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Lynn Garrison-Illescas commented on David Gubler's blog post Bank of America Short Sales - Delegated or Non-Delegated?Bank of America Short Sales - Delegated or Non-Delegated?
Explaining the mechanisms of a beauracratic giant like Bank of America might be an exercise in futility. For those of you (sellers and agents) working a short sale for which Bank of America is a lienholder some basic information will "illuminate" their short sale process.First of all Bank of America is a servicing company. They rarely own the note on the property. An investor owns the note and the investor has to agree to the short sale.Bank of America has three different types of servicing…See More
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David Gubler's Blog
Bank of America Short Sales - Delegated or Non-Delegated?
Posted on March 8, 2010 at 5:01pm 1 Comment 0 Likes
Explaining the mechanisms of a beauracratic giant like Bank of America might be an exercise in futility. For those of you (sellers and agents) working a short sale for which Bank of America is a lienholder some basic information will "illuminate" their short sale process.
First of all Bank of America is a servicing company. They rarely own the note on the property. An investor owns the note and the investor has to…
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