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Bank of America: What do I need to know about my automatic email status notifications?

Bank of America: What do I need to know about my automatic email status notifications?

BAC Home Loans Servicing, LP., or Bank of America, wants you to know what all those auto responders mean. In a recent email sent out on August 17, 2010, BAC sent a message about the changes that had taken place over a month ago on July 15th to their partner’s...
BankUnited: We’ve lost our ability to do our own short sales! National Quick Sale picking up their slack.

BankUnited: We’ve lost our ability to do our own short sales! National Quick Sale picking up their slack.

BankUnited, along with becoming defunct, has ceased completing it’s many of its own internal servicing procedures it has offer its investors in the past. One of the latest is that they are no longer processing short sales. In a strange turn of events BU is now...
BAC Home Loans Servicing, LP: Bank of America Short Sale Information: Awaiting Valuation

BAC Home Loans: After B of A receives the counter offer how long before I hear a response?

This is often a question that we receive from our clients and the Agents we work with. Really, it’s hard to say because it all depends on whether the lender is going to counter back again on any of the terms. Until the offer is submitted to the investor anything...
Bank of America: How long before they respond using Equator?

Bank of America: How long before they respond using Equator?

Due to our volume of business with Bank of America we frequently get asked approximately how long it takes us to process a short sale with Bank of America or BAC Home Loans Servicing, LP and, like most lenders, who have a very large volume of short sales (which is...
MHA/HAMP/HAFA: Harsh rules leaving many homeowners in trouble.

MHA/HAMP/HAFA: Harsh rules leaving many homeowners in trouble.

Many times these programs that we deal with for our clients change for the better but there are also certain times that they change for the worse. I guess only adding insult to injury is that fact that it is our own government, supported by our tax dollars, making...