Post Your Questions for Bank of America re: Deficiency Waivers

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:

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

https://shortsalebasics.ning.com/profiles/blogs/contd-boa-short-sal....

Thanks,

Chris

Views: 39

▶ Reply to This

Replies to This Discussion

Permalink Reply by Jacqueline Walker on 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.
Permalink Reply by Chris Black on 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.
Permalink Reply by Wendy Rulnick on 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.
Permalink Reply by Chris Black on 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.

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************