Explain bank of America Short Sale Process
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Explain why you need to know.11-20-09-- Filed Chapter 7
12-23-09-- 341 Meeting-Early Christmas Gift?
3-9-10--Discharged -
Well, short sales are short sales.
There really is no process until you get an offer on the table.
1. List property for sale
2. Get an offer
3. Submit offer to the bank
4. If the bank is even interested in doing a short sale, they will assign a negotiator
5. If the offer is close enough, they will come back accepting the offer with all sorts of conditions
6. You won't be able to meet the conditions
7. Deal falls thru
8. House forecloses anyway, but maybe you bought your self 2-3 months
Bottom line, short sales are a waste of time and effort and as the seller, you get NO benefit for doing a short sale, short sale and foreclosure is equally bad on your credit report, and you still might have deficiency balance issues.
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