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Today we are going to chat about Bank of America Short Sales. I realize that we talked about B of A just a couple weeks ago. Nevertheless, I had the occasion to sit in on a webinar with a short sale official at Bank of America yesterday. She had a few very interesting things to say on the subject of Bank of America and what they are doing to help with Orlando short sales. B of A is getting about 50,000 short sale applications each month.
She also talked about something called cooperative short sales. This cooperative short sale initiative is great for potential clients considering Orlando short sales. Essentially, Bank of America wants to be involved from the start of the progression. Typically, 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 receive an offer, you still don’t know if the bank will accept the offer. We lose lots of buyers through this process.
Nevertheless, with the cooperative short sale, the lender wants to help price the home. They will be telling short sale agents and potential customers what the offer must be to meet their guidelines.
I really hope this cooperative short sale thing works out. That being stated, if you have a B of A mortgage and you are considering a Orlando short sale, download our short sale package now. This package is a wonderful 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 without charge. It is just our way of helping Orlando potential customers stay knowledgeable regarding the short sale method and their options to elude foreclosure.
Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando