After over a year of a HORRIBLE process with a short sale through BofA and the seller of the house, we have been notified that our loan is being sold to Bayview Loan Serving.  We had an offer on the table for over 6 months and the buyers finally walked, 2 days later had another offer on the table and realtor resubmitted SS papers back into BofA.  This was over a month ago.  So should I assume BofA is doing nothing with this file?  loan is to be sold on 10/17.  Are we just wasting our time?  Since this SS process began we have not been able to keep up with our second mortgage either.  This lender has been patient with us and worked with our realtor on this process.  I guess the 2nd is done waiting and have sold our 2nd mortgage off to a creditor company.  They are now beginning to call wanting payment.  Of course we cant pay.

So a few questions: has anyone dealt with Bayview in a SS? Is there anything else we could do with BofA before loan is sold?  Why would someone buy bad loans?  Obviously, we couldn't make our payments with BofA and we are over a year behind in payments, and were not going to be able to pay this company either!! How will the SS work with a creditor being involved now, not the original company? 

I have seen nowhere that BofA has helped anyone in this SS process!! we have turned upside down for them and have done all they asked!! I'm wondering now with the new loan company and the 2nd being sold off, if I should just let the house go into foreclosure?  This is a joke, this entire process!! no one wants to help anyone is this mortgage business.

Heck, if I could contact the president to let him know how messed up this entire process it I would!! Nothing has changed with these banks, modifications, or short sales.  I'm about done and ready to walk away!!! My poor realtor has spent SO much time on our short sale!! How could I possibly repay him for this??

Please help!!!