Another Happy Home Seller - Hampton Park Jacksonville

Bank of America continues to be our largest supply of short sales.  I believe it is mostly due to their takeover of Countrywide back in the day, which gave them a less than favorable portfolio of loans that were defaulting about as fast as Countrywide was making new loans in 2005.  

Regardless, BOA and all their shell companies/affiliated servicing companies continue to work through the massive amount of home owners seeking short sale.  We've had great success with them as we've been able to set up processes to handle their ever changing process......and we've found the right inside people to go to with escalation request.  Having an inside person always helps!

One great thing about a Bank of America Short Sale:  They are almost always pushing for these to go with a HAFA short sale.  Which means Bank of America is relieving Sellers/Home owners of the potential deficiency balance.  Don't expect this, but it is happening on a very very high percentage of short sales.

How to short sale

Should you short sale?  If you must move and you owe less than the home is currently worth....yes, you should short sale as you don't really have much of a choice.  Unless of course you want to become a landlord and potentially make up the difference in rent to mortgage payment every month.  

Posted by Brad Officer on
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