I put both loan numbers on the third party authorization, and listed $3,000 for the second on the HUD. BPO done, currently in "Offer Analysis" status in Equator.
Will BofA issue both approval letters or do I need to specifically request an approval for the second from a different department?
The second was a BofA HELOC issued along with the first, not used since initial draw at purchase.
Thanks in advance for any advice!
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In many cases the negotiator for Bank of America will work with both loans. I find the best thing to do is submit the entire package through equator on the primary and verify with the negotiator that he is working on the second loan as well. Since it is a HELOC it is a little less likely that he will be but still possible. If not there is a seperate package that needs to be filled out for them. I am having my web designer upload the document to my website if you need it. Should be there by the end of the day. Document Center
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