That's right. As of 14 April ONLY licensed real estate agents, real estate brokers and attorneys will be able to talk to Bank of America about Short Sales. And they must be licensed in the State where the property is located.
Now since I personally handle all of my own Florida Short Sale negotiations this will not be an issue for me. But what about others that have assistants or staff that communicate with the lenders on their behalf? What about 3rd party negotiators that work in multiple States where some may not require licensing to negotiate short sales?
The new Bank of America 3rd Party Authorization Form is causing quite the stink in the short sale world. It will be interesting to see how it all plays out.
Check it out and let me know your thoughts.
By the way, I AM a licensed Florida Real Estate Broker and CAN negotiate any of your Florida Short Sales with Bank of America or any other Lender. Call me.
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