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Finally Bank of America/Countrywide Are Streamlining Their Short Sale Process

BofA-short_saleThis 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.

About Jeremy Smiley

Jeremy Smiley is a life long resident of Fresno CA. He started his real estate career in 2005 after an eight year career in marketing. After graduating at the top of his class at the London Properties School of Real Estate, he quickly earned the “Senior Sales Associate” Distinction. By his second year in business Jeremy had become a Mutil-Million Dollar Producer. At the end of 2007 Jeremy saw the pending real estate decline and decided to jump ahead of the wave of foreclosures and become a "Short Sale Specialist". Since then Jeremy has helped countless families avoid foreclosure and save their credit. Jeremy puts it best when he says "I'm saving our economy and community one family at a time."

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