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Hi Judith:
My dad once told me ... "If it sounds too good to be true ..." This advice has served me well.
From a practical standpoint, Bank of America is a loan servicer for the overwhelming majority of the loans they handle as short sales. He would not only have to have one helluva contact with Bank of America, but he would also have to have contacts with multiple investors for whom B of A is the loan servicer. Some investors take 10-14 business days to make a decision. So he is telling you that his attorney can get Bank of America to review and recommend the short sale to an investor in 24-48 hours and they will get then get it to the investor and have them decide in an 8-12 business day window.
I'm not buying it.
Steve
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