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Real Estate Tips & News

Bob Burkhead

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    Art
    It is true that all (or most) of the banks can be difficult to work with but BofA is in a laguee of their own. The best comparison is against the other big banks and Wells Fargo and Chase are much easier to work with in general. However, each short sale situation is different and a few BofA short sales do go through relatively quickly with limited drama. This may be a function of the investor on the back end but BofA's process is not transparent so there is no way to tell for sure. The bottom line is that their process is much worse for all involved .including for them and their investors since a failed short sale resulting in a foreclosure nets the investor significantly less in the end.
    read more... 10/01/2012

    Read all comments: 1
     

      
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