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 Terry Parrish on March 4, 2011 at 4:15pm
Closed 2 Bank of America transactions - both went very well, one was an FHA loan, the other a traditional short sale.
Comment by Aneetra Isis Sherrell on March 1, 2011 at 6:42am
well said @ Jim Hale....
Comment by Jim Hale on March 1, 2011 at 6:36am

BofA seems intent on having a really short short sale approval process so that they can get as close to "regular sale" prices as possible........but just in case that doesn't work, they want that deed in lieu....to, in effect, speed up the foreclosure process.

And, oh, by the way, with that deed in lieu they are able to minimize their overall problem of having an unreliable paper trails on the ownership of notes.

With this program they have nearly total control....and, to the extent they can get sellers to contact them first, one of the aspects they hope to control is the selection of listing agents.

It's just another case of wanting to have your cake and be able to eat every body else's, too.

Comment by Julia Huntsman, 562-896-2609 on March 1, 2011 at 6:14am
My client just received an offer from AMS Servicing for the BofA Cooperative Short Sale Program. The AMS rep called me and said the seller would receive a $2500 incentive and an approval waiving all future liability. This is a former Countrywide 1st and HELOC 2nd. When I got the letter there was no mention of the $2500 incentive nor liability waiver in the letter. But, if the house doesn't sell within 120 days, the seller would give the property via deed-in-lieu, thus saving the bank foreclosure costs. I sent e-mail to the rep with my questions, NO ANSWER. They say one thing on the phone, another in their written terms. Anyone run across this yet?
Comment by Janie Booth on February 28, 2011 at 4:49pm
Thanks, Michael ~ This worked.
Comment by Michael Schneider on February 28, 2011 at 4:18pm

Well, two things.  Right click, save target as, save as word doc.

Or, the system sends it to you with the task assignment.

Does this attach work?

Authorization%20Equator.doc

Comment by Karyl Moore on February 28, 2011 at 4:13pm
Michael - I just discovered it when initiating a short sale tonight.  Did you try downloading or printing their form?  I couldn't get it be readable - were you able to?  What's the trick?
Comment by Michael Schneider on February 28, 2011 at 1:37pm

I guess you've seen the new Equator authorization form?

Just initiated one, using my "old" form.

I suppose it will be rejected, huh?  Or is there a grace period?

Comment by Jim Hale on February 23, 2011 at 11:58am

I hear you, Cheryl.

I guess I'm just saying:  Whether a BPO is coming from a biased or a disinterested party varies markedly from state to state.

(Oregon's policy was a legislative decision.)

The banks don't seem to differentiate....they seem to get BPO's everywhere (?) - biased or not.

Comment by Cheryl Sommerville on February 23, 2011 at 11:34am

Jim-

It makes sense to do it that way here.  There is no conflict of interest if the agent isn't expecting anything but a paycheck for doing the BPO. We had more crooked  appraisers here than agents back when prices were escalating.  I couldn't tell you how many times I've been called in by banks to double check the value placed on a property by an appraiser. With all the short sales going on it makes far more sense to order a couple of bpos at a third of the cost than a full blown appraisal.

 

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