-03-25:3468065:Comment:212082010-03-25T09:30:29.390ZMichael Davishttp://shortsalesuperstars.com/profile/MichaelDavis
I don't belive BOA or Equator is entitled to the info you cite. Just insert "0"'s in where the number are supposed to go. Don;t think you will hear anymore about it from them. This is stuff left over from the REO format where the bank is the direct seller. Not their business in a short sale as far as I am concerned.
I don't belive BOA or Equator is entitled to the info you cite. Just insert "0"'s in where the number are supposed to go. Don;t think you will hear anymore about it from them. This is stuff left over from the REO format where the bank is the direct seller. Not their business in a short sale as far as I am concerned. Gee, these are the questions…tag:shortsalesuperstars.com,2010-03-21:3468065:Comment:205622010-03-21T20:52:41.256ZZia Montesihttp://shortsalesuperstars.com/profile/ZiaMontesi
Gee, these are the questions I need answered from my sellers not buyers. I see it is BOA yet please explain to me why? What does Arm's Length have to do with it; if related they don't have to be livng together, or in the same state or SS #s were not issued at the same time? I'm confused? z
Gee, these are the questions I need answered from my sellers not buyers. I see it is BOA yet please explain to me why? What does Arm's Length have to do with it; if related they don't have to be livng together, or in the same state or SS #s were not issued at the same time? I'm confused? z I agree; everywhere you turn,…tag:shortsalesuperstars.com,2010-03-20:3468065:Comment:203732010-03-20T19:52:49.598ZMeir Aloni CDPE, CRS, RECS&Teamhttp://shortsalesuperstars.com/profile/MeirAloniCDPECRSRECSTeam
I agree; everywhere you turn, you are asked for personal info; to do any harm with only few pf SS#, one needs access to full blown data pools. So the reward (buying a good deal) vs. potenial damage (ID theft, etc) is, in my mind, a non issue
I agree; everywhere you turn, you are asked for personal info; to do any harm with only few pf SS#, one needs access to full blown data pools. So the reward (buying a good deal) vs. potenial damage (ID theft, etc) is, in my mind, a non issue I say, they didn't need the i…tag:shortsalesuperstars.com,2010-03-20:3468065:Comment:202892010-03-20T15:45:39.041ZGreg Traubhttp://shortsalesuperstars.com/profile/GregTraub
I say, they didn't need the info before, why do they need it now. And what's the deal with needing the first 5 digits? What good does that do?<br />
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Yes that is less info than the buyer would need to give at closing and for financing, but those entities have a business relationship with those parties and a certain level of trust. We're asking them to give us all the info someone would need to steal their identity and send it over the internet, through a third parties system, into the hands of who…
I say, they didn't need the info before, why do they need it now. And what's the deal with needing the first 5 digits? What good does that do?<br />
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Yes that is less info than the buyer would need to give at closing and for financing, but those entities have a business relationship with those parties and a certain level of trust. We're asking them to give us all the info someone would need to steal their identity and send it over the internet, through a third parties system, into the hands of who knows how many people at the SS bank to which they have no direct business with. I understand the apprehension.<br />
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I agree with you though that they always have the option to not buy a BOA Short sale. If it's a good enough deal, the information shouldn't be a deal breaker.