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My First Short Sale with Bank of America

Posted by Charisse Dancy on May 13, 2011 at 10:34am in Sample Title

Can anybody give me advice on doing a short sale with Bank of America on the listing side? I read the site they state that I can do a short sale without an offer.  An agent stated that I need to bring an offer to get started.

 

Please help!

 

Charisse Dancy

Keller Williams

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Replies

  • Marcy Moyer May 13, 2011 at 5:02pm

    Clarisse,

    They have a program called Bank of America Co-operative Short Sale. Is is similar to HAFA in that they give you a pre-approved price so that is another way to get the short sale started before you get an offer.

  • Ann Beetham May 13, 2011 at 12:52pm
    You can initiate a short sale without an offer on Equator.  The instructions are on the site that you saw https://realestateagent.bankofamerica.com/shortsale/Default.aspx .  Bank of America will then review the file for both HAFA and any other programs that the Seller might qualify for.  Please be aware that if the seller qualifies for a program they will contact the Seller to get their approval.  Bank of America has been very responsive on my Short Sales lately.  
    • Charisse Dancy > Ann Beetham May 13, 2011 at 3:22pm
      Ann, thank you sooo much! I did read on the sight that they will respond in 10 days if I don't have an offer.  If I do have an offer it would be 48 days before they respond.  Have you had that experience?
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