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Indeed there usually are a lot of rumors that Bank of America is complex in order to function with when it comes in order to short sale. We all have extensive experience dealing with Bank of America not to mention we can certainly honestly say they've come a long way. Within 2009, they were antiquated and also unorganized dealing with all the short sale procedure. Lately they migrated from the aged fashion techniques of fax and in addition paper in order to the particular electronic online method. Contrary that would the particular horror stories we've heard from additional agents plus homeowners, our experience was actually as well as has been incredibly positive. Uploading all the particular files our Bank of America negotiator requested goes a lot smoother via their online portal. The a large number of cumbersome part typically is usually collecting the documents and also waiting for document collection agent that would analyze docs. Luckily, the document collection reps tend to be for the particular many part more worried with all the clarity and also format of copies than anything else. On a bit of properties the particular asset manager did come back with a counter provide not to mention other people certainly not. We've heard that they usually do, however, we all would as well such as in order to dispel that rumor. When the particular Asset manager did counter our highest provide, they were typically quick to be able to respond, and it wasn't long prior to some of us had a written short sale approval with regard to hand. The particular closing agents with Bank of America usually are commonly furthermore very helpful. If needed, an extra few of days to be able to close escrow typically is generally granted very conveniently from this closing agent. Today the closing agents usually call to be able to check inside on items. They tend to be at present plainly directed from upper management that would expedite the short sale procedure. Precisely what impresses us the majority of was actually how quick to be able to respond just about everyone was actually on their end. At this point we all do will need to point out that we all have extensive experience dealing with Bank of America not to mention with all the whole short sale task in most cases. All those agents which venture into the actual realm of short sale can discover that it redefines their whole job description as well as may quite easily fall victim that would the particular task. However even and so, the actual reputation that they "takes forever" plus is "hard to be able to work with" typically is something that hasn't rung true for us, based on the countless lucrative closings we've experienced from 2010 in order to the present. From list date to closing, the particular entire Bank of America short sale process took about 4 months. From date of submission that would created approval, it took regarding 2 months. We kept just about every person engaged (seller, buyer's agent, buyer) with weekly updates via email. Throughout the entire procedure keeps the particular status with updates about the actual minute with all the online portal. They moreover allow your needs to utilize the particular portal for seconds not to mention HELOCs, streamlining the particular entire short sale process. Several of previous clients can easily attest, it is very usually a smooth not to mention painless procedure. For more critical information on Short sale, refer 物件 売買