Bank of America’s Cooperative Short Sale Program REBLOG!

Reblogger Kevin B. Tolbert PA Team
Real Estate Agent with Keller Williams Realty of Port Saint Lucie BK3059813

It's about time that we start seeing proof that the banks are getting more understanding about these short sales.  Maybe we can start washing out the rest of these so we can get back to recovery mode.  Thanks so much for the explanation.

Original content by Stephanie Anson

Bank of America’s new Cooperative Short Sale Program will benefit Gainesville short sales with its fast processing for approval letters.

The bank ventured into this new program to earn more profit and help Gainesville FL homeowners to avoid foreclosure on their homes by allowing them to have all possible options. With this Cooperative Short Sale Program, you no longer have to wait 60 days for a representative to be assigned to your Gainesville short sale.

A Cooperative Short Sale starts with a hardship letter sent by the homeowner to the bank. It contains the reasons you are facing a hardship. It tells your story and must be factual. The bank will most likely offer a loan modification that can be a pre-requisite in gaining a Cooperative short sale approval.

Once the loan modification is no longer feasible, the Cooperative Short Sale comes into the picture. The bank will then give a listing price. Unlike the conventional 3-6 month period for Gainesville short sales, buyers’ offer may be given an answer just within a week.

A reevaluation of the Gainesville short sale home happens every 21 days so prices may be lowered until an offer comes.

The Cooperative Short Sale program is a great opportunity for Gainesville Fl homeowners.

To view original article, click here.

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Topic:
Home Selling
Location:
Florida St Lucie County Port St Lucie Pga Village
Groups:
Addicted to Active Rain
Canada's Real Estate Investment Group
Local Expert
Realtors®
Short Sales Specialists
Tags:
short sales port st lucie
short sales tradition
short sales torino
short sales hutchinson island
short sales pga village

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Rainmaker
653,369
Patrick White
Put our 26 years experience and technolgy to work
Home Driven Realty, Inc

Good Evening Kevin

Thanks for the post and re-blog. Have a great day

February 17, 2012 08:47 PM
Rainmaker
872,224
Kevin B. Tolbert PA Team
New Home Construction Builder Specialist!
Keller Williams Realty of Port Saint Lucie

Patrick

YOu are most welcome and please take any of mine you would like to share.  I need the points as I am trying to get 200K in 1 year and this is a monumental task. 

February 18, 2012 06:46 PM
Rainer
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Marge Piwowarski
Phoenix AZ Horse Property, LLC
Phoenix AZ Horse Property

Kevin,

Great localism post and I hope it helps some of the people who need it! 

February 18, 2012 07:29 PM
Rainmaker
872,224
Kevin B. Tolbert PA Team
New Home Construction Builder Specialist!
Keller Williams Realty of Port Saint Lucie

Marge,

Thanks so much for stopping by and we hope so as well.  Please feel free to visit my other blogs and leave comments or reblog anything you find interesting.

 

 

February 19, 2012 05:35 PM
Rainmaker
872,224
Kevin B. Tolbert PA Team
New Home Construction Builder Specialist!
Keller Williams Realty of Port Saint Lucie

Thanks again spammers for more free points.

August 12, 2012 08:12 PM
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Rainmaker
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Kevin B. Tolbert PA Team

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