Agata Grudzinski - Realtor- 850-708-7724 Pelican Real Estate
Posted in BPO on Aug 19th, 2010
The BPO is the most critical step in the short sale process. It will determine whether or not the lender will allow a payoff that is low enough for a buyer to accept. Here we take up the short sale process at this critical point.
Posted in Bank of America, Short Sale on Aug 12th, 2010
Bank of America will collect all of the information it needs from the listing agent and the seller. It will assign a negotiator and complete the process as follows:
Contact an agent to complete a BPO.
Review the documentation and request missing pieces of information
Order internal payoff numbers
Issue a counter offer
Send the file to MI and / or the investor
Accept, counter or reject the short sale
Notify the agent of the outcome
Homes for sale Destin
Agata Grudzinski - Realtor- 850-708-7724 Pelican Real Estate
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