Faster response on Bank of America Short Sales Offers!

Bank of America is working with an outside company to get their short sale offers handled faster. This is great news! I have worked on several Bank of America short sales but recently lost one due to the slooow response to the offer. The buyer got tired of waiting and withdrew the offer before we could get a response from the bank. I know they are overwhelmed with requests for loan modifications and short sales but if they can't handle them, nobody wins.

I am very hopeful that this new development will make a big difference in processing short sales. It is to the benefit of everyone for the bank to accept reasonable offers on properties that are near foreclosure. There are definate rules for getting a home sold by short sale but if followed, this process can keep a homeowner from foreclosure and keep the loss for the lender to a minimum.

If you need help to determine if you are eligible for a short sale, call us.