Loan Modification Forum - LoanSafe.org - View Single Post - Bank of America

Seagirl · 07-09-2009, 09:32 AM

murf3030, my client tried to use SHKIR's letter and it was rejected twice by two different people. They said sign the Approval Letter (collection) letter or we're closing your short-sale file and sending you to foreclosures. My client is now canceling her listing and going to take the foreclosure. B of A won't be able to collect anything from her. She tried to work with B of A, we got an excellent offer on the property, but B of A dinked around with the buyers for three months during which time they changed their terms and advice to my client multiple times. It became clear to us that B of A has no desire to work with their customers on short sales, not just mine but most of their other customers as well. Read my other posts and you'll see what happened with our process and how B of A has chosen this short sale course of action that ultimately ends in most of their customers going to foreclosure. Just so you know, if you're in a state with laws like Washington and Arizona it may be in your benefit to let them take the property but consult with your attorney don't just take my word for it.

07-09-2009, 09:32 AM	#58 (permalink)
Seagirl Member Join Date: Jun 2009 Posts: 15 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Bank of America - Short sale with collectible Debt murf3030, my client tried to use SHKIR's letter and it was rejected twice by two different people. They said sign the Approval Letter (collection) letter or we're closing your short-sale file and sending you to foreclosures. My client is now canceling her listing and going to take the foreclosure. B of A won't be able to collect anything from her. She tried to work with B of A, we got an excellent offer on the property, but B of A dinked around with the buyers for three months during which time they changed their terms and advice to my client multiple times. It became clear to us that B of A has no desire to work with their customers on short sales, not just mine but most of their other customers as well. Read my other posts and you'll see what happened with our process and how B of A has chosen this short sale course of action that ultimately ends in most of their customers going to foreclosure. Just so you know, if you're in a state with laws like Washington and Arizona it may be in your benefit to let them take the property but consult with your attorney don't just take my word for it.