Bank of America HAFA Short Sale process improvements.
Bank of America sent out a letter today to its preferred short sale agents.It stated that as of Dec 1 2011 they have made changes to their short sale process that will help reduce the amount of time needed to complete a short sale. It read in part…….
” When a short sale is submitted with an offer to Bank of America and the homeowner is HAFA eligible, they will no longer halt work on the file while waiting to contact the homeowner. HAFA eligible homeowners are no longer required to call our Short Sale Customer Care to indicate whether they will participate in the program”.
This is a good step forward and can cut weeks off the time currently needed to complete a HAFA short sale with Bank of America. Currently our Temecula short sales with Bank of America are taking about 100 days to get full short sale approval.Once these changes take place we should see HAFA short sale approvals in under 90 days.
If you have a home loan with Bank of America and want to know if a short sale is an option for you,call or email me.
I have 16+ years of short sale experience and there is never a fee for my short sale help.
Sidney Kutchuk AKA…Cyber Sid your Temecula SHORT SALE AGENT
CALL ME, 951.217-6745 cell
41720 Winchester Rd #I Temecula Calif. 92590
951.676-4663 DRE# 01156692.