Bank of America Short Sales

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Bank of America Short Sales

This group is for information, tips and solutions for Bank of America Short Sales.

 

 

Members: 1978
Latest Activity: Dec 11, 2023

Bank of America Short Sale Information

 Click The Button Now To Hire A Short Sale       Superstar To Support You.

 

 

Short Sales 1-800-669-6650

Short Sale Fax 1-866-808-5050

Home Retention Department 1-800-669-0102 call to open VA or FHA/HUD short sales

Letter of Authorization Fax 888-491-4947 or 805-520-5019

***Need Help? Try TWITTER HELP****:

****LOG INTO YOUR TWITTER ACCOUNT and TYPE: @BofA_Help Call YOUR NAME RE: PROPERTY ADDRESS, YOUR TEL NUMBER

 http://social.bankofamerica.com/

For TWITTER Do not place LN# or borrower name in the message. Just a brief: 'Need help with a HAFA short sale" will suffice. Make sure to mention short sale. Also, each file should to be a separate tweet. If you have issues with 4 files then send 4 tweets. They will respond very quickly.

 

HELOC Short Sale Department: email for LOA and Short Sale Packages:  [email protected]

 

EMAIL Moderator with new contact info or corrections to this group.

Discussion Forum

Investors not pushing off auction date

Started by Albert E. Manalo. Last reply by James Franko Oct 8, 2021. 11 Replies

Short Sale while home is in Probate

Started by Chris Zubrycki. Last reply by Brett Goldsmith Jun 19, 2018. 4 Replies

NO BofA FHA SHORT SALE UNTIL LOAN MOD DENIAL??

Started by RVT REI LLC. Last reply by RVT REI LLC May 21, 2018. 2 Replies

Short sale package

Started by Izabella Lipetski. Last reply by Izabella Lipetski Mar 11, 2017. 2 Replies

Where are the short sale forms now?

Started by Elva Branson-Lee. Last reply by Chris McGee Feb 10, 2017. 8 Replies

Pay off 1st in full and short 2nd and 3rd?

Started by Erinn Frisbie. Last reply by ElizabethWeintraub00697006LyonRE Jan 23, 2017. 4 Replies

B of A reducing Escrow/Settlement Fee..Again

Started by Tony Morales. Last reply by Tony Morales Sep 9, 2016. 6 Replies

Upload Trustee Release?

Started by Robert Martin. Last reply by Robert Martin Jun 2, 2016. 2 Replies

Two Separate Files BOA never receives any documents

Started by Lisa Jackson. Last reply by Julie Lyons May 2, 2016. 3 Replies

Comment Wall

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Comment by Sharona Byrnes on April 9, 2012 at 11:04am

Not sure if anyone has had a chance to check out the newer format for Equator - try logging in at agent.equator.com, instead of www.equator.com. Let me know what you think!

Comment by Ben Racela on April 9, 2012 at 8:43am

@ Thom

It is my understanding that this is in response to the DOJ settlement.  There are 2 main criteria that must be me for the loan to be considered for this DOJ Modification.  1) It must be a BofA loan; 2) and serviced by BofA.  I have not found any other type of details as to how it is determined how much the principal reduction will be or how the arreages are considered.

I hope this helps.

Comment by Thom Colby CA Brkr 888-391-5245 on April 9, 2012 at 8:06am

Who knows anythign about the new "GLOBAL SETTLEMENT PROGRAM" for Non-Fannie / Non-Freddie / private investor loans?  My understanding is there is a list forming to be considered for Principal Reduction and Interest Rate Reset on upside-down loans.  The number to get on BofA's list is 877-488-7814.

Comment by Napua Lucas on April 5, 2012 at 8:58am

Kevin, I closed a short sale w/BOA a couple of months ago w/a first and BOA 2nd in which they wrote on their Approval letter (summarizing) that the 2nd was considered paid in full and they would not pursue etc.  About a month after closing the seller receives a letter from BOA stating that they are pursuing for deficiency on the 2nd.  I sent the seller to an attorney and of course told him to send a copy of his approval letter to BOA.  

Comment by Elise Fay on April 5, 2012 at 6:35am

I just had a BofA Heloc for $125K....Went thru the HAFA program with the 1st, GMAC and BofA was given the max $6K..full release of all liability but I know that is HAFA.

Comment by Kevin Kudrna on April 5, 2012 at 6:23am

I might be taking a listing that has a $30k HELOC with BofA and I was wondering if anyone is seeing BoA ask for a cash contribution, promissory note, or pursuing the seller after closing.  Thanks,Kevin KudrnaColorado Springs

Comment by Kathy Marlowe on April 5, 2012 at 3:58am

Any advice on what to do when BOA does not know who they transferred the second mortgage to?  It still shows BOA but they say it is not theirs.  The seller has a document that she got from the bank that sent her payments to them that shows the second as zero but in a foreclosure status.

Comment by Kevin - Greenville, SC on April 4, 2012 at 1:59pm
Comment by Karyl Moore on April 4, 2012 at 1:58pm

It seems like most short sales need escalations and help - but only B of A has Twitter. I appreciate that greatly - especially considering how bad B of A was years ago. 

Comment by Anna Boyd on April 4, 2012 at 12:51pm

@Anna Parker - I will definitely tweet.  They were great last time.  Another question is why does everything need to be tweeted and escalated?  Nothing seems to be done in an orderly fashion. They should give the negotiators more authority.  They should have some incentive program for negotiators that reward negotiators that actually close files.  Right now, negotiators are happy to get a file off their desk. Particularly if it doesn't fit in the exact slot they need to have a short sale acceptance.

 

@Stephanie.  Counter expired 4/2, but I emailed her that same morning.  I didn't get email back until following day when she said "sorry, too late".

 

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