Need Help with Bank of America short sale

Need Help with Bank of America short sale  

I have listed & sold over 20 short sale properties and have always been able to find a solution….BUT I AM MYSTIFIED!!!  Please HELP me.  I submitted an offer to Indymac (1st Lien) & Bank of America (2nd Lien) November 18, 2009.  Purchase offer for $305,000.  Balance Loan Amounts $338,000-Indymac &  $62,000-Bank of America.  Indy Mac Approved the short sale on 2/5/2010 and the max amount offered to Bank of America is $4,000.  This must be signed off on by 2/22/2010!   No one at Bank of America will give me an answer.  *Main problem*I still do not have a Negotiator.  They dropped the ball and admitted it but it will take me 10 days (from 2/16) and we will have missed the deadline and Indymac will rescind this offer.  What can I do?  Bank of America has escalated the file…not sure if this helps or hurts…They know the offer but without a negotiator assigned to the file no one can agree to the terms…I keep calling the short sale dept and they are sorry…and have no answers.  Who should I contact?

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Replies to This Discussion

Permalink Reply by Jerri Schick on February 17, 2010 at 5:46am
Wow! Don't you just want to go down there and pound on somebody's desk?
Permalink Reply by Jerri Schick on February 17, 2010 at 5:51am
Did you call this number? 877-803-0067 I got it off another thread on this site.
Permalink Reply by Jennifer James Team on February 17, 2010 at 6:27am
Jerri Schick said:
Did you call this number? 877-803-0067 I got it off another thread on this site.

I called the 877-803-0067 and they did not have the Sellers Last Name or address in that system...they gave me another number . That number 1-800-669-0102 did not work...Bank of America...Please find a system that will help make you money and save agents time. I can not do my job if I can't reach a person that can make a decision.
Permalink Reply by Kent Dills on February 17, 2010 at 9:09am
Wish I could help you Jennifer but I'm feeling the same or similar pain with B of A as you! GOOD LUCK! ;-)
Permalink Reply by Jerri Schick on February 17, 2010 at 10:14am
Okay girls! I have one more number to try - 800-846-2222. The only other thing you could try is getting an attorney involved. At least they could hold the FC at bay while BOA gets their act together!

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