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7 Comments on Bank of America and the Short Sale Process.
It would be less painful to hit your head against a brick wall than deal with B of A. I have had Short Wales waiting five and two months, with no negotiator.....good luck as you will need it.
Ack.... B of A, Citibank, Suntrust, Chase....whatever. The only bank I have had success with was Wachovia....30 days and an approval.
They say that they are improving....lol...where and for who? THEM
Yes, BofA... Do tell!!! It is soooo frustrating and mind blowing that such a big bank could operate this way and think you will still have a good reputation! BofA at times, use BofA in place of a curse word now when they stub their toe. They scream BofA instead of something else.
Michael, anyone who has BofA accounts should move them to a local bank that cares about your buisness.
If pending legislation is passed while we sleep, we will be able to choose banking services from only BofA and three or four other banks.
Bank of America is just the resurrected Zombie of Countrywide. You should post this to some of the short sale groups too. They might have some additional insight (or commiseration).
Would it not be a good idea to tie compensation of bank management to performance? It would seem obvious that allowing timely short sales would save the banks the costs associated with foreclosure. However I understand that there are still federal guarantees for some funds lost in a foreclosure. So in some cases bank management opts to foreclose because they are better compensated for these loses via the taxpayers.