short sale: Investor Owned Short Sales with Bank Of America
- 09/15/11 08:42 PM
I just closed a short sale with Bank of America. We got acceptance and close on the same day. My client was an investor, the subject property a rental for 4 years. My client wanted to know if I can short sale his home. Bank of America has a program called the Co-Op program. No more bank-statements, pay-stubs, tax returns, profit and loss statements. Nada no more .. I did not need a thing. Called DTI. DTI told me what to list the property for. I listed the property got a cash offer. Best part, my client walked away with $3000.00. … (2 comments)
short sale: Short Sale v.s Foreclosure
- 08/28/11 02:14 PM
The decission between doing a Short Sale v.s a Foreclosure should not be difficult. If you have to Choose, do a Short Sale. A foreclosure on your credit report has the same effect as a bankrupsy. There are new short sale programs such as the Co-operative short sale that Bank of America has; The home owner no longer has to provide tax -returns, hardship letters, pay-stubs or bank statements pluss Bank of America will pay the home owner $2500.00 to Co-op into the program. This program is also good for non owner properties. You can also do a stratigic foreclosure more … (1 comments)
short sale: New Bank of America Short Sale Program
- 08/26/11 10:08 AM
Bank of America has rolled out a new Short Sale Program called the Co-opertive Short Sale. If you are a home owner or investor in default in Arizona on a Bank of America mortgage; Bank of America has a program that will give the property owner $2500.00 if you sign up for this program. The property owner no longer has to provide tax returns, pay-stubs and hardship letter. This Co-opertive short sale program expidites the short sale process. … (4 comments)
I just closed a short sale with Bank of America. We got acceptance and close on the same day. My client was an investor, the subject property a rental for 4 years. My client wanted to know if I can short sale his home. Bank of America has a program called the Co-Op program. No more bank-statements, pay-stubs, tax returns, profit and loss statements. Nada no more .. I did not need a thing. Called DTI. DTI told me what to list the property for. I listed the property got a cash offer. Best part, my client walked away with $3000.00. … (2 comments)
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