"I think from the replies you posted below you already unlocked that box lol Good luck :>)"
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Anon_Negotiator replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales
Elva Branson-Lee replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"Update: From the BOA webinar on this week, I picked up these facts of the program.:
Must initiate by end of 2012.
Does not apply to FHA/VA loans. Nor commercial. (HAFA has been extended through the end of 2014.)
In some cases, investor…"
Elva Branson-Lee replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"I can see this move as beneficial to all, if BOA will provide enough "assistance" to cure those liens that cannot be otherwise addressed according to investor or other short sale "guidelines."
"
Elva Branson-Lee replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"Thanks for this update, @Anon_Negotiator. It's good to know that some of our short sales in progress might qualify for the assistance. How do we find out if they do?
"
Anon_Negotiator replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"This is a pilot nationwide program that offers delinquent mortgage customers increased assistance with relocation expenses – from $2,500 to $30,000 – at the completion of a qualifying short sale.
To qualify for the enhanced…"
Cami Pinsak replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"I had a coop shortsale offer countered today to increase the seller incentive from $2500 to $6800. On non-owner occupied! Like I said - there are pigs flying somewhere!"
"Here is the email from BOA in full
Short Sale Relocation Assistance Program: Your clients could receive $2,500 to $30,000 in relocation assistance
Your financially distressed clients want to avoid foreclosure. You want to help them. So do…"
Jorge Guillen replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"I did call the short sale help line myself, once I gave them the Loan Number they replied it does not qualify due to "Investor not participating with the program"; when I asked who the Investor was they said they could not give me the…"
Tinarsha Rosita Brown replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"My understanding is the property must not currently have an offer, not currently listed and homeowner previously applied for loan mod and was denied.
Keep in mind it say's the seller can receive 2,500-30,000. We know BAC isn't going t give…"
Paddy Deighan, JD PhD replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"you can initiate a short sale without an offer in hand...I do not recommend it because it can result in a lot of time with no benefit but you can do it"
JILL BERNI replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"It said" homeowner must satisfy all Jr liens." Does this mean HAFA isn't
contributing to Jr Liens?
"
Joy Baker replied to Elva Branson-Lee's discussion BOA Enhanced Relocation Assistance LIMITED TIME program? in the group Bank of America Short Sales"This is for HAFA short sales or BAC Cooperative Short Sales Only."
Elva Branson-Lee added a discussion to the group Bank of America Short Sales
BOA Enhanced Relocation Assistance LIMITED TIME program?
I got an email from BOA today announcing this approved price short sale program with seller incentives, but found it a little confusing. Called the helpline number provided for help, but the CSR didn't know much about it either. Am I understanding correctly, that I can initiate a short sale now WITHOUT an offer in hand or a preliminary HUD1? See More
Elva Branson-Lee joined Mike Linkenauger's groupBank 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.
Elva Branson-Lee replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"Amen, Sister!"
Elva Branson-Lee replied to Paul Antonelli's discussion How are agents charging for their short sale processing fees"All of the lenders that I've worked with have flat out refused to pay more than 6% commission. And only one has honored my minimum fee.
How is it that they can "set" an across-the-board commission standard in their guidelines, but we…"
Profile Information
- Occupation
- Realtor
- Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
- South metro Atlanta, GA: Henry County, Fayette County, S. Dekalb County, S. Fulton County, Clayton County, Coweta County, Spalding County, Ellenwood, Stockbridge, Jonesboro, Fayettevile, Atlanta, College Park, Union City, East Point, Morrow, Riverdale, Rex, McDonough, Locust Grove, Hampton, Lovejoy, Conley, Forest Park, Decatur, Stone Mountain
- Short Sale Designations and/or Special Training
- CDPE (Certified Distressed Property Expert), Equator Certified
- Website
- http://BestAtlantaShortSales.com
- Short Sale Transactions Completed
- 10-25
- Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
- no
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Elva Branson-Lee is a licensed real estate professional and short sale specialist with Solid Source Realty GA. Not every agent knows how to successfully and thoughtfully transact a short sale in today’s volatile real estate environment. Elva Branson-Lee is one of the few who do.
As a dedicated short sales specialist, Branson-Lee doesn’t merely assist in selling properties, she takes every opportunity to be of service to clients who are facing difficult circumstances and a challenging market.
Branson-Lee is an Advanced Certified Distressed Property Expert® (CDPE), a real estate professional and pre-foreclosure specialist with the specialized training and expertise required for these unique and complex transactions. She is the principal of the Best Atlanta Short Sales team and a leader in the field. Her skills include up-to-the-minute knowledge of best practices in short sales and other options available to homeowners to avoid foreclosure. As a proven short sales specialist, Branson-Lee is able to provide solutions for homeowners facing hardships in today’s market.
Sellers and buyers who elect to work with Elva Branson-Lee benefit from the expert services of a proven Specialist with advanced knowledge about all aspects of the distressed property market. As an Advanced CDPE, she is committed to staying abreast of new developments in the field in order to manage complex transactions with Sellers, Buyers, Lenders, Homeowners’ Associations, and Attorneys.
Nationally, CDPEs successfully close over 70% of their Short Sales. In the metro Atlanta Real Estate Market, where more than half of all transactions are now distressed sales, these complex processes benefit from Branson-Lee’s particular expertise.
- Put in todays date! This is to help stop spammers!
- March 12, 2011
- PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
- I AGREE
Comment Wall (1 comment)
- At 10:23am on March 12, 2011,
Jen Bowman said… Hi Elva,
I joined a couple of days ago so I haven't seen it as a lead generating site. I think in order to do that I would have to spend some time being active on it. What's your experience been? I hope you're doing well.
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