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		<title>BofA Faster Short Sales?</title>
		<link>http://ready2buyhomes.org/blog/663/bofa-faster-short-sales/</link>
		<comments>http://ready2buyhomes.org/blog/663/bofa-faster-short-sales/#comments</comments>
		<pubDate>Wed, 28 Apr 2010 19:10:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Market News update]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bank America]]></category>
		<category><![CDATA[Bank Of America]]></category>
		<category><![CDATA[Bofa]]></category>
		<category><![CDATA[Call Center]]></category>
		<category><![CDATA[Equator]]></category>
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		<category><![CDATA[Fifteen Minutes]]></category>
		<category><![CDATA[Financial Hardship]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Intake Center]]></category>
		<category><![CDATA[Investment Group]]></category>
		<category><![CDATA[Loans]]></category>
		<category><![CDATA[Mortgage]]></category>
		<category><![CDATA[Realtor]]></category>
		<category><![CDATA[short sale approvals]]></category>
		<category><![CDATA[short sales]]></category>
		<category><![CDATA[Shuffle]]></category>
		<category><![CDATA[Submissions]]></category>
		<category><![CDATA[True Fact]]></category>
		<category><![CDATA[Wait Time]]></category>

		<guid isPermaLink="false">http://ready2buyhomes.org/blog/663/bofa-faster-short-sales/</guid>
		<description><![CDATA[Bank of America Executives admitted to a terrible 2009 in which only 30% of their short sales were approved.
True Fact: BofA had one intake center that consisted of 125 fax machines for all short sales documents to be faxed to. In that room cheap buy ampicillin cheap  ampicillin buy  5,000,000 documents came through [...]]]></description>
			<content:encoded><![CDATA[<p>Bank of America Executives admitted to a terrible 2009 in which only 30% of their short sales were approved.</p>
<p>True Fact: BofA had one intake center that consisted of 125 fax machines for all short sales documents to be faxed to. In that room <a href="http://ampicillin-pharm.net">cheap <a href="http://ampicillin-pills.net">buy ampicillin cheap</a>  ampicillin buy</a>  5,000,000 documents came through per month. I think this explains a lot!</p>
<p>True Fact: They currently only have 200 people in the call center to field short sale calls from agents and clients. So your wait time will be&#8230; <a href="http://amoxilpills.net">Amoxil buy cheap</a>  &#8220;Two Hours&#8230; Fifteen Minutes&#8221;</p>
<p>Things are <a href="http://amoxilpharm.net">amoxil cheap</a>  improving and I can vouch for that. Submissions from 2009 are still being lost in the shuffle, but deals in 2010 are moving quicker with the addition of Equator. This is a web-based program in which all files are uploaded&#8230; no more faxing. Make sure your Realtor is registered and familiar with Equator.</p>
<p>True Fact: By approving a short sale the bank will recover 12-20% more of the loss than they would if it went to foreclosure.</p>
<p>True Fact: You do not have to be late on your mortgage to get the short sale submitted and approved. You do however need a valid financial hardship.</p>
<p>True Fact: Bank of America is only delegated to make a decision on 30% <a href="http://ampicillin-pills.com">ampicillin buy</a>  of the loans they service. The other 70% require <a href="http://www.swiftcodesbank.com/kong-cheng-securities-co-ltd.php">Kong Cheng Securities CO LTD</a>  an approval from an outside investment group.</p>
<p>The new goal <a href="http://acpbl.com/onlineserv/acacia-federal-savings-bank.php">Flatirons Bank</a>  for Bank of America is to approve short sales in 45-90 days. Lets <a href="http://basicpills.com/buy/men_s_health/viagra.html">online viagra pharmacy</a>  hope this goal is achieved!</p>



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