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 Stephanie Hart CA 310-930-2342 on September 10, 2012 at 6:18am
YTD and YOY if that shows hardship!
Comment by Neil L. on September 10, 2012 at 6:16am

How many months back does a Profit and Loss Stmt need to go back?

Comment by Kevin - Greenville, SC on September 10, 2012 at 5:10am

Good work Dean!

Comment by Dean E Eshelman, CPA, CDPE, IRES on September 7, 2012 at 10:33am
@Kevin Working on BA PFS. HUD told BA to issue PFS and BA foreclosed. HUD told BA to rescind. Four weeks later I get email that foreclosure rescission to be issued 9/10
Comment by Helena Kaucheck on September 7, 2012 at 7:10am

The approval letter, Unearned Insurance Premium is sent via Equator normally as an attachment.  Generally, this comes by way of your negotiator.  Then once received, generally a task is put in place for the Final Hud approval and COE activity.  I have never received a non Equator confirmed Approval letter from BofA UNLESS for some reason there is a system glitch.  If that's the case, I'd call Customer Care to confirm it was received and I'm sure they are more than happy to read through the letter to confirm authenticity.  Most great Title companies know how BofA works--it may be just the escrow officer who is new to it....The LA should have enough experience to understand how this works. 

Comment by Rochelle Castro on September 7, 2012 at 6:51am

As a LA agent, I get an email alert that I have a message waiting in the EQ system.  Approval letter is delivered via EQ, after much conversation and follow up with the negotiators.  I have an idea more or less, when that approval letter is coming. (just got another one 5 days ago) I then send it to the BA and Title Co.  Maybe fraud is the reason why many other lenders, are now using EQ, for security and protection of all parties involved.

Comment by Kylee Roe on September 7, 2012 at 5:34am

FYI, we are hearing about this happening in California too. Who ever is creating the falsified letters, sees some way to make money--maybe the folks creating the letters see  big $$ in selling them to agents??? But what agent in their right mind would buy a letter and attempt to close? My gosh!

Comment by Jimmy Williams on September 7, 2012 at 3:55am
Carolyn, agreed, verification is good. The Title Company I use will contact the closing department for follow up instructions. They never rely on only a letter. A title company with short sale experience will usually have the closing departments at various banks on their speed dial.
Comment by Carolyn Triebold, MS on September 7, 2012 at 3:44am

Jimmy, yes that is true generally true, but not necessarily so for the letter from the second or for an FHA or a few select investors.  Additionally, in these cases where there is a bogus letter, albeit rare, I suspect the listing agent or the "negotiator' they have paid to do the negotiating on their behalf has been involved in the scam. So getting verification in escrow is a good idea.

Comment by Jimmy Williams on September 7, 2012 at 3:27am
Carolyn,

As a listing agent when I am working on a BAC short sale, the approval letter arrives via equator. Once received I forward to the buyers agent & Title Company. Good communication between the listing & buyers agent helps smooth out the transaction!
 

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