Bank of America Short Sale Foreclosed On. Wow now
that is painful. Has it happened to us before? Honestly – yes but not more than
once or twice. There is not more sickening feeling than working on getting a Bank of America Short Sale approved only to
lose it to foreclosure and that is why who you select to handle your Bank of America Short Sale is so very
important.
This past week I got a
call from a Broker in our area who was just in a panic. She said “Mike, I have
a problem and I didn’t know how to handle it. Can you help me?” Well now of
course I said yes. In the field of Short Sales how do you NOT help one another?
Anyway she was working
on a Bank of America Short Sale that was being
negotiated by one of Bank of America’s third party providers – Dignified
Transition Solutions or DTS. Full disclosure here, I am not a fan of DTS. When
they first started out they were great. Now, in my opinion whenever I get a DTS
file I know I will be escalating because the customer service is just not there
anymore. But I digress…
OK so what had happened
was this Broker friend of mine said she was negotiating a DTS file and there
was a foreclosure sale date. The DTS negotiator swore up and down that the sale
date was postponed. Low and behold the date was not postponed and because this
particular broker doesn’t do many Short Sales she did not confirm with the
trustee that the sale had actually been postponed. The property went to sale
and was sold to a third party at the courthouse steps. The homeowner and broker
found out when the person who bought the property knocked on the door. My
Broker friend was asking for an escalation contact to get the sale reversed.
While I gave her what I
had, my experience is with Bank of America Short Sales is once a third
party has bought the property at the courthouse steps it is virtually
impossible to reverse. The key is to not let it happen in the first place.
While any agent / Realtor / Broker is licensed to complete a Bank of America Short Sale, most should not. When
looking for a West Sacramento Short Sale Specialist make
sure they really are just that – an experienced Short Sale Specialist. Your financial future
depends on it
Is a West Sacramento Short Sale Right for Me?
Give me a call and let’s find out. We also offer a short sale lease back program for those who
qualify allowing you to short sale and stay in your home. Call me
for details
To get a better idea of when
your West Sacramento home will be worth what you owe, log
in to www.shortsaleandloanmod.info for a free
estimate or call me today for a free no obligation consultation or for the
latest West Sacramento short sale information. Call me
today and sleep better tonight; you’ll be glad you did.
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