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shortsale: 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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shortsale: The 3 Must Have Qualifications for Short-Sale - 10/23/09 03:34 PM
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shortsale: 7 Dangerous Myths About Short-Sales - 10/23/09 03:30 PM
Click this link to download a FREE Report.
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shortsale: MHA, New Guidelines May Radically Change How Short-Sales Get Done - 10/20/09 03:49 PM
We've been successfully specializing in short-sales since mid 2005 and have been as much a part of the evolution of how these things get done as we have been a witness to the evolution.We've seen first hand how lenders have buckled under the deluge, and struggled to create, adapt, and adopt systems, & new personnel to handle it all; it hasn't been pretty.All in all, I think these newest guidelines under the MHA program will generate significant improvements to the process, and remove substantial "waste" from it. Two thumbs up!I am a realist however. As such, I realize that since this … (4 comments)
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shortsale: The New MHA Guidelines Regarding Short-Sales... Thoughts? - 10/17/09 04:19 PM
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