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.
