Short Sale Agent - Another Short Sale in Menlo Park CA- By Experienced Short Sale Realtor Mayra Espinosa (San Mateo County-San Francisco)

Short Sale Agent - Another Short Sale in Menlo Park CA- By Experienced Short Sale Realtor Mayra Espinosa (San Mateo County-San Francisco) 

I am thrilled to announce that one of my short sale listings in Menlo Park, CA has been approved after waiting for three months. Obtaining short sale approval from Bank of America took a little longer than normal because the short sale had to be submitted to the mortgage insurance agency, senior bank management, and/or investors for approval.

Just as we were listing the property, the homeowners found the trustee sale notice (NTS) posted on their door; it was scheduled within 17 days so we had just 17 days to market and sell the property. We immediately listed the property for sale and asked Bank of America to postpone the foreclosure, which they did for us three successive times. The first time we contacted, Tweet now @BofA_Help, and they were very prompt in their assistance. Once we had an assigned negotiator she was able to postpone the trustee sale each time we made the request.

Bank of America Tweet now @BofA_Help group were very cooperative as was Bank of America's short sale and customer relations departments. The sellers and buyers were very cooperative and patient. Before the short sale was approved, Bank of America sent a short sale addendum for all parties to sign. A couple of days later we got the final short sale approval.

Everything worked out just fine because the homeowners were very proactive and started looking for a home to lease when the short sale purchase agreement was ratified and the short sale package sent to the lender. They found a home for rent and are now ready to move in after close of escrow. They are already moving forward with their new lives and reestablishing their credit. Next Close of Escrow…