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Tag Archive 'HUD'

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

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Investor Report: Anti-Flipping Rules

FHA’s return to the foreclosure resale market segment through its waiver of the 90-day anti-flipping rule should give those investors an important resource to start using - now.

Remember: FHA says the policy change is temporary. Even with a new administration, that June deadline just might be for real.

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