New Bank of America Short program Launched in Orange County CA

By
Real Estate Agent with Pacific Sotheby's International Realty DRE #01097420

Bank of America recently rolled out a new Short sale program for Orange County Home owners. This new Short sale program is called the Bank of America HPO short sale program.  This is a streamlined program which has been rolled out for certain preferred agents to offer to those home owners which have a Bank of America Home Loan, this includes those who have Countrywide home loans and all their affiliates.

This program is designed to shorten the process and make it simpler for the home owner.  There is no need to qualify, it is designed for those people who have no equity.  Under this new program, approvals should be made in two weeks.

This is an outline for Bank Of America HPO short sale program. If you are have a B of A loan and have been turned down for or loan modification has not worked please don't waste anytime, contact us today at 949-355-3000 or craig@ocmlshomefinder.com  for your free confidential housing consultation.

Take a look at the new rules below as they are pretty clear. We are trained in short sales and have a high success rate.  

* Every short sale seller and agent will be assigned a personal advocate who will shepherd the short sale through, using the new, simple process.  Think of this as your own ‘short sale personal representative'.

* No pre-qualifying, no hardship required.  Being upside down in the house IS the hardship.

* No documentation.

* No bank statements.

* No tax returns.

* No financial worksheets.

* No deficiency judgement.

* No financial contribution from the seller of any kind will be requested.

* Only requirements?  -A listing contract -A purchase contract -An appraisal, though we've been told the appraisal will not have an adverse bearing on the final acceptance.

* 2 WEEK approvals.

This is your best opportunity to move on and get your home sold.  Call us today at 949-355-3000.

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