Bank of America...still one of the worst!

By
Real Estate Broker/Owner with WHISPERING PINES REALTY 20398180

I have a short sale that I have been working on for over a year.  We are on our 7th representative from BoA.

We have had the offer for just as long.

My seller decided that she had to move and I helped her contact BoA to let them know that if they wanted to winterize to call me and I would let them in. 

I got a rerturn call asking for a copy of the listing agreement which I sent and got confirmation of that.  Mind you, this is all while negotiating for the short sale.

When my listing ran out, I called and informed them that we re-listed the property.  I went to do a routine check as I do and then try and report back to them and found my lock box gone and a new lock box.  3 calls in as many days and now they won't call me back.

I have done 3 deals with these clowns and all have went much the same.  Noe ever got done before 9 months after the offer came in.

From here on out...I am telling the people to run!!!

 

If any of my clients are thinking of using them for a loan I am telling them to RUN!!!!!!!

Comments (9)

Joel Weihe
Realty World Alliance - Wichita, KS
Helping you to use your VA home loan benefits

Hear, hear! I haven'r done a deal with them in over a year because i always recommended to pre approved clients they switch. Bank of America is difficult to deal with. Fortunately I don't do many short sales.

Feb 21, 2013 06:27 AM
Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes
William.....I think we agents should get together and perform a hostile takeover of Bank of America. Honestly, I don't know why our President lets this continue.
Feb 21, 2013 06:35 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Joel...I don't do many either

Jean...Because our president really does not care!

Feb 21, 2013 07:01 AM
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

William, I had one BOA short sale take 19 months, this was before Equator and I had to listen to terrible hold music for ever only to hear no updates on a weekly basis.  The one I'm currently working I've turned over to a law firm to deal with, money and time well spent.  Just as we were nearing the finish line, they sold the loan and we had to start over.  Ridiculous!

Feb 21, 2013 07:17 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Bank of America doesn't want to do short sales. 

Where have we heard that before???  Oh!  From Lenn.

Feb 21, 2013 07:33 AM
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

BoA was known to be troublesome a long time ago. AND I agree that our President and Congress do not give a hoot about anything except themselves

Feb 21, 2013 08:28 AM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Been there, done that and got the T shirt. Is there a letter on the door saying which preservation company is handling this property. You will need to contact them. In my area Safeguard is handling most of the preservation stuff. In one case they even took my lockbox. All the other times it was left for me. I hate this stuff. When's it going to change?

Feb 21, 2013 10:39 AM
Vern Eaton
Askov, MN
Realtor 651-674-7449

Bill, I am glad I pass on these. Just don't seam to be worth the effort.

Feb 21, 2013 11:10 PM
Randi Brammer
Randi Brammer, Acctg. - Hinckley, MN
Accountant & Tax Preparer

I am glad I don't deal with these issues.  But I have clients that have and it isn't nice.

Feb 24, 2013 11:55 PM

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