Click The Button Now To Hire A Short Sale Superstar To Support You.
Short Sales 1-800-669-6650
Short Sale Fax 1-866-808-5050
Home Retention Department 1-800-669-0102 call to open VA or FHA/HUD short sales
Letter of Authorization Fax 888-491-4947 or 805-520-5019
|
***Need Help? Try TWITTER HELP****:
****LOG INTO YOUR TWITTER ACCOUNT and TYPE: @BofA_Help Call YOUR NAME RE: PROPERTY ADDRESS, YOUR TEL NUMBER
http://social.bankofamerica.com/
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.
HELOC Short Sale Department: email for LOA and Short Sale Packages: [email protected]
EMAIL Moderator with new contact info or corrections to this group.
Started by Albert E. Manalo. Last reply by James Franko Oct 8, 2021. 11 Replies 0 Likes
Started by Chris Zubrycki. Last reply by Short Sale Superstars LLC Jun 19, 2018. 4 Replies 0 Likes
Started by RVT REI LLC. Last reply by RVT REI LLC May 21, 2018. 2 Replies 0 Likes
Started by Izabella Lipetski. Last reply by Izabella Lipetski Mar 11, 2017. 2 Replies 1 Like
Started by Elva Branson-Lee. Last reply by Chris McGee Feb 10, 2017. 8 Replies 0 Likes
Started by Erinn Frisbie. Last reply by ElizabethWeintraub00697006LyonRE Jan 23, 2017. 4 Replies 0 Likes
Started by Tom Braunagel. Last reply by Tom Braunagel Dec 7, 2016. 3 Replies 0 Likes
Started by Tony Morales. Last reply by Tony Morales Sep 9, 2016. 6 Replies 0 Likes
Started by Robert Martin. Last reply by Robert Martin Jun 2, 2016. 2 Replies 0 Likes
Started by Lisa Jackson. Last reply by Julie Lyons May 2, 2016. 3 Replies 0 Likes
Comment
I was told by multiple csvc agents that by April 12th all files needed to have the new Third Party auth uploaded in EQ.
Has anyone else attended the most recent "Bank of America Short Sale Forum" ? I attended in CA today.
There was a lot more discussed in this 2.5 hour session. I fyou get invited to one of these sessions, GO - find the time and GO. There are some benefits to attending - a new Short Sale Escalation Process specifically provided for those Agents and Brokers who attend - accessed by UserID and Password but only provided a week after your attendance is noted at the event.
These transactions are going to really speed-up and will be rejected if documents and contracts are not complete and correct.
Get ready folks, I think we're going to be busy the remainder of 2012.
Thom
I agree with Ben. Most of this is already covered because you have to be licensed for access to Equator I know for a fact many attorneys don't get on the phone with BOA and have an assitant do it, so I don't see the big deal if a big brokerage also has an assistant (that knows what they are doing) do this.
All our LOA's are on the old form. This one is new. Were you asked to sign this Wendy by BOA? BOA is just CTA's ;)
My husband is the listing agent on the SS we are doing now with BofA and the negotiator had no problem speaking to me on his behalf on the phone, so maybe it really depends on who you get. He has provided verbal authorization when we were on 3-way one time to let her speak to me, and ever since then she's been calling me instead. Hope that helps.
This is an interesting issue with this BofA authorization. I do not see anything wrong with providing the agent authorization to the file. At this current time I am submitting our own LOA granting our associates the ability to discuss the account and it is currently working.
The real question is if BofA is allowed to control who they are willing to talk to about Your clients loan then how many short sales can an agent effectively take on?
SILLY Move by BofA!!
@Tara - My team speaks with BOFA all the time, unlicensed.... so if this is a new policy, it can certainly cause some issues... You cannot have an assistant call to see "was the fax received", etc....
To my knowledge, that has been the case for a very long time. Perhaps they are just now putting it on the authorization form so there is no confusion
Check out the new BOFA Letter of Authorization ONLY licensed agents or attorneys can be authorized on the accounts now? No assistants, title agents, etc? COMMENTS?
New Bank of America Buyer Acknowledgment form. Required for short sales......
Debra -
You are correct. You, Julia and I all are subject to CARETS Rules (OCAR and PWR - we all became CRMLS participants when SoCal MLS died this past year). We are required to change the status to "Back-up", "Contingent" or "Pending" upon execution of the RPA.
That said, if there is a Lender Purchase Agreement Addendum or Lender Listing Agreement Addendum required by the lender and signed by all parties stating we must submit all offers to them for consideration, then we have to send them along to the lender.
The bank then has the ability to decide whether to revoke the first offer / approval or to proceed.
IMHO, I think now that values are rising in some areas, more approvals are going to be revoked or withdrawn as higher offers start coming in.
We all need to be prepared !
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.
You need to be a member of Bank of America Short Sales to add comments!