Bank of America Short Sales in Benicia are my favorite transaction. It amazing how many people still have this idea that Bank of America Short Sales take too long. Their information is about a year too old. I am not saying there are the one or two that can drive us Benicia Short Sale Agents nuts. These are usually because they are a Fannie Mae, Freddie Mac or (gag me now) a preapproved HAFA short sale through Bank of America's chosen servicer of UTLS or AMS.
If you work with Bank of America and their assigned short sale team, it works like a well oiled machine. The employees answer questions readily and get the job done. Since Bank of America has implemented software via Equator, there is a record of what has transpired which holds everyone accountable.
Bank of America is constantly striving for an improved solution to help underwater homeowners. Hence the newest feature they have on their site of Home Transition Guide.
We closed a Bank of America Short Sale in Benicia last Friday. We have another one closing next week. Tomorrow we are expecting a short sale approval letter after two weeks of getting all the proper paperwork to the negotiator. The negotiator is very responsive, he calls or emails quickly to our questions. Wish I could say the same thing for a negotiator from UTLS. I have escalated that one two times. Guess I will have to pull out the big guns tomorrow. Other than that, the other Bank of America Short Sales we have in contract are proceeding forward smoothly.
Overall, the ones which give us headaches are far out weighed by the transactions that are smooth. The ones that give us problems we work through too. I guess it is supposed to keep us on our toes. Heaven forbid if every short sale could be so smooth!
If you have a Bank of America loan, are underwater and need answers about short sales or even how to keep your home, we are here to help you figure it out. Our mantra is "one step at a time".
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