Agent Alert: Bank Of America Short Sale Process Change

By
Real Estate Agent with Starlight Realty Certified REO & Short Sale Specialist

Bank of America Standardized
Third-Party Authorization Form

 

Previously, Bank of America accepted Third-Party Authorization forms in differing formats and from a variety of sources when transacting a short sale. Recognizing a need for greater compliance and consistency with this important document, Bank of America has now developed its own form to standardize the third-party authorization process. This two page document requires signed acknowledgments from all borrowers and designated representatives in a short sale.

 

Action Required

For the next few weeks, Bank of America will continue to accept other third-party authorization documents. But beginning April 14, we will accept only the officialBank of America Third-Party Authorization Form for short sales.

The form is now available on the Agent Resource Center at bankofamerica.com/realestateagent. You’ll have a grace period to transition to the new form before it becomes mandatory on April 14.

Comments (1)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Sengdao,    changes are always coming about....thanks for sharing with us in ActiveRain Land.

Mar 21, 2012 04:16 AM

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