Tagged : bank of america 
There are currently 4 blog entries matching this tag.
A few suggestions for Bank of America
Sunday, February 19th, 2012 at 5:29pm. 103 Views, 0 Comments.
I’ve noticed no matter what real estate website I’m on – Bank of America is advertising there…I also cringe everytime I’m in the car and I hear a random story on the radio involving something like “Bank of America pavilion”…or BofA this or that…
Bank of America- since you clearly have the funds to advertise no matter where I look, I think some of that money should be diverted to loss mitigation – specifically your short sale department.
How about:
Customer service reps that have a clue, or if they don’t know, will pass on the call to someone who does instead of giving my clients the runaround?
Paying for real appraisals? You know that BPO’s on listed property in CT are illegal right? I’ve told you several times and…
Bank of America FHA short sale success after 6 long months
Tuesday, January 24th, 2012 at 1:28pm. 447 Views, 0 Comments.
A happy ending to a long story….BUT….what I don’t quite understand is why Wells Fargo and GMAC can process their FHA short sales through Equator (a fast and efficient online platform), yet Bank of America still requires all FHA short sales to be processed manually.
A regular Bank of America short sale processed through Equator will generally take about 3-6 weeks….BUT this FHA MANUALLY PROCESSED short sale with Bank of America took a whopping 6 months to make it through the system.
Why BofA? It doesn’t need to be this way.
There wasn’t even any good reason the short sale took 6 months to get approved…forcing sellers through endless qualifying, repeatedly losing paperwork and unresponsive negotiators are the only reasons this short…
Bank of America short sale approved in just 3 weeks!
Monday, January 9th, 2012 at 8:03am. 491 Views, 0 Comments.
If there is a single short sale that I enjoy lately it’s a Bank of America Fannie Mae owned loan. This is quite possibly the single most predictable servicer/investor combination and one I am more than happy to take on. Most Bank of America short sales will go through their Equator system, including all their Fannie Mae owned loans.
Many of my clients are in the middle of a divorce leading to the unavoidable short sale of their home, as was the case here. My client was anticipating a long troublesome journey through the short sale process and was quite elated when his short sale proved to be quick and painless.
Within 5 weeks on market we secured a buyer for the home…and after submitting the package to Bank of America – a short sale…
A long overdue HAFA short sale success with Bank of America
Monday, November 28th, 2011 at 1:49pm. 263 Views, 0 Comments.
It took 9 months and a ton of aggravation but I finally witnessed a HAFA short sale actually close. This Connecticut short sale seller contacted me in March 2010 to get his home sold. Between a Bank of America first mortgage and a Bank of America HELOC, the home was seriously upside down. 
Not two weeks later we had a buyer in contract and the sale was moving along smoothly in Equator. We anticipated a closing soon after. NOT SO FAST!!!! In early April the troubles began when my client became eligible for HAFA.
Although at that time the program was brand new and we did not know what to anticipate, the promise of $3000 and full debt forgiveness was too much for my seller to pass on and he decided to pursue the HAFA short sale approval.
A 9 month…