Five Reasons Why Short Sales Are Declined

December 17, 2009 by Kristin LaVanway · 5 Comments 

On December 15, 2009 , I attended a round table presented by the Women’s Council of Realtors. The featured speaker was a representative from Bank of America who shared an overview of the current short sale policies that BofA is following.

During the presentation, he shared the five most common reasons that short sales are declined. It’s fair to assume that these reasons are common among all lenders.

Update from Bank of America on Short Sales

December 16, 2009 by Kristin LaVanway · 2 Comments 

I attended a round table presented by the Women’s Council of Realtors. The featured speaker was a representative from Bank of America who shared an overview of the current short sale policies that BofA is following. Here is a summary of the key points.