Listen. I know Bank of America might be frustrating.
I've been required to work with them for a long time.
We've negotiated with Bank of America to get our clients Loan Modifications, short payoffs and to complete a short sale.
You've without doubt heard the nightmares of dealing with Bank of America.
Homeowners working for MONTHS on a short sale, only to have B of A foreclose.
Homeowners being required to send identical information to the bank over and over and over and
You get the drift.
So, just how have we had a whole lot of success where others failed?
Well read below. We took the time to put all of our best Bank of America content in one location for you.
Getting Started With Bank of America Short Sales
Did you know what is needed in a Bank of America Short Sale Package?
Bank of America Short Sale Package
The short sale package with Bank of America resembles that of other banks, though they do have a few of their own documents.
Besides the traditional short sale documents, you need to sign B of A's own Authorization Form as well as have the buyers sign a special addendum to the purchase contract.
What kinds of a hardship will Bank of America Accept?
Bank of America Hardship
Short Sale hardships are fairly easy to define.
Do you owe more then your home is worth?
Perhaps you have experienced a loss of income?
Has your household experienced a medical emergency of some sort?
Are you currently unemployed?
Are you currently UNDER-employed?
Have your expenses increased?
If you answered yes to any of these questions, there's a GREAT possibility of getting your short sale approved.
Do you know what the timeline is for the Bank of America Short Sale Process?
Bank of America Short Sale Process
Bank of America has now streamlined their short sale approval process, making it simpler then ever to have your file looked at and approved. Previously, it might take the bank MONTHS to review the file before they may ever send it off for approval. Now, Bank of America is claiming to be able to get answers out within 3 weeks.
Is it possible to get PAID to do a short sale with Bank of America?
Bank of America Short Sale Incentive Programs
You can find quite a few programs out there to help borrowers actually GET PAID to complete a short sale. Bank of America has their traditional short sale program (where you won't get paid), the HAFA program (government sponsored program), and what they call their "Cooperative Short Sale" program. These programs can get you up to $3000 when your short sale closes.
I've been required to work with them for a long time.
We've negotiated with Bank of America to get our clients Loan Modifications, short payoffs and to complete a short sale.
You've without doubt heard the nightmares of dealing with Bank of America.
Homeowners working for MONTHS on a short sale, only to have B of A foreclose.
Homeowners being required to send identical information to the bank over and over and over and
You get the drift.
So, just how have we had a whole lot of success where others failed?
Well read below. We took the time to put all of our best Bank of America content in one location for you.
Getting Started With Bank of America Short Sales
Did you know what is needed in a Bank of America Short Sale Package?
Bank of America Short Sale Package
The short sale package with Bank of America resembles that of other banks, though they do have a few of their own documents.
Besides the traditional short sale documents, you need to sign B of A's own Authorization Form as well as have the buyers sign a special addendum to the purchase contract.
What kinds of a hardship will Bank of America Accept?
Bank of America Hardship
Short Sale hardships are fairly easy to define.
Do you owe more then your home is worth?
Perhaps you have experienced a loss of income?
Has your household experienced a medical emergency of some sort?
Are you currently unemployed?
Are you currently UNDER-employed?
Have your expenses increased?
If you answered yes to any of these questions, there's a GREAT possibility of getting your short sale approved.
Do you know what the timeline is for the Bank of America Short Sale Process?
Bank of America Short Sale Process
Bank of America has now streamlined their short sale approval process, making it simpler then ever to have your file looked at and approved. Previously, it might take the bank MONTHS to review the file before they may ever send it off for approval. Now, Bank of America is claiming to be able to get answers out within 3 weeks.
Is it possible to get PAID to do a short sale with Bank of America?
Bank of America Short Sale Incentive Programs
You can find quite a few programs out there to help borrowers actually GET PAID to complete a short sale. Bank of America has their traditional short sale program (where you won't get paid), the HAFA program (government sponsored program), and what they call their "Cooperative Short Sale" program. These programs can get you up to $3000 when your short sale closes.
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