My disclaimer: I'm not an attorney or a CPA. I just do a lot of short sales and therefore have formed an opinion. And you know what they say about opinions!
3 weeks. That's it. I'm stunned. We have an extremely organized well run team around processing short sales. We have a full time negotiator and a host of other team members to get these things through, but a response from Bank of America in 3 weeks??? That's amazing. It's also our 6th approval from Bank of America in the last 2 weeks. It really seems like they are making a concerted effort to get the process streamlined.
Now. . . if someone could just explain to them that due to how our state laws are written, they need to provide assurances to our clients in their approval letters that they won't pursue a deficit judgment. Some of my clients are considering letting their homes go to foreclosure due to BofA's stance on this issue.
Don't know what I'm talking about? Give us a call. 503-270-5587
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