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FYI, I received an e-mail today from a BOA negotiator and he says that the process has been updated to process short sales faster. Below is his version of the process. It looks the same to me. But for those of you that didn't know, here it is:

Lastly, please be advised our process has changed in order to provide faster service. There are three different teams who will be handling your file.
Front-End (PHASE 1) - Collect all necessary documents and verify that we have a file ready for negotiation. Every investor is different and may require more or fewer documents that others.
Negotiation (PHASE 2) - Review offer, appraisal and HUD-1. They will be the team who decides to counter, decline or submit for approval.
Closing - If the offer is approved, it will go to a closing team member which will help carry the transaction from acceptance to closing.

Best of Luck All,

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Jerry LaRose is an Orlando Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of Real Estate in Orlando, Windermere, Winter Garden Florida or any place in the country. Jerry has created a team of professionals throughout Orlando and the country to ensure that you enjoy a smooth transition to your new area. Please visit http://OrlandoShortSaleExpert.com or www.JerrySellsOrlando.com for your real estate needs.  Please give me a call if you have questions about the Orlando and Central Florida real estate market.

P.S. If you are listing your home as a short sale in Orange or Osceola County Florida and Orlando, Windermere, Winter Garden,  Kissimmee or Ocoee Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 407-580-7011 to find out more about Orange County Short Sales and Orlando Area Short Sales.

 
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5 Comments on Short Sale Bank of America process update

OCT
15
Outside Blog Hit Router

Hi I have one in phase 2 of the system, again, the person doesn't answer email or telephone calls. So you sit waiting for them to call? They still don't. I'm still not getting anywhere ! Who can I call at BOA to get the process moving ?  Any suggestions?  Thank you,

11:03am • #1
hahaha, pretty much the same, except that is the shortest time BofA will ever take to explain it!
11:03am • #2
164,394 Points

Of course they forgot that the moon needs to be blue and you have to have the winning mega millions ticket.

11:09am • #3
103,910 Points Outside Blog

It seems to me they did change it. 

In Phase II, they added the bit of "submit for approval".  Based on past performance, this has been the missing step.

 

: )

 

11:21am • #4
126,341 Points 1 Featured Post Outside Blog

Jane,  Of course everyone's having trouble getting these deals done. Perhaps this number will help:

If it's a previous Countrywide deal call 866-880-1232.

If it's BOA and never a Countrywide call 800-846-2222

When a negotiator gets assigned always get their e-mail and phone number, then call every 3-4 days. For the most part their e-mail is their name @ bankofamerica.com (ie., melvin.steward@bankofamerica.com) Hope that helps

Melissa, Heath & Mike,  lol,   feel the pain baby!!!!!

 

 

12:55pm • #5

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Jerry LaRose, Realtor, Short Sale Expert Orlando, Florida Real Estate Expert

Orlando, FL

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Orlando, Windermere, Winter Garden Florida Real Estate News and the surrounding Orlando and Disney World Area, Keller Williams Realty

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