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I need help with a q a question woth BOA

Posted by Clint on February 21, 2015 at 4:38am in Short Sale Discussions
I have been under contract for 8.5 months with a bank of america short sale. I got an update yesterday saying that they were doing a final review then before it was sent to quality assurance. What does this mean and how long will it be before I get a letter of approval. Also my loan is good to go I have all me ends tied up and ready, just waiting on an approval letter from bank of america short sale dept

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Replies

  • Jonathan Katz February 21, 2015 at 8:20am

    quality assurance is similar to an audit. If it passes that stage it will be reviewed by management and/or the investor for a decision on short sale approval. If it is approved then a letter will be drafted up. Time frames vary, it may be an estimated 2 weeks.

    Brett@ishortsalenow

    310-564-6389

    www.ishortsalenow.com

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