A CT Bank of America short sale success with FULL DEBT FORGIVENESS!

Bank of America has always been very stubborn about retaining their right to pursue a deficiency in their short sale approval letters. To my surprise, my most recent Bank of America short sale approval letter came with new language, completely releasing my client of all future liability for the debt.

Unfortunately, soon after the buyer flaked out and we had to secure another buyer and get a new approval. This time, the approval letter read the same way as the old Bank of America letters, with Bank of America retaining their right to pursue the deficiency once again.

BUT - THE THIRD TIME WAS THE CHARM. Soon after the second approval, the sale fell apart again for a major inspection issue. A new price for the property was renegotiated, and back we went for our third and final approval.

After a chat with the negotiator, she agreed to once again issue the full debt forgiveness letter releasing my client from all future liability for the remaining debt. Soon after the sale closed and my seller was able to move on with her life with full confidence her struggles with Bank of America were over for good.

Hallelujah! It's about time, Bank of America!