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Bank of America

Posted by Peter Christian on December 21, 2017 at 10:53am in Short Sale Discussions

Does anyone have any information on BoA dealing with an estate that needs to be short sold (BoA is the 2nd lien).  My client wasn’t on the loan but they want my client to send in financial information to conduct a modification review on her before they will move forward with a short sale on an underwater property.

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Replies

  • Jonathan Katz January 9, 2018 at 1:48pm

    Peter,

    This sounds odd that a Bank of America Mortgage would require you to apply for a Bank of America Loan Modification if the borrower is deceased. You should try to escalate to upper management or if you continue to have problems maybe it could help to get some short sale help. 

    Hope you can get back on track soon!

    Let us know what happened.

    Regards,

    Jonathan Katz

  • Peter Christian December 26, 2017 at 9:51am
    Yes, sent DC. BoA claiming that the spouse needs to go through a loan mod review. It is the 2nd. The first is FHA but the 2nd (BoA's) is not. She's explained, sent in administrator paperwork and everything
  • Jonathan Katz December 22, 2017 at 6:32am

    Do they have a death certificate? Is it a FHA loan? Has a letter of explanation been sent in?

    Brett@ishortsalenow.com

    310-564-6389

    www.ishortsalenow.com

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