The short sale process has improved tremendously over the past year with Bank of America (my opinion). There are still a lot of people that don't understand that this is an option for them even if they have 2 mortgages with Bank of America.
I have successfully completed short sales with 1st and 2nd mortgages with Bank of America with over $200K loss on some of them. If you need understanding of a short sale or just need to weigh in on your options on whether or not to do a short sale with Bank of America, there is a lot of help out there and they will all give you reasons to sell your home in a short sale instead of letting your home foreclose.
I think this is one of the best times to consider a short sale with Bank of America. I have been working with negotators that are competent and understanding and able to hold on to the file without losing anything from it (even though it is all electronic now).
One of the worst things a person can do when they are in financial distress is procrastinate.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved