I have seen a lot of negative on Activerain about Bank of America short sales. I have had the opposite experience with them.
The first one is a short sale in Livingston CA. I received multiple offers on this one. I submitted a very good cash offer to BofA through the equator system. It did take a little while for them to respond. They ordered their BPO and about a week later we got a counter offer.
They wanted $10,000 more than the buyer had offered and wanted the seller to make a cash contribution of $10,000 and sign a promissory note for $20,000. This was not acceptable to either the buyer or the seller so I countered back to the original offer and received an ok on it today. I guess the bank had to at least try.
The second one is in Ripon Ca. This one was not through Equator.com. The asset manager I have been working with on this one has been awsome. He is very easy to reach by either email or the phone and he has responded to my questions in a very timely manor.
We are scheduled to close this one on this Friday the 17th.
I have two new Bank of America short sale listings coming up this week. I have been pleasantly surprised by the BofA short sale dept.
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