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Post Your Questions for Bank of America re: Deficiency Waivers

Posted by Chris Black on July 28, 2010 at 5:06am in Short Sale Discussions

Hello All,
I have a call scheduled this evening with a Bank of America short sale representative to discuss the groundbreaking, deficiency waiving approval letter we recently received.
Please comment with questions you would like to have answered.  I will definitely report back on what we are able to find out.  We are most interested in gauging the likelihood of this becoming more frequent and under what circumstances should we anticipate such a response.

If you missed the Short Sale Superstars posts about the approval letter and Bank of America's and FNMA's waivier of deficiency rights, they are here:

http://shortsalebasics.ning.com/profiles/blogs/boa-says-waive-all-rights-to, and here:

http://shortsalebasics.ning.com/profiles/blogs/contd-boa-short-sale-approval.

Thanks,

Chris

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Replies

  • Chris Black July 29, 2010 at 10:04am
    That's great news, Wendy. Did not know that.
    Chris

    Wendy Rulnick said:
    Chris - As a side note to this, Bank of America VA Offer in Compromise letters do not have the deficiency language, either.
  • Wendy Rulnick July 29, 2010 at 8:58am
    Chris - As a side note to this, Bank of America VA Offer in Compromise letters do not have the deficiency language, either.
  • Chris Black July 28, 2010 at 10:19am
    Thanks, Jacqueline. I will see what I can find out.

    Jacqueline Walker said:
    Chris.....this is very exciting news. I would like to know what guidelines BofA will be using to determine when a waiver will be granted.
  • Jacqueline Walker July 28, 2010 at 9:18am
    Chris.....this is very exciting news. I would like to know what guidelines BofA will be using to determine when a waiver will be granted.
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