[bongocheetah]

After many days of intense negotiations with different people and managers in the BofA Loss Mitigatigation department, BofA is sticking to their guns. I have talked to them personally, in addition to my real estate agent and the short sale expert I am working with. The result is as follows after talking to many (at least 10) different people at BofA:

- All say that there is no negotiation for a promissory note settlement or a 1099 before closing. At this point I have the acceptance letter from them and I should go to closing with that. After closing their recovery/advocacy deparment will contact me for recovery of deficiency.

- All say that BofA does NOT forgive debt - period.

- Half of them say that recovery will 1099 me for the deficiency as well as collect ALL of the funds, although over a period of time via installments. They will recover regardless of my financial condition to the extent of filing deficiency judgement.

- The rest half of them say that recovery department will talk to me to see what can be recovered. If I have nothing to pay back and refuse, they will just 1099 me. They will charge off the balance and it will show my credit report. BofA never files deficiency judgement for short-sales.


Any ideas what others are seeing with BofA out there. Are there any deficiency judgements being filed for short sales.

Thanks