Contacting The Bank Of America Short Sale Executive Matt Vernon?
From FinChannel.com: "Matt Vernon Named Short Sale And REO Executive For Bank of America Home Loans"
Any ideas on how we can contact the new Short Sales Executive at Bank of America? It would be beneficial to BOA, to homeowners and to the economy in general if BOA would hear from us how much their ineptitude is costing their shareholders.
Realtors are the lender's allies in mitigating their losses, and we have the experience and knowledge that they need.
What if every short sale Realtor would send Matt Vernon copies of short sale offers that BOA rejected and then the subsequent REO sale for the same property showing that BOA sold the house for less many months later.
Suggestions, anyone?
Dave Halpern, Broker
Louisville Short Sale Expert Realtors, Louisville, KY
http://www.LouisvilleShortSaleExpert.com
http://twitter.com/dave_halpern
http://www.linkedin.com/in/davehalpern
http://davehalpernlouisvilleshortsaleexpert.wordpress.com/
Replies to This Discussion
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Permalink Reply by Tracey Martin on
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I have a really difficult time understanding why the banks do not see us as "allies in mitigating their losses." Why can't they understand that by not considering the short sale Realtor part of their "team," they are causing greater losses. It blows me away. There have been many times when I have wanted to say " look, at the very least, if it wasn't for Realtors like myself who are willing to put up with your crap, you wouldn't have the job you have." No short sales... no negotiators. We all want the same thing... that is to get a property sold at as little a loss as possible for the lender. " More importantly, our streets are peppered with empty houses which bring down the value of everyone's home, when we take on a short sale listing we are trying to prevent another property from becoming bank owned." As I ask my children every time they argue...." are you part of the problem... or part of the solution?" It feels to me that most lenders would rather be part of the problem while Short sale Realtors are trying to be part of the solution.
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Permalink Reply by Kylee Roe on
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Hey Dave,
Try email. Basic BOA template is [email protected]
One thing for sure, in our eyes BOA and others are doing things "screwy" but we aren't in their shoes. I believe it's correct that when a bank forecloses, the investors can't come after the bank later. You can correct me if I'm wrong.
I'm more than sure that BOA is a VERY broken machine. I agree, we should not refer loans to them, take our money out of accounts (They were screwy back when I had a simple checking/savings acct, long before I was a Realtor!--nickel and dime charging me), and really, stay away from all but the most "gimme" of short sales.
Hopefully the new exec. will straighten things out. Gotta imagine that is why he was hired!
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