Real estate blog entries tagged with heloc by Dameon V. Russell (CribClick, LLC)

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Home : Blogs : Dameon V. Russell : Dameon's Short-Sale & Real Estate Blog : Tag "heloc"

heloc: A Recent BofA Inquiry to Me We Can ALL Learn From - 12/14/09 12:26 PM

"I have a property that I am trying to do a short sale for. The realtor that I am working with is not able to negotiate with Bofa (heloc) to settle the account. They want to take $5000 in cash to release the lien but charge-off the remaining balance (about $200,000). Do you think you can help me on this case?"Thanks,Natalie

Hello Natalie,
Very common set of circumstances relating to a BofA HELOC account engaged in short-sale review; actually this is their standard resulting resolution. Unfortunately, they almost always include a clause regarding the deficiency in the approval docs, its … (0 comments)

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Dameon V. Russell

Sacramento, CA

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CribClick, LLC

Address: Roseville, CA, 95661

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