Brought to you by SANDIEGOHOUSESHOP.COM (619) 354-4636 or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO SHORT SALE SPECIALIST Hugo Sanchez Realtor
SHORT SALE UPDATE WITH BANK OF AMERICA
Are you an agent Dealing with BOFA?
Are you working with a Cooperative Shirt Sale?
You may want to read this one.
This update came directly from BOFA couple days ago.
The Bank of America Cooperative Short Sale Program may be able to help your clients complete a short sale if they owe more on their mortgage than their house is worth and do not qualify for the Home Affordable Foreclosure Alternatives (HAFA) short sale program. This program can streamline the approval process and offers financial assistance to help homeowners with relocation and moving expenses.
As of January 15, 2013, there will no longer be a temporary foreclosure hold during the Cooperative Short Sale property marketing phase. We may begin or continue the foreclosure process up until a submitted offer to purchase the property is approved by all relevant parties. Any existing short sale will not be impacted by this change.
Please remind homeowners to pay close attention to foreclosure notices.To learn more about the program view the quick reference guide on the Agent Resource Center. For questions about active Cooperative Short Sales, please contact your short sale specialist.
If you are a client in need of help please let us know we would love to help you and guide you through the Short Sale Process.
http://www.sandiegohouseshop.com/sell
Do you want to know the Short Sale Facts for Short ?
HAFA program Explained?
Do you Qualify for a Short Sale?
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