Just found out that we have a second loan to negotiate with Bank of America. I have never worked with them before. Do I still initiate through Equator or do I use the HELOC package that is under the Lender Info links?
Thank you for your help!!
Heather Gennette
P.S. Short Sale Superstars is the website I turn to for all my short sale questions!!
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If it is a HELOC, you fax the package to the HELOC BOA dept. If it a 2nd mortgage, same amount of digits in loan number as a 1st, you can use Equator or fax to the same number used for a 1st mortgage with BOA. You will need the same 5 (if already have a contract) docs if faxing as you need to initiate in Equator. If you don't yet have a contract, be sure to get the BOA third party auth and 4506-T.
Looking for some help I have same situation I believe as yours, enough to pay off first but not enough to cover second with B o A, any insight would be appreciated. Hope it went well for you.
Thanks
Diane Campos
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