Hi Folks. I sent out a Poll yesterday trying to determine who Short Sale Agents from around the Country believe to be the worst Short Sale Lender. Bank of America won the title of Worst Short Sale Lender with 27% of the votes!!
I guess this isn't much of a surprise. Bank of America has been trying hard to turn it around by offering training to agents and using systems like Equator to make things easier. BUT......I guess it just ain't working. Why is that?
Is it because of all the old Country Wide loans they took over? Is it due to the sheer volume of bad loans they are servicing?
My personal experience with Bank of America is that they are far easier to work with than they were a few years ago. At least they answer the phones!! They've also approved every short sale I've worked with them. Some were approved in 45 days or less and a few took well over a year. But they were approved.
I don't really know why they get such a bad wrap.
Maybe we can help them. After all it is certainly to our advantage for Bank of America to be better at processing Short Sales. So I ask you.....What can Bank of America do to improve their short sale processing and reputation? Any ideas?
Are you facing foreclosure in Florida?