It's been over a year of delays, delays and more delays with my Bank of America FHA short sales but the misery was almost over when I finally got a verbal approval early last week. No later than Monday will you have the short sale approval letter. Well Monday came and went and no letter!
Sent negotiator an email and no response this morning so I called. Unable to reach her I called her supervisor who was kind enough to conference her in and drop off the call. Well, the latest is that so sorry but not its 3-5 days! Oh, we are working on getting the negotiator to be able to issue the short sale approval letter but your file is not iincluded. Probably because its a year old!
I am not surprised by this. Unlike many of its competitors it appears that BOA still has not figured out how to streamline the process. Hopefully, that will change now that they are suppose to be putting FHA short sales on Equator...Something that I was told about last year at one of the BoA seminars when they were touting about how they wanted us to be their preferred partners.
All I can say is, if this is how they treat preferred partners imagine how they treat everyone else! So here's to another case of over promising and under delivering from one of the Too Big to Fail but Not Too Greedy to Get a Handout Banks. Glad that I stopped holding my breath waiting for the final approval letter.