Bank of America Short Sales

Information

Bank of America Short Sales

A place to discuss Bank of America short sale programs and share information and help to get mortgage short sales approved.

Website: http://www.short-sale-specialists.com
Members: 1029
Latest Activity: May 27

Find A Bank of America Short Sale Realtor

We are NOT Bank of America. If you are a confused agent, CLICK HEREto be put on the right track.  The report below is for consumers who are interested in "How To Do A Short Sale" or those who are interested in finding a Bank of America short sale agent.


How To Short Sale A Home


Bank of America Short Sales

Below are all of the contact numbers needed to do a short sale with Bank of America. Visit www.short-sale-specialistsif you need to find an agent to help with your short sale.

 

800-846-2222
General Info: 800-285-6000
Fax: 716-635-7255
Bank of America Short Sale Department: 866-880-1232
Bank of America Loss Mitigation Department: 800-846-2222
Bank of America Home Retention Department: 800-633-4510
Heloc Fax: 704-208-1350
Charge-Off Dept: 800-851-4032 opt. 2
Short Sale Department for Freddie Mac loans: 877-444-8291, option 4
Foreclosure Department: 800-669-6650
HAFA Phone: 800-669-0102
HAFA Fax: 800-596-8395

 

Bank of America Short Sale Package and Bank of America Short Sale Requirements
(for 2nds and HELOCs only)
Bank of America FHA Loan Short Payoff Request Short Sale Package
 

Bank of America Short Sale Escalation Webtool Quick Reference Guide

Find a local Short Sale Expert!

 

 

Share your information and experiences with Bank of America Short Sales

Discussion Forum

BofA Escalations - any goo dsuggestions?

Started by Olesya Drozdova. Last reply by Rozalyn Franklin Mar 3, 2014. 5 Replies

Hi, I had a pre-approved coop BOA short sale, was waiting for the final approval on the offer we received, spoke to a DTS negotiator, ironed out all the wrinkles, when all of a sudden received a…Continue

Preapproved shortsale

Started by JILL BERNI. Last reply by Douglas Heise Aug 25, 2013. 9 Replies

My seller didn't qualify for HAFA so we switched to the co-op pre-approved price programbefore I put it on the market. I got a call just now from the negotiator who wanted to "warn me"that she is…Continue

Bank of America Co-Op program nightmare

Started by Ana Huffer. Last reply by lynnette shifman Aug 21, 2013. 3 Replies

I have a short sale that I initiated in December.  The seller was accepted in to the co-op program and I was given a suggested list price.  The property was listed and because the sale date was…Continue

Dignified Transition Solutions

Started by Andrew Sawyer. Last reply by lynnette shifman Aug 21, 2013. 8 Replies

what is this?Continue

Bank of America, FHA PFS and Equator

Started by Kevin - Greenville, SC. Last reply by lynnette shifman Aug 21, 2013. 1 Reply

Good Morning!That is a valid rumor! We are testing the system now. About 100 loans that were initiated on Friday were put onto equator. Once we are comfortable with loan performance we will move all…Continue

Tags: america, equator, of, bank, short

Bank of America FHA Loan Short Sale

Started by Terrence D. Langford. Last reply by Terrence D. Langford Jun 19, 2013. 4 Replies

 I listed my client home with (Bank of America) as a FHA short sale. The owner who has defaulted on her mortgage payments and has failed two loan modification guidelines. We have a short sale and a…Continue

Can HIN Bank of America incentive be used to increase the Net (or raise the purchase price?)

Started by Elizabeth Kayser. Last reply by Celeste ODea Dec 3, 2012. 10 Replies

Can HIN BofA incentive be used to increase the Net (or raise the purchase price?).  We've been told by LRC it cannot?Elizabeth Kayser, Esq.Continue

Bank of America Daily Per Diem Charges for Closing Extension

Started by Russ Colomo. Last reply by Ann E Richardson Nov 13, 2012. 1 Reply

I have a COOP approved short sale, buyers have requested two extensions to the original close date.  Approval letter states BofA will charge daily interest through closing for closing…Continue

Tags: america, of, bank, diem, per

Auction

Started by Sharon Sapp. Last reply by Sheyenne Schultz Nov 4, 2012. 22 Replies

I have a co-op BOA short sale listing. We've had a few price reductions since it was listed in Feb, but it's still a bit high. Even cutting my commission, if I lower it any more, they won't make…Continue

Tags: auction, sale, short, BOA

COMMISSION REDUCTION to 4% FOR DUAL AGENCY

Started by Antonio Martinez. Last reply by Garett Chadney, SFR Oct 17, 2012. 6 Replies

Does anyone know the legal way (not using another agent) to get at least 5% or 6% for selling your own listing.Continue

Comment Wall

Comment

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Comment by Ethan Gregory on January 15, 2010 at 3:28pm
Maggie,
They will accept the short sale for a Fannie or Freddie, just be prepared for it to take a few months longer
Comment by Maggie Quinn on January 15, 2010 at 12:49pm
Are there some types of loans such as freddie mac /fannie mae that for the most part won't take a short sale? Or can all loans be a short sale if need be?
Comment by Mike Linkenauger on January 14, 2010 at 11:22pm
We finally had one yesterday where they gave us a counter offer form from the Equator system. It actually compared all of the amounts from the current offer in one column, and then their counter offer in the other. Here is the fun part! Today, after we send them back a buyer counter offer, we get a call from good old Titanium, Inc, saying that it is a Freddie Mac file and they have been assigned the file!!! We are seeing if we may be starting over from scratch on this one!! So in three months, we go from submitting to Bank of America, wasted time, submitting to the new REOTrans system, Now it getting reassigned the day after they finally start negotiating!!! Sounds like the good old bank of america system we know and hate!!
Comment by Ethan Gregory on January 14, 2010 at 6:09pm
BOA has traditionally been trouble but hopefully the new equator system will expedite things. I've had a file submitted to their system for about 3 weeks, we've agreed to terms and I am pending an approval letter shortly!!!
Comment by Jason M Halliday on January 14, 2010 at 5:46pm
Well, the latest and greatest with boa is that they take an eternity to facilitate their short sale. The rumor going around is that equator.com can expedite a boa short sale...has anyone had any success with this...i have 8 with boa and the average is 8-10 months.

thank you,

jason 303.931.2766 colorado
Comment by Joel M Sullivan on January 13, 2010 at 11:36am
Does anyone know what held means on equator ?
 

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Discussion Forum

BofA Escalations - any goo dsuggestions?

Started by Olesya Drozdova. Last reply by Rozalyn Franklin Mar 3, 2014. 5 Replies

Preapproved shortsale

Started by JILL BERNI. Last reply by Douglas Heise Aug 25, 2013. 9 Replies

Bank of America Co-Op program nightmare

Started by Ana Huffer. Last reply by lynnette shifman Aug 21, 2013. 3 Replies

Dignified Transition Solutions

Started by Andrew Sawyer. Last reply by lynnette shifman Aug 21, 2013. 8 Replies

Bank of America, FHA PFS and Equator

Started by Kevin - Greenville, SC. Last reply by lynnette shifman Aug 21, 2013. 1 Reply

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