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HAVE A HOME FINANCED WITH BANK OF AMERICA? HELP MAY BE AVAILABLE - AT LAST

Managing Real Estate Broker with Emage` Fine Properties, LLC BR117123000

April 12, 2010 06:26 AM

I must say I am impressed with Bank of America and the short sale process. If you can recall I, like many other real estate practitioners have written Blogs complaining about Bank of America short sale process, and shuttered at the thought of working with them. They were the proverbial "black hole". Paper work would go in and NEVER COME OUT. BUT TODAY, TODAY IS A NEW DAY.

I received a request from B of A to resubmit my short sale contract through the "Equator" computer bases system. Reluctantly I resubmitted and felt "put out" that they could not just take the information I gave them and run with it. However, once I placed the information into the system - within a week, I was assigned a negotiator, and a Broker's Price Opinion, (BPO) ordered. Through this computer system, I even have the email address of the negotiator. Additionally, everything is submitted via PDF files, and you are able to download pictures, to boot. HOW REFRESHING!

No more faxing, re-faxing, and re-faxing - it is all there on site.

Bank of America, You desire a standing ovation, you are a game changer! Clappping Hands

If you are facing foreclosure, and looking to sale your home as a Short Sale, we hold the distinctive designation as a Certified Distressed Property Expert, CDPE.

Call today for more information or assistance.

Cynthia Smitherman, ABR, GRI, DB, CDPE, VP-AAREB

Emage` Fine Properties, LLC

602 697-4487

www.homes4saleaz.com email: cynthia@emagehomes.com

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Kim Espinoza

Realtor, United Broker's Group, Arizona - Chandler, AZ

Connecting Arizona Buyers and Sellers

Hi Cynthia, I have my first BofA equator short sale in process also.....Let me know how you do after this. We have had the same experience up till now. The negotiator has yet to reply to my emails. The BPO was done on March 19th but no word yet. Both the Equator system for Realtors and the BofA short sale website for the seller says we have all of our paperwork completed. We are hopeful, my client had to relocate to California for work. He is not late on his mortgage because he is still able to pay. Hope that doesn't hurt the process.

Apr 12, 2010 06:32 AM

Gary Swanson

Century 21 Harris & Taylor - Grants Pass, OR

Hi Cynthia, that is great news! I just joined Equator after attending a couple of HAFA seminars, and if B of A follows through with what they are promising, things should go so much smoother.

Apr 12, 2010 06:39 AM

Juliet Johnson

Vizzitopia - St Johns, FL

Jacksonville Photography & Digital Marketing

This sounds like a huge step forward. in our area, the banks have started to play games with pricing: listing a Lender Approved short Sale price and then saying, "well, that was to initiate bids. We actually want $25,000 higher to make this deal acceptable to us." Still not sure how they can do that....

Apr 12, 2010 11:36 AM

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Cynthia Smitherman

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