Bank of America made me RETIRE

By
Real Estate Agent with Keller Williams

I closed on a Bank of America Short Sale this past Tuesday. I know, I know...there have been rumors that Short Sales and BofA are not friends, but I was able to get one through.

Here is my dilemma...

Should I retire? Should I go out on top?

Cal Ripken left baseball at the right time and his legacy is intact...Jim Brown left football and his legend grows every year. I might be the agent to get a Short Sale approved from BofA...ever. That must be worth a star in Hollywood, right?


It can't be possible that there could be another BofA closing in my future? It's like winning the lottery...TWICE!

Well, my mind is made up! The office has given away desk, the cake is on order and the balloons are already being filled with helium. I'm going out while the going is good!

But wait....I got another call today from a rep at BofA...are they sending me a retirement gift? No! I got another approval from BofA...Wow! It can happen! Bank of America does approve Short Sales...RETIREMENT IS OFF (after I get my piece of cake)

Hang in there fellow agents...there is a chance you too can be celebrating an Approved Short Sale from Bank of America keep positive, and keep your eye on the prize. Don't let negativity cloud your professionalism and remember there is a family counting on you.

Posted by

Sidney Jimenez, CDPE

www.RoadtoForeclosureRelief.com

www.SidneyJimenez.com

Contact Me: 954-665-9449

Or Send Me an Email to Go Over Your Foreclosure Relief Options: Info@SidneyJimenez.com

Sidney Jimenez is a Certified Distressed Property Expert and can help you with all your options to avoid a Foreclosure in Pembroke Pines, Miramar, Coral Springs, Margate, Davie, Weston, Southwest Ranches and the neighboring cities in South Florida. You can count on Sidney’s expertise to handle your Short Sale, he’s “Delivering Winning Results”

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Ambassador
1,892,934
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Absolutely QUIT NOW!  Send your license back to the your state and bask in the glory.  In fact I would suggest a multi-million dollar book deal is in your future as well :-)

Sep 23, 2009 07:24 AM #1
Rainmaker
1,004,473
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Sidney:  Actually, we Browns fans called him Jim Brown.  But... yes, retire.  How can you do better than actually close a BoA short sale.  There is nothing left.  No more feathers to put in your cap.  So, yes... take the rest of your life... OFF.  And... congratulations !

Sep 23, 2009 07:34 AM #2
Anonymous
Tracy Otsuka

Sidney, did the short sale agreement have deficiency judgment language in it and/or require a promissory note?

Sep 23, 2009 11:37 AM #3
Rainmaker
402,922
Stephen Arnold
HomeSmart Elite Group - Scottsdale, AZ
CRS, GRI, SFR

Time Frames??  How did they handle the 2nd's/Heloc's?  Give us some details!!  I've got five in escrow with BofA and not making any traction!!!!  All the best!!

Sep 23, 2009 12:06 PM #4
Rainer
87,621
Robin Dahlstrom
Re/Max Westside Properties - Marina del Rey, CA
CRS

Beyond a shadow of a doubt...RETIRE!! Major kudos for having accomplished what you have, so stop while you are ahead.

Sep 23, 2009 12:28 PM #5
Rainmaker
178,507
Steve Mun
Keller Williams Silicon Valley - Santa Clara, CA
Silicon Valley Realtor

I hope you are right  Sidney.  I have a BofA short sale I am negotiating right now.  I may have to conside retirment as well......

Sep 23, 2009 05:34 PM #6
Rainmaker
520,305
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Sidney - That is really funny!!  My area has MOST of the short sales with BOFA!  I am used to their wayward ways, if that is possible?  However, I am on my record (not wanted) pendig approval of over SEVEN MONTHS!!

Sep 24, 2009 11:58 AM #7
Rainer
32,233
Sidney Jimenez
Keller Williams - Miramar, FL
CDPE, Short Sale Expert, 954-665-9449,

TRACY--They wouldn't release their right to Deficiency but these were both investment properties and I don't think too many Lenders will waive that these days, it's hard enough for a Primary Residence. They both received substantial cash to eliminate any note but again their right to Deficiency is in tact so that is a moot point.

STEPHEN--If your clients have some cash they may be able to buy the requirement for a Note, if not it seems these Lenders are willing to let the deal fall. If they don't have cash, then it seems there is a tough fight ahead of you to close the deal in your terms. It seems these days we have to be more open to compromise and look at the picture...it is also very significant the area you are from.

WENDY--We just closed one with Aurora that took us 17 months. Both BofA's were over 6 months. They have been buying up a lot of these mortgages and they will no doubt have the biggest portfolio of these toxic loans. Jeez!

STEVE--Hang in there!

It seems the rest of you are angling for some market share..eh!

Sep 25, 2009 09:26 AM #8
Rainmaker
1,079,273
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Sidney, hang in there! I know it's tempting to go out on top, but people need you! Not every agent can get these deals closed but you have what it takes.

Oct 05, 2009 05:28 AM #9
Rainmaker
161,892
Satar Naghshineh
Satar - Amiri Property and Financial Services Corp. - Irvine, CA

Sidney - Time for you to come back! Equator is working great and we are getting faster responses with companies like REDC and Titanium Serviceswho is handling the Freddie Mac and Fannie Mae loans in California.

 

Jan 05, 2010 02:22 PM #10
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Rainer
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Sidney Jimenez

CDPE, Short Sale Expert, 954-665-9449,
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