A CT Bank of America 2 lien short sale success

Bank of America has become one of my favorite banks to work with as of late. Yes, they have their moments - one in maybe five short sales with Bank of America turns into a delayed nightmare, but for the most part, Bank of America has become a breeze to work with.

This particular short sale was not much of an exception. Featuring two liens with BofA - a first mortgage and a home equity line of credit, the first moved along at a decent pace. It didnt take much more than a month for the approval. When the buyer flaked out close to approval, of course we had to start over again with a new buyer. This delayed us for a few extra weeks. The biggest problem we had was getting Bank of America and Bank of America to agree on what to pay themselves. The first wanted to pay the second less than the second was willing to accept. You'd think this doesn't happen when both liens are serviced by the same lender, but it does - and all too often. This took several attempts to resolve and was eventually settled.

An agreement was reached and several weeks later this Bank of America Easy Hartford, CT short sale closed. On an additional positive note, while it took a little bit of bargaining and a small contribution - once again Bank of America issued a full debt forgiveness approval waiving all rights to a deficiency.

Need CT Short Sale Help?