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BofA is slamming out approvals this week!! Almost.

Posted by Bryant Tutas on November 24, 2009 at 6:53am in Short Sale Discussions
Has anybody noticed the increased activity with lenders the last couple of weeks? I have files that have been sitting for months that are finally getting ready to be approved. The frustrating part of course is that after 6 months of nothing they send a request for info and give you 8 hours to get it there or.......they'll close the file!!! From what I can see from my communications with BofA is that if they do close it you have to call back in and then go through the REOTrans system. The last 2 days have been driving me crazy! But of course all we can do is our best. I now have 4 Sellers running all over the place to update financials before 5pm today. I hope they make it. Days like this make me glad that at least I am behind the computer and able to take the time to get er done. Regardless it beats the heck out of showing houses all day. What say you?

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Replies

  • Kylee Roe November 30, 2009 at 5:59pm
    Wendy,
    Who is PHH?
    Kylee

    Wendy Rulnick said:
    Hi Bryant - I have not had an uptick in BOFA approvals but Wells Fargo came through, PHH and Chase... ! I hate it when they give you 48 hours or whatever then threaten to close the file!
  • Dawn Barrier eXp Realty Vegas November 30, 2009 at 5:52pm
    Bryant, that is good news, but I have not had such luck here....Maybe that will change this week...fingers crossed,,,like that will help ha!
  • Kylee Roe November 30, 2009 at 3:31pm
    Bryant,
    Do you know if only B of A original or held loans are on REOTrans, or are some of the C'wide loans there too?
    Thanks,
    Kylee
  • Wendy Rulnick November 25, 2009 at 3:31am
    Hi Bryant - I have not had an uptick in BOFA approvals but Wells Fargo came through, PHH and Chase... ! I hate it when they give you 48 hours or whatever then threaten to close the file!
This reply was deleted.
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