Comments on: The Longest Short Sale File Ever

By: Kimberly

Kimberly — Tue, 13 Jul 2010 19:31:32 +0000

I’ve been working on a BOA short sale now since February 2009. I’m on my 3rd buyer and Equator has done a better job than the tons of phone calls before. But, they are countering at $130,000 higher than the offer and asking price. That’s also higher than the last negotiations I did. Thanks so much for these videos as I prepare to call the negotiator directly to dispute the value before I lose yet another buyer on this one.

By: Mike Turnquist

Mike Turnquist — Tue, 13 Jul 2010 13:55:01 +0000

I have two BofA files that are 2 years or older. On one the buyer wrote an email to the VP of SS at BofA. It got answered and all of a sudden I got a call from the negotiator. She claimed to have submitted for approval 3 1/2 weeks prior but admitted it has just sat on her desk. I feel like these two files have been around longer than my kids! Glad to know its not just me.

By: Kevin

Kevin — Mon, 05 Jul 2010 16:29:36 +0000

Thanks Josh!

By: Josh Pomerleau

Josh Pomerleau — Sat, 03 Jul 2010 03:41:51 +0000

Great episode and Kevin and Coach

By: Fred Weaver

Fred Weaver — Fri, 02 Jul 2010 17:21:23 +0000

Can you say longest SSPH video ever?

I go out of town for 3 days and you guys take shots at me and film the longest SSPH video on record – WOW!

By: Mike

Mike — Fri, 02 Jul 2010 17:11:01 +0000

I almost turned it off. So eerie hearing you describe MY interaction with BofA! I am working on one right now. We are going from an offer of $238k to $210 in a few months because the bank wanted $255! Now I keep getting my supporting documents rejected for the given reason of: “Other” Just found out “Other” means “Seller’s name is not on the HUD.” But the property address is! Does it REALLY matter if the ESTIMATE has the seller’s name on it in the Grand Scheme of things? I am so close to refusing BofA short sales. They are also buyer name specific- meaning they will reconsider another offer, EVEN if it is the same or more net to the bank, if the buyer’s name changes! How frustrating is that!

By: Rachael Hite

Rachael Hite — Fri, 02 Jul 2010 16:13:09 +0000

I’m working on a BOA file now that I began in July 1 of 2009! Almost exact same scenario- Countrywide sold to BOA, had an approval in home saver, then was told I had to resubmit the file again in Equator. I’m on the second round in Equator and the third buyer!!! Hoping to get this thing closed in August, but now the HAFA program is slowing it down.

By: Guy Lofts

Guy Lofts — Fri, 02 Jul 2010 13:27:52 +0000

I had a BofA deal with exactly the same time frame. Just got it approved and the buyer walked after 15 months wait.
WHY? because the appraisal was not high enough.
Thanks for sharing and letting us know you have the same crap. I still have yet to close a BofA. Almost 100% on other banks.