It's about time that we start seeing proof that the banks are getting more understanding about these short sales.  Maybe we can start washing out the rest of these so we can get back to recovery mode.  Thanks so much for the explanation.

Via Stephanie Anson (Anson Properties LLC):

Bank of America’s new Cooperative Short Sale Program will benefit Gainesville short sales with its fast processing for approval letters.

The bank ventured into this new program to earn more profit and help Gainesville FL homeowners to avoid foreclosure on their homes by allowing them to have all possible options. With this Cooperative Short Sale Program, you no longer have to wait 60 days for a representative to be assigned to your Gainesville short sale.

A Cooperative Short Sale starts with a hardship letter sent by the homeowner to the bank. It contains the reasons you are facing a hardship. It tells your story and must be factual. The bank will most likely offer a loan modification that can be a pre-requisite in gaining a Cooperative short sale approval.

Once the loan modification is no longer feasible, the Cooperative Short Sale comes into the picture. The bank will then give a listing price. Unlike the conventional 3-6 month period for Gainesville short sales, buyers’ offer may be given an answer just within a week.

A reevaluation of the Gainesville short sale home happens every 21 days so prices may be lowered until an offer comes.

The Cooperative Short Sale program is a great opportunity for Gainesville Fl homeowners.

To view original article, click here.

Help for Short Sales and Foreclosure Information

Anson Properties LLC

Steph@AnsonProperties.com

O: 352.260.0153 C: 407.252.8240  

www.GainesvilleShortSaleAgents.com

www.GainesvilleHomeSaleSearch.com

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Kevin B Tolbert PA, CIPS, GRI, RSPS, TRC, CDPE, ALC

Keller Williams Realty of Port St Lucie
1850 SW Fountainview Bld Ste 205
Port St Lucie, FL 34986

Direct:  772-834-0099
Email:  kevinbtolbert@kw.com

To see all our local listings please goto www.SearchforSouthFloridaHome.Com
To see all our statewide listings, please goto www.IsellPortStLucieLand.Com

To see all my blogs, please goto www.kevinbtolbertpa.com

 

 
This post has been included in Florida Real Estate News St Lucie County, FL Real Estate News Port St Lucie, FL Real Estate News Pga Village (Port St Lucie, FL) Real Estate News
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5 Comments on Bank of America’s Cooperative Short Sale Program REBLOG!

FEB
17
2012
562,911 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good Evening Kevin

Thanks for the post and re-blog. Have a great day
8:47pm • #1
FEB
18
2012
588,367 Points 2 Featured Posts Outside Blog Called Shot Master

Patrick

YOu are most welcome and please take any of mine you would like to share.  I need the points as I am trying to get 200K in 1 year and this is a monumental task. 
6:46pm • #2
202,276 Points 2 Featured Posts Called Shot Master

Kevin,

Great localism post and I hope it helps some of the people who need it! 

7:29pm • #3
FEB
19
2012
588,367 Points 2 Featured Posts Outside Blog Called Shot Master

Marge,

Thanks so much for stopping by and we hope so as well.  Please feel free to visit my other blogs and leave comments or reblog anything you find interesting.

 

 
5:35pm • #4
AUG
12
588,367 Points 2 Featured Posts Outside Blog Called Shot Master

Thanks again spammers for more free points.
8:12pm • #5


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Kevin B Tolbert PA GRI CDPE CIPS RSPS Port Saint Lucie Short Sales Specialist (Keller Williams Realty of Port Saint Lucie) Rainmaker_large

Kevin B Tolbert PA GRI CDPE CIPS RSPS Port Saint Lucie Short Sales Specialist

Saint Lucie West, FL

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Keller Williams Realty of Port Saint Lucie

Address: Kevin B Tolbert PA CIPS GRI RSPS TRC CDPE ALC, 1850 SW Fountainview Blvd Ste 205, Port Saint Lucie, FL, 34986

Office Phone: (772) 237-5600

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