The hardest part about doing a Bank of America Cooperative Short Sale is gaining the cooperation of a suspicious seller. As a Sacramento short sale agent who closes lots of Cooperative Short Sales in Sacramento on her own, I can tell you without hestitation that the short sale program sounds too good to be true. I realize the sellers will raise their eyebrows and look at me strangely. I mean, get real, you tell a stressed out seller who is underwater, and most likely has substantial assets to protect that he can do a short sale without supplying a hardship letter, no financials, no bank statements, no tax returns, and he'll look at you like: why aren't you wearing a straight jacket?
Every short sale in the cooperative program is a little bit different. Some sellers get a relocation incentive only; others qualify for a HIN Incentive on top of the relocation incentive. It depends on your type of loan, when you took out that loan. You can ask me because I can tell if a seller is likely to qualify. Read more in my professional blog today about Another Amazing Bank of America Cooperative Short Sale.
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