We have closed dozens of Bank of America short sales through the Equator.com system and find it very easy to use. Uploading the documents and communicating through the Equator system seems to make things go smoother on most Elk Grove short sale transactions that we have handled with Bank of America. On April 14th, Bank of America has once again simplified the Short Sale Process. This is great news for Elk Grove short sale sellers!
Starting on April 14th, now only 5 documents are required to initiate a short sale with Bank of America. These 5 documents are:
- Purchase Contract including Buyer’s Acknowledgment and Disclosure
- IRS Form 4506-T
- Bank of America Short Sale Addendum
- Bank of America Third-Party Authorization Form
This change will make initiating an Elk Grove short sale a much speedier process and the homeowner does not need to supply us with other documentation that was previously required!
If you are an Elk Grove homeowner thinking about selling your Elk Grove home and you are upside down on your mortgage or behind in your payments, now is a good time to get your home on the market.
If you are a home buyer looking for an Elk Grove home, remember Elk Grove short sales are closing. Just make sure that your real estate agent asks the right questions about the short sale before you make your offer. If you would like a list of the right questions, give us a call at (916) 405-5737 and we will be happy to send them to you!
Remember, the deadline is fast approaching for the Mortgage Forgiveness Debt Relief. 12-31-2012. If you have any questions about this deadline or want to know what your options are on your mortgage, give us a call at (916) 405-5737 or send us a quick email to Info@ModeandDurhaM.com We are here to help!
Here are some quick links to other blogs I have written regarding Elk Grove Short Sales –
If you are interested in finding out more about the Elk Grove real etate market, buying foreclosure properties or short sales or about financing investment properties, make sure to check out our website at www.FindaHomeinElkGrove.com.