Bank Of America Escalations

Bank Of America, Blogs

Bank Of America Dedicated Agent Process Discontinued Bank Of America Escalations have just got more difficult as they have discontinued their dedicated agent process. Escalation specialists were assigned to certain agents and groups who handled a large volume of short...

Bank Of America HELOC

Bank Of America

Bank Of America HELOC Short Sale Help A Home Equity Line Of Credit (HELOC) is typically serviced in a HELOC department by the mortgage servicing entity. When processing a short sale with Bank Of America they use equator to facilitate their transactions. If the...

BAC Addendum

Bank Of America, Blogs

What is the BAC Addendum? The BAC addendum is a Bank Of America lender specific form required to be executed in order to facilitate a short sale. The BAC addendum consists of Bank Of America’s Short Sale Purchase Contract Addendum and Real Estate Licensee...

FHA Equator Bank Of America

Bank Of America, Government SS

FHA Equator Short Sale Processing Rolled Out The world of short sales are always changing; the guidelines and the mortgage servicers systems evolving. A news letter was issued sometime last month from Bank Of America stating that FHA short sales would now be processed...

Bankruptcy Short Sale

Bank Of America, SS Processing

 Bankruptcy Short Sale What happens to the short sale if the seller files for bankruptcy? •Lender can review a short sale offer while the loan is in an active bankruptcy. However, to complete a short sale and issue the approval letter, the bankruptcy documents must be...

Soft Decline And Hard Decline In Equator

Bank Of America, Blogs

What Is A Soft Decline And Hard Decline In Equator Entail When working a short sale through equator with Bank Of America it is important to be familiar with the two types of decline that can happen in equator. The two types of decline Bank Of America refers to, the...