Bank of America Streamlines the Short Sale Process
Posted in Bank of America, Short Sale on Mar 6th, 2016
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
