Bank of America intends to speed up the approval time of short sales maybe even to as fast as 20 day approvals as reported to me thru a recent Bank of America short sale webinar with top bank officials.
They are streamlining the process thru Equator this month to implement changes to move things thru the system faster.
I can tell you that my last few Las Vegas short sales that were with Bank of America have been approved faster than in the past so great strides have been made since quite a few years ago.
I also previously reported on Bank of America's new form:
There is also a new buyer's acknowledgment form as well. Sellers will also have to fill out and submit a 4506-T. These forms must be completed when submitting the short sale in Equator.
The timeline for the approval letter should start after all the documents and tasks have been completed and uploaded to the system, but as always all parties involved will need to have the patience to bear out the short sale process and as I always say: "No two short sales are ever the same regardless of the bank you are working with".
Call (702) 812-4550 to Sell your Las Vegas home.
Las Vegas Short Sales | Bank of America Short Sales Update | Las Vegas Short Sale Specialist