Phillip Auguste
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  • Charlotte, NC
  • United States
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Phillip Auguste's Discussions

BOA Short Sale

Started this discussion. Last reply by Angela Alfe Jun 24, 2011. 9 Replies

I'm having a difficult time getting in contact with a negotiator from BOA to review offers on a listing, after submitting several offers in the Equator system it just kicks back offers that does not…Continue

Tags: Property, Management, Estate, Real, Sale

REO Opportunity

Started Jun 15, 2011 0 Replies

Does anyone know how I can get the opportunity to list REO listings?

Tags: Property, Management, Estate, Real, Short

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Latest Activity

Ray Burgess commented on Phillip Auguste's blog post BOA Short Sale Problems
"Phillip...prior to writing my comment below, I had just sent a tweet to BOA.  8 Days of constant unresponsive calls to the closer, unanswered emails, and messages to supervisors, I just got off the phone with the closer to discuss the issues at…"
May 13, 2013
Deborah Espinoza commented on Phillip Auguste's blog post BOA Short Sale Problems
"BofA and Nationstar now use Auction.com for selling their short sales- doesn't matter if you already have a buyer with an accepted offer- they will pull it and make you use Auction.com.  Nationstar just did this to me and we were days away…"
May 13, 2013
Robin A. Giraud commented on Phillip Auguste's blog post BOA Short Sale Problems
"I processed a short sale with Bank of America that took more than 11 months to get approved and closed!  The only way that I received a response from any negotiator or specialist working on the file was to include the president of BoA in my…"
May 13, 2013
Sandy Valenzuela commented on Phillip Auguste's blog post BOA Short Sale Problems
"Did intake with client on a new bofa (usda w/offer) short sale March 23rd. It took multiple phone calls, tweets,escalations and we FINALLY got short sale initiated in equator May 7th!  In 5 years the only short sales I have had fail…"
May 13, 2013
Ray Burgess commented on Phillip Auguste's blog post BOA Short Sale Problems
"Oh...and I forgot to add, BOA would have made more money on the 1st offer submitted over a year ago than what they are making on the 7th, in an INCREASING market."
May 13, 2013
Ray Burgess commented on Phillip Auguste's blog post BOA Short Sale Problems
"Phillip, I am currently working a BOA FHA short sale and it has been a total nightmare.  17 months, 7 different negotiators, 7 different offers..and I'm on my second closer which is not returning my calls.  I represent the seller and…"
May 13, 2013
John E. Rodzos commented on Phillip Auguste's blog post BOA Short Sale Problems
"Phillip, I had a short sale working with BOA. The negotiator said you should have a approval Friday PM or by next Monday. Monday came and the negotiator apologize profusely and said that BOA sold the servicing to GreenTree two weeks ago. Had to…"
May 13, 2013
Lisa Caccavella commented on Phillip Auguste's blog post BOA Short Sale Problems
"Sounds like a BOA / FHA file which take forever.  Escalate right away by emailing an authorization form to HUD's National Servicing Center at customerservice@deval.us    then call  (877) 622-8525   to get…"
May 13, 2013
Carol Gilles commented on Phillip Auguste's blog post BOA Short Sale Problems
"NationStar is switching over to Auction.com for it's marketing of our short sale listings. I have one right now. We had a buyer - negotiated with Nationstar .. and then nothing for about 3-4 weeks. Lo and behold...here comes Auction.com!…"
May 13, 2013
Jacqueline Trump Hockenbury liked Phillip Auguste's blog post BOA Short Sale Problems
May 13, 2013
Mary Kivett commented on Phillip Auguste's blog post BOA Short Sale Problems
"We have a short sale we have been working on Since October 2012.  First and Second Mortgages were originally with BOA.  Then they switched the servicing for the 1st mortgage to Resurgent Mortgage and at the last hour sold the 2nd to…"
May 13, 2013
Jacqueline Trump Hockenbury commented on Phillip Auguste's blog post BOA Short Sale Problems
"Patience and diligence.  If you cannot not get through to them on Equator, call the negotiator.  Also keep in mind once they do the appraisal/bpo, they will sit on it for a month most times.  Email them, call.  It does feel like…"
May 13, 2013
Gene Perez commented on Phillip Auguste's blog post BOA Short Sale Problems
"In california .. they B of A have settlement agrement with the state of Ca.  so I get the CA. attorney General, involved. which I have used a few times they will actually contact B Of A on what is the issue.  Not sure about your state…"
May 13, 2013
Karen Jason-Gill commented on Phillip Auguste's blog post BOA Short Sale Problems
"I was approached by Dignified Transition Solutions to list a property. They, via Bank of America, gave me the list price and said it was a "streamlined process". What madness! I gave them an over full price offer and just waiting for an…"
May 13, 2013
Ro Reed commented on Phillip Auguste's blog post BOA Short Sale Problems
"Phillip, For BOA I suggest you tweet their team ‏@BofA_Help  .  They will ask for you to DM them the info.  As far as NationStar they do usually respond to my requests through Equator---I just happen to think their…"
May 13, 2013
Lynn Millen commented on Phillip Auguste's blog post BOA Short Sale Problems
"We have an offer in with BofA now and have had it for 3 months and they still take forever to get back. When they say something needs to be corrected, I have it back to them that day. Then it takes 2 - 3 weeks to get them to respond back to…"
May 13, 2013

Profile Information

Occupation
Realtor, Real Estate Broker, Other
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Residential Real Estate, 1st Time Buyers, New Construction, Relocation, Short Sale, Bank Owned properties (REO), Property Management.
Website
http://phillipaugusterealtor.com
Short Sale Designations and/or Special Training
HRC (Home Retention Consultant)
Short Sale Transactions Completed
0-5
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?
I managed commercial Real Estate, but haven't sold any
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Allen Tate Realtors
Broker/Realtor/ARM · Jan 2005 to present · Charlotte, North Carolina
My name is Phillip Auguste and I am a licensed broker in Charlotte, NC& SC. Our state is stable, and is ranked, as one of the best places for baby boomers, young professionals, and retiree’s to retire. If you are interested or wanting to learn more about in Charlotte, NC please click here to sign up on 1st to know: http://www.PhillipAugusteRealtor.com/
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February 24, 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!
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BOA Short Sale Problems

Posted on May 9, 2013 at 9:30pm 17 Comments

I've been working on a BOA short sale since last year we've submitted all the requested documents, and can't get an answer from them for an approval, We've had 3 negotiators and none of them have responded to our inquiries any suggestions? I'm also working on another short sale the lender is Nation Star Mortgage this one is going through equator we've submitted all the docs, and can't get any updates. 

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