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.
Started by Albert E. Manalo. Last reply by James Franko Oct 8, 2021. 11 Replies 0 Likes
Started by Chris Zubrycki. Last reply by Short Sale Superstars LLC Jun 19, 2018. 4 Replies 0 Likes
Started by RVT REI LLC. Last reply by RVT REI LLC May 21, 2018. 2 Replies 0 Likes
Started by Izabella Lipetski. Last reply by Izabella Lipetski Mar 11, 2017. 2 Replies 1 Like
Started by Elva Branson-Lee. Last reply by Chris McGee Feb 10, 2017. 8 Replies 0 Likes
Started by Erinn Frisbie. Last reply by ElizabethWeintraub00697006LyonRE Jan 23, 2017. 4 Replies 0 Likes
Started by Tom Braunagel. Last reply by Tom Braunagel Dec 7, 2016. 3 Replies 0 Likes
Started by Tony Morales. Last reply by Tony Morales Sep 9, 2016. 6 Replies 0 Likes
Started by Robert Martin. Last reply by Robert Martin Jun 2, 2016. 2 Replies 0 Likes
Started by Lisa Jackson. Last reply by Julie Lyons May 2, 2016. 3 Replies 0 Likes
Comment
Depends on the type of Loan if there is MI and what State the Property is located in for the bidding instructions.
Here is Freddie Mac's - http://www.freddiemac.com/learn/pdfs/service/fcl_bidding.pdf
Dianne, they don't need an appraisal for a sheriff sale. Often they list it at what is owed then "buy" it themselves, paying the sheriff fee.
Investors have their time deadlines - if you offer $1MM for a $100K place, it won't make an inch of diff to them. You could do a whole lot more if you had an approval, but you haven't started if you don't even have a BPO/appraisal.
If your seller really didn't get loan mod notification (I think 9.5 out of 10 sellers trash letters from the bank or shelve them), you might properly execute a QWR adding questions about the loan mod. Some things stop when between receiving and responding to a QWR. If you find that they left your seller hanging on the loan mod, and I doubt that they did, that could give you good cause to complain. You could bring in a state senator with that info, probably, to talk with the bank.
You are looking at some serious stretching here - this is pretty well cooked otherwise.
They should be able to stop the sale if you have an offer. In California you can stop the sale up to 5 days prior to auction. Have you called customer service? There should be a supervisor to speak with. Seems to me unless the offer is a low ball, they should be willing to look at the offer.
Dianne, you can call the SS dept and hit 5 for escalated files instead of 1, however, tweeting @BofA_Help is probably the fastest and best way to get BofA's attention.
My client has been trying for a modification for over a year and received a Notice of Trustee sale on October 1st. Client never received a formal rejection of loan modification. Does Bank of America still offer borrowers option of doing a short sale. Sale date is October 22 & we have an offer but BofA is saying it is too late for a short sale. Is there a contact person or number that we can contact to allow us time to initiate a short sale & avoid foreclosure?
Jon Batten, A mod that raises the monthly payment can be appealed. Of course you would need to look at the reason for the increase. Is it because of insurance and tax escrows and did the actual monthly prin and Int go down? If you have the denial letter, the home owner has 30 days to appeal. That should continue to hold off setting a foreclosure date. On mine the mod was reinstated and the p & I reduced and the delinquent amount was added to the back of the loan. Of course B of A admitted they were in error in stopping to accept the mod payments. Anyway once the appeal is denied then you should be able to do a SS as the waterfall would be complete.
Client has a USDA loan serviced by BofA. They applied 5 times for a mod and were turned down 5 times. They applied for a 6th time, got the run around about the status so ended up giving up and moved out to a rental. They called me to start the SS process. BofA wouldn't entertain a SS bc of open Mod app. Then BofA approved the mod out of the blue so per BofA the client doesn't qualify for SS. The mod raises their monthly payment by $50 per month. They are not going to accept, of course. BofA will not be clear with me what happens now. Since it has been rejected does BofA move directly to Foreclosure? They say there is not a path to SS from here but they are very vague and don't say anything with any level of confidence. Im caught in a loop, can anyone provide guidance?
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.
You need to be a member of Bank of America Short Sales to add comments!