Raleigh NC – Bank of America used to be very difficult to work with when people were interested in short selling their homes. This has changed somewhat recently.
Bank of America developed a new system which makes the short sale process faster and easier.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The introduction of the new system, Equator, has played an important role in revolutionizing their short sale system and improving their short sale process.
The approval time for short sales has been decreased to 60-90 days in most cases. As a seller you can create an account on their website, upload the necessary documents: the short sale package, your bank statements, any authorization for third parties, and a hardship letter.
The Bank will alert you and your agent after the short sale is initiated with the Bank. At this point you are to upload financial information for the short sale. Any other lien holders are contacted as well.
Once they have received all the documents that they need, then they will begin the approval process and order an appraisal on the property to ensure the offer is in accordance with the market value of the property.
If everything looks good, then they will approve the short sale. The actual closing normally occurs within 30-45 days afterwards. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at ken@goldensrealty.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (919) 606-8751
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Raleigh loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Ken Smith.
Ken is a Real Estate Broker at Goldens Realty. Raleigh Short Sales Realtor:
Phone: (919) 606-8751 . ken@goldensrealty.com.
Friendly, loyal, intelligent service!
View My homes for sale at www.GoldensRealty.com.
Ken Smith specializes in loan modification assistance and short sales in Raleigh North Carolina. Raleigh Loan Modification Help, Raleigh Short Sales. Raleigh Short Sale Realtor. Raleigh NC Short Sales. Raleigh Realtor.
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