Bank of America announced this week that they are making some changes to their short sale process.
Bank of America's changes are reportedly going to shorten time frames, perhaps in HALF.
One change Bank of America did a while ago was when they instituted Equator. Equator has been a huge benefit for those of us who do short sale on regular basis.
One of the big changes is to protect the seller's privacy of information. A new 3rd Party Authorization will allow only licensed Real Estate agents to talk to Bank of America.
The Second item to change is where SPEED will come into play.
Bank of America Short Sale's used to be a step by step process, step 1 had to be completed before step 2 could be done, etc... now those steps will be able to be done simultaneously. YIPPEE.
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