Bank of America Assigns Short Sales

Ok.....so if you haven't heard Bank of America is assigning short sale listings in bulk......ie......65 at once? Now for many of us, this is crazy because we have been told for years that these banks and servicers do not assign short sale listings however, times are a changing. I have confirmed with a very reliable source that one guy.....one REO listing agent got assigned 65 short sale leads, per-approved, NO PAPERWORK! So, here is the skinny....... 1. Short sale are pre-approved, however we aren't sure how the actual appraisal works? 2. No paperwork, package is complete. 3. Have to sell with in 4% of bop price.... anyone got more information?
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Jesse Gonzalez is a highly accomplished and respected real estate professional with a wealth of experience in the industry. With a career over 15 years, Jesse has established himself as a leading real estate sales and marketing expert.

As a licensed real estate agent since 2005 and a broker since 2008, Jesse has a comprehensive understanding of the complexities of the market. In 2013, he founded his firm, Liberty House Realty, LLC demonstrating his entrepreneurial spirit and commitment to delivering exceptional service to his clients.

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With a dedication to excellence, Jesse consistently achieves outstanding results for his clients. Last year alone, he closed over $20 million in sales and received the prestigious Sapphire Award from his local association, recognizing his exceptional achievements in the industry.

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Comments

  • WHat is the 3rd party site?

     

  • Do you have to be a BOA direct to get these short sale assignments?

  • They sent me 41 B of A owners in default in a matter of a couple of weeks. Loan numbers, phone numbers, etc.

     

  • Yeah, I am talking about 65 listings to one agent in one hit. Much like a bulk of REO assignments. Better yet, a short sale that runs through almost the exact same workflow as a REO.

  • my mistake i was talking about what kebt was talking about.  BULK?!? i have not heard...

  • Hi Guys,

     

    Thanks for the information but, I am not sure we are talking about the same thing.

  • Yes it's true. Bank of America has an affiliated program with Remax and Keller Williams on short sales.

    Upon seller agreement of short sale, B of A orders the appraisal. Takes 1 week to get appraisal back.

    Slick process.

  • Jessie,

    technically speaking they dont assign short sale but the the third party does...There are about 4 working with  B of A...

  • I just listed a B of A shortsale and my client received a call from a third party who works with B of A that gives 3 agent names.  It turns out the third party has a sign up and an application. They send out the standard.."If we need someone in your area we will give you a call"...blah blah..blah...

    However,  I played nice with my"rep" and told him to look out for my app.  He said  they check out your deals through equator.  Anyways, I am babying this file and trying to get my foot in with this third party. 

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