Breaking News: New Bank of America, Countrywide Short Sale Process Announced!
Guest Bloggers Kim and Kris Darney share with you the new BOA/ CW Short Sale Process…
Bottom line, Short Sales ARE the listings to have in this market.
Remember, its NOT too late for YOU to learn the new, faster techniques to easily list and sell Short Sales. In this market knowing how to do Short Sales in no longer optional. Watch the FREE Agent Short Sale Secrets video and then..download your FREE Agent Short Sale Secrets book.
Say it ain’t so…
Bank of America/Countrywide are coordinating with an outside company REOTRANS to manage and streamline the Short Sale process.
After months and months of crys and moans over the BofA 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.
Kim and I heard rumors of this at 5 Star Convention in Fort worth. Low and behold, Kim was on a call with a BofA agent yesterday and it was confirmed. 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.
Not many times I have praised Bank of America, however, this is fantastic news and we hope that other banks will fall in line.
God Bless the short sale.
Now go sell…
Kris
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Will lenders require Realtors to be a Certified Distress Property Experts in order to list short sales with them?
If you mean that new company offering ‘designations’….CDPE…I am sorry of you were led (or misled) to believe that you needed their designation.
You absolutely don’t need their ‘designation’.
The info you are learning (or will learn) from HREU will more than prepare you for…what we are calling…”The Year Of The Short Sale, 2010″
Hope this helps!
Tim
I am a member of the short sale class. You tell us to go to the blog and print out info like the ten things that the GTreasury Department is doing to streamline and give incentives to lenders and sellers but I can not find what you talk about, and the same thing with the B of A info on their new process. please help.
Thanks