Short Sale & 2nd is with B of A - Loan Modification Forum

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Short Sale & 2nd is with B of A

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Short Sale Outpost The term "short sale" is very popular in today's mortgage and housing market. There are potentially millions of people facing foreclosure and a lot of these homeowners are under water on their mortgages. Some will choose to stick it out and fight. However, many will decide to choose to walk away. Short sales are becoming more and more popular as an exit strategy for homeowners. Learn the methods, software and magic it takes to navigate the foreclosure process and get the help you need.

This is a discussion on Short Sale & 2nd is with B of A within the Short Sale Outpost forums, part of the Foreclosure Process category; Has anyone done a Short Sale where Bank of America holds the second mortgage? I have tried to get them ...

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08-26-2009, 03:56 PM	#1 (permalink)
HelloKitty Junior Member Join Date: Aug 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Short Sale & 2nd is with B of A Has anyone done a Short Sale where Bank of America holds the second mortgage? I have tried to get them to lower my interest rate (8.4%) or combine my first with my second so I have one payment - they refuse to do anything to help me. The loan person at B of A that was (not) helping me told me - "we can't help you until you start missing your payments"! Really?? I've read alot of postings with B of A - they will agree to the short sale but then other times they will not forgive the debt or agree to the short sale and put a lient against the persons property (when they have a second house). Has anyone expierienced this with B of A or have any advice on how to start the short sale process with them?? Thanks!

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