This just in… Bank of America/Countrywide are coordinating with an outside company REOTrans.com to streamline their Short Sale process.
After months and months of cries and moans over the B of A short sale…we’re getting news that there has been a grouping of these to entities to assist in the processing of open short sale files.
It will be select files at first…the agent could not speak specifically about the process or what fiels would qualify.
A few things we do understand is that it will be an online process…taking the endless calling to BofA negotiators out of the loop will undoubtedly allow for considerable time savings alone.
This news is on the heels of a report or remider that BofA has bout $23Billion (from Countrywide) in Pay Option Arms at risk.
This is great news for Fresno homeowners who have Bank of America/Countrywide. In the past they have been the absolute worst lender to deal with. Now it looks like they may be one of the best.
Thx. Hope to see some more information in future. Auther is the best
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