Short Sale Update: HAFA Process Improvements
Bank of America is making a process change that will reduce cycle time and improve customer service for many short sales that are submitted with an offer. The change goes into effect Dec. 1, 2011, and impacts all short sales submitted with an offer in which the homeowner is eligible for the Home Affordable Foreclosure […]
Bank of America’s New Short Sale Processing Software
In an effort to streamline their processing of a half-million short sales, Bank of America has announced that all short sales must now be processed through the Equator online transaction manager regardless of the file’s proximity to approval. Effective March 1, 2010, all properties secured by a Bank of America loan must be uploaded electronically. […]