There Are Three Totally Different Methods To Complete A Short Sale With Bank Of America
Posted on January 1st, 2012
Hello, I am Mark Peek with Keller Williams Real Estate, California’s premiere short sale specialists. I wish to speak to you at this time about Bank of America. A lot of people think that doing a short sale with Bank of America is an uphill battle. I will tell you that I’ve closed a number of short sales with Bank of America and lots of people don’t know there are literally three different ways to close a short sale with Bank of America.
There’s a conventional short sale, a cooperative short sale and a HAFA short sale. The cooperative short sale and the HAFA short sale are actually offering incentives to vacate and fullfill a short sale with them. Sometimes they are providing $3,000 of relocation assistance. Nevertheless, what they don’t seem to be telling you with these applications is they solely give you four months to market this property at their value. If that value would not work, they force you to do one thing called a deed in lieu of foreclosure. A deed in lieu of foreclosures is actually the same in your file as having a foreclosure. It’s a voluntary foreclosure.
So, when you have a short sale with Bank of America, earlier than you decide to move ahead with that, you definitely want to give me a call. There may be positively a greater option to go about finishing a short sale with Bank of America that will not give the financial institution as a lot power and can help you close the short sale successfully.
Once more, Mark Peek with Keller Williams Real Estate, California’s premiere short sale specialists. Contact me at this time so I can answer any questions you may have. Thank you.
For more information on short sales and how to Avoid foreclosure, visit the Short Sale Specialist blog or you can also contact the Mark Peek team and get started today.
Tags: foreclosure, Short sale
Filed under Avoid Foreclosure, foreclosure, foreclosure help, short sale |
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