Bank of America Short Sales

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Bank of America Short Sales

This group is for information, tips and solutions for Bank of America Short Sales.

 

 

Members: 1978
Latest Activity: Dec 11, 2023

Bank of America Short Sale Information

 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.

Discussion Forum

Investors not pushing off auction date

Started by Albert E. Manalo. Last reply by James Franko Oct 8, 2021. 11 Replies

Short Sale while home is in Probate

Started by Chris Zubrycki. Last reply by Brett Goldsmith Jun 19, 2018. 4 Replies

NO BofA FHA SHORT SALE UNTIL LOAN MOD DENIAL??

Started by RVT REI LLC. Last reply by RVT REI LLC May 21, 2018. 2 Replies

Short sale package

Started by Izabella Lipetski. Last reply by Izabella Lipetski Mar 11, 2017. 2 Replies

Where are the short sale forms now?

Started by Elva Branson-Lee. Last reply by Chris McGee Feb 10, 2017. 8 Replies

Pay off 1st in full and short 2nd and 3rd?

Started by Erinn Frisbie. Last reply by ElizabethWeintraub00697006LyonRE Jan 23, 2017. 4 Replies

B of A reducing Escrow/Settlement Fee..Again

Started by Tony Morales. Last reply by Tony Morales Sep 9, 2016. 6 Replies

Upload Trustee Release?

Started by Robert Martin. Last reply by Robert Martin Jun 2, 2016. 2 Replies

Two Separate Files BOA never receives any documents

Started by Lisa Jackson. Last reply by Julie Lyons May 2, 2016. 3 Replies

Comment Wall

Comment

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Comment by Sheila Vardakis on July 26, 2012 at 5:26am

Sue,

 

I have gone to the file in Equator and opened up each email and then printed so that the buyers agent or buyer could see that I am working the file and addressing what is truly going on.  I know it would be very easy to just blame another party when things aren't moving.  An agent doing their job will have no problem giving you documentation to show their conversations and progress is accurately being conveyed to you. 

Comment by Dean E Eshelman, CPA, CDPE, IRES on July 25, 2012 at 4:43pm

@Lisa Helweg. Well put. I agree.

Comment by Pam Graham on July 25, 2012 at 3:49am

I agree with Lisa, it was a good webinar to get you familiar with the process. I've been working on one as the buyer's agent, so of course not much hands on, and it has been a mess. Contract was submitted the end of October, should close on the 2nd of August. They have said they are swamped. I can't even imagine those employees having 300 files to deal with. That means 300 real estate agents they have to deal with and I'm sure they get dumped on alot!

Comment by Lisa Helweg on July 25, 2012 at 3:12am

@Dean, I thought that it was a good introductory webinar for agents who are unfamiliar with FHA Short Sales, but left seasoned agents frustrated.  I agree with you that they need to offer a webinar where they are willing to honestly and directly field the questions that experienced agents have.  I think that Bank of America has made great strides in improving communication and relationships with the agent community on the traditional short sale side as well as their internal processing.  It is now time for them to focus on their FHA processes.  It sounds as if the first step needs to be hiring and training.  I empathize with the good employees who are doing their best to process 300+ files quickly and accurately. 

Comment by Ellen Dittman on July 25, 2012 at 1:27am

Just called BA to follow up-post "waterfall process". Was told 7/11/12 to follow up approx 7/23/12 as they would assign negotiator and issue ATP. Just now, the rep said it would take another 7 business days to assign negotiator and ANOTHER 45 days to issue the ATP. I do not recall that detail in yesterdays webinar.

Comment by Dean E Eshelman, CPA, CDPE, IRES on July 24, 2012 at 6:05pm

@ Kevin, I agree. BA is the problem. HUD has bailed me out several times with BA. I'm dealing with BA now, when HUD told them to stop the foreclosure. I sent confirmation of the HUD stop order to BA. BA ignored and sent email the HUD next day after foreclosure, that BA was denying HUD's request. HUD put a block on BA claims on the loan. So we are dealing with that now for who knows how long.

Comment by Dean E Eshelman, CPA, CDPE, IRES on July 24, 2012 at 5:42pm

@Lisa Helweg I did ask the exact question in the QA window, along with many others. None of my questions were answered, Frankly, the webinar did not tell me anything I did not know. A waste of time. They need more time to honestly field the questions of the agent and explain what BA is doing to get its ship in order. Sure some mistakes are made by agents, but double or triple that made by BA.

Comment by Becky Rainwater on July 24, 2012 at 11:29am

I had two FHA fall thru as a result of pricing. If you get an offer first you may not get it approved. You are stuck with their price within the 84-88% guidelines.

Comment by Michelle L Houze PLLC on July 24, 2012 at 11:09am

I was told by one of the Twitter reps the other day that each FHA Phase II negotiator is handling a minimum of 300 files each.  Im not doing an FHA SS with them, but a friend got a letter 38 days ago saying their P2 neg would be contacting them in 7-10 days and still hasnt, so while I was on the phone and had their ear, I thought I would ask why.  THAT right there is the problem...they need more negotiators. 300 files for any 1 person is way too many to be productive.

Comment by Wendy Rulnick on July 24, 2012 at 10:58am
I've turned complete docs to PH II and not received a return phone call or email in weeks. They need to hire more FHA, VA, Ginnie Mae negotiators.
 

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