Bank Of America Cooperative Short Sale

Posted on Jan 21, 2011 in Short Sale Help | 0 comments

Today we are going to talk about Bank of America Short Sales. I
realize that we talked about Bank of America just a few weeks ago.
However, I had the opportunity to sit in on a webinar with a short sale
executive at Bank of America yesterday. She had some very interesting
things to say about Bank of America and what they are doing to help with
Orlando short sales. Bank of America is taking in about 50,000 short sale
applications every month.

She also talked about something called cooperative short sales. This
cooperative short sale idea is great for homeowners considering Orlando
short sales. Basically, Bank of America wants to be involved from the
start of the process. Normally, in your Orlando short sale, the bank doesn’t
get involved until there is an offer. That can take a long time and when
you get an offer, you still don’t know if the bank will accept the offer.
We lose lots of buyers through this process.

However, with the cooperative short sale, the bank wants to help price
the home. They will be telling short sale specialist and homeowners what
the offer must be to meet their guidelines.

I really hope this cooperative short sale thing works out. That being
said, if you have a Bank of America loan and you are considering a Orlando
short sale, download our short sale package now. This package is a great
way to educate yourself about the short sale process in Orlando. We’ll
follow up with a phone call to make sure that all of your questions have
been answered. There is no obligation when you download this package and
it is free of charge. It is simply our way of helping Orlando homeowners
stay educated about the short sale process and their options to avoid
foreclosure.

Other Short Sale Expert Videos

Leave a Reply

Designed by Targeted Niche Traffic™ (TNT) Lead Generation System | Direct Business Marketing