Wow! The Light Bulb finally went OFF! BofA Changing Short Sales Policy

By
Real Estate Agent with J. Johnson Investments Group

It look like we will be getting more activity on our short sales now. Please read the article about BofA changing their policy to make it easier for borrowers to sell their homes. All I have to say is, "it's about time".

http://www.financial-planning.com/news/-2661597-1.html

 

Comments (4)

Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Good grief.....they've finally figured out it is best to do shorts instead of foreclosures!!  It is so silly. Thanks for sending the link...........it's what I need for one of my clients.  They can't understand very well, why shorts are so difficult. 

Apr 21, 2009 08:27 AM
Rental Renegade
RentalPropertyRenegade - Phoenix, AZ

Have they "really" figured it out? Or is this another attempt to build the perception they are doing something. I just went through a "nightmare" trying to get an [approved] buyer through the BofA guidelines to purchase a CountryWide REO and they did not approve her for reasons that were not going to be consider under the FHA program she going under. WOW We had an accepted offer (by CW) but did not "cut the mustard" for the BofA guidelines...

Apr 21, 2009 08:32 AM
Angelia Garcia
Pure Realtors - Dallas, TX

It sounds all good but I won't believe it till I see it.

Apr 21, 2009 08:39 AM
Darlene E. Johnson
J. Johnson Investments Group - Beverly Hills, CA

I'm with you Angelina, I'll believe it when I see it. I'm tempted to send this link to my negotiators.lol Since they are always the last to know what's going on.

Apr 21, 2009 08:53 AM