Comment

Comment by Helena Kaucheck on November 30, 2016 at 9:53am

Brian, if I understand, you're looking to see if the hr lien would accept a short payoff to lien release. I did have a short payoff a while ago but not with Bank of America. I recall that it was a struggle but only because of the % the lender/investor demanded to release their lien. I think it was somewhere in the neighborhood of 60+%. I had a file that was declined by the BofA first for a similar reason and I approached the Jr lien -BofA also to determine if they would do a short payoff. Their response was unattainable by my client. Not sure if you've addressed this situation with Nationstar but if first contact then to see if this is possible. Since you know the investor a call to them may help but in my case I connected with BofA as a servicer. Not sure if this helps.

Comment by Brett Goldsmith on November 30, 2016 at 9:45am

@brian Are you simply trying to settle the 2nd for a cash lump sum? The stars need to align with LTV, 2nd lien loan status, investor guidelines, to complete 2nd MTG settlements. 

I wouldn't consider this a short pay as the home is not selling.

[email protected]

310-564-6389

www.ishortsalenow.com

Comment by Brian Burry on November 30, 2016 at 9:14am

Has anyone ever completed a 2nd TD "Short Pay" with Bank of America? I have successfully done this with underwater 2nd's with two other lenders, to allow the Owners to Retain their homes.  Nationstar is servicing the 2nd for B of A and since Nationstar turned down the FreddieMac 1st Short Sale saying too much income when the owner is a documented 90% Debt to Income ratio. So, in order to keep the property, the Short Pay on the 2nd is what is being sought.  So any help would and direction is appreciated.

Thank you so much

Brian

Comment by ElizabethWeintraub00697006LyonRE on November 8, 2016 at 2:56pm

https://agentresources.bankofamerica.com/content/document/ss_Borrow...

http://www.watsontitle.net/pdfs/Bank-of-America.pdf

Comment by Elva Branson-Lee on November 8, 2016 at 1:06pm

FYI - the agent resource center links provided above do not work (11/8/16). Has anybody heard of the BAC General Customer Realtor Information Worksheet? How about the Borrower Election form? Do you know where I can locate these? Thanks.

Comment by Scott on July 28, 2016 at 10:02am

I appreciate it.  I've been doing that and I've had success in the past with it.  This time, they keep referring me back to my same CRM who is the reason I'm having problems in the first place.  This file must be cursed.  These people are such idiots, it's hard to believe they can keep their doors open.  But sadly, most of the lenders are like this.

Comment by Dean E Eshelman, CPA, CDPE, IRES on July 28, 2016 at 9:56am

Scott -- the fastest response is going to be twitter -@BofA_Help Call YOUR NAME RE: PROPERTY ADDRESS, YOUR TEL NUMBER

That is executive offices. Will call you back in 24 hours. For TWITTER Do not place LN# or borrower name in the message. Just a brief: 'Need help with a HAFA short sale" will suffice. Make sure to mention short sale. Also, each file should to be a separate tweet. If you have issues with 4 files then send 4 tweets. They will respond very quickly.

Comment by Scott on July 28, 2016 at 9:49am

Does anyone have the number to the Office of the President with Bank of America?

Scott

Comment by Julie Lyons on April 29, 2016 at 4:23am

Thanks Bill G.  yes...  Ocwen and BofA.  It would only be complete if I had Greentree in the mix...  "The Un-Holy" Diety!

Comment by Julie Lyons on April 29, 2016 at 4:22am

Elizabeth that is great advice, I will burn up BofA's twitter account, I been there and done it before....  Love your comment about maps and a flashlight, totally agree!!!

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