I get a lot of phone calls from buyer's agents in Sacramento asking me who the lender is on a short sale. They are wising up and realizing that not every agent in Sacramento who lists a short sale is likely to close that short sale except, perhaps, for me. So, their broker has given them a list of questions to ask a Sacramento short sale agent. The problem with this approach is they don't know what to do with the answers they get.
They think multiple loans is a bad sign, which is not true. They hear Bank of America and they shudder, which is also not true. Bank of America has stepped up to the plate over the years and dramatically improved its short sales. If you are a seller who has a Bank of America loan, you are actually sitting in a primo position and you might not realize it. Don't listen to the hoo-haw among the neophytes. Bank of America is a great short sale bank.
I close a lot of Bank of America short sales. There are different types of B of A short sales. Some are Fannie Mae; they could be Freddie Mac or even a HAFA short sale. It would not be so hot to do a Fannie Mae HAFA short sale or a Freddie Mac HAFA short sale, but those are another long story, which I can explain if I take you on as a client and you have such a loan.
They could also be a Bank of America FHA short sale or a Cooperative Short Sale or a traditional short sale. You've got almost as many choices for a short sale at Bank of America as you've got loan options. And they are all different. A client laughed as she got off the phone with B of A saying it's just like ordering a pizza. Do I want pepperoni or sausage?
If you'd like to know about a Bank of America short sale for you in the four-county Sacramento area, call this Sacramento short sale agent for more information at 916 233 6759. I'll say it again: I close Bank of America short sales. I know how Bank of America operates (it changes all the time). I stay on top of this stuff. You're in good hands.
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Certified HAFA Specialist
My Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available at Amazon.com.
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SHORT SALES are the new money in our neck of the woods! and BANK OF AMERICA has the most in the DETROIT area!its either short sale or bank owned!
so have you ever done one with GMAC? new short sale listing with them.
Thanks for posting this! Yes, funny how there is quite a learning curve on not just the short sales themselves, but which entities tend to be more difficult than others.