This is amazing news about Bank of America, who, in the past has been known to NEVER release sellers from a deficiency unless they were in the HAFA program! YAY! Great news for BOA short sale sellers!
And the approval letter reads: "Upon receipt of the agreed amount, BAC Home Loans Servicing, LP, and/or its investors will waive the remaining balance due on the above referenced loan and release the borrower from further obligation therein, and waive all rights to pursue further judgment or deficiency.
Today was a good day for all Borkers, agents and sellers who have devoted much of their time and lives so we could get to this point! :)
Help lots of people and have a great day!
Copyright © 2008 - 2010 By Patty Da Silva, CDPE©. All Rights Reserved.