Bank Of America Short Sale Process Update

We’ve talked a lot about the Bank of America Short Sale process over the years, but they continue to be slowing improving their processes, almost to the point of being the preferred lender to do a short sale with.  Unfortunately, that distinction won’t help them a ton but will help home owners get over their fear of the short sale process.  They recently made a few changes to their process.

One of the biggest problems with short sales is that the home buyer tends to get antsy and decides to buy something different.  This usually causes the short sale “processor” to have to start over.

What is a Hardship Letter For A Short Sale Package?

We often get this question about what is a Hardship Letter For A Short Sale Package or how to craft one.  

Are Short Sales Morally Right?

I get this question as much as any of the other questions.  Are Short Sales Morally Right?   It’s actually an easier question to answer then you might think.   For the complete analysis of this issue you must first decide what you believe.   My answers are based on the Christian Bible.  If you’re a Christian, then these answers will make complete sense for anyone else asking this question, I hope this helps, but it also might not exactly add up for you. 

Can I Do A Short Sale If I Am Current?

Can I Buy My Home Back After A Short Sale?

Previously I would have told you “No way!”  I would have lamented about how the bank will gladly sell your home to someone else but they do not want you anywhere near the home any longer.  However, there is a new program being offered through utilizing NSP funds (Neigbhorhood Stabilization Program) that has one company buying home owners homes through a short sale and giving them an opportunity to buy the home back within 4 years.   There’s a lot of programs that claim that to do this and many of them are illegal, so here’s how you can do your due diligence.