San Diego Homes

With the implementation of their new Equator software platform, Bank of America has dramatically improved their short sale processing. We are now generating short sale approvals from Bank of America in an average of 30-60 days, and in many cases less, which is a huge improvement. Bank of America also assigns one negotiator to handle both their first and second loans on short sales where there is a Bank of America first and second lien, which also expedites the process.

We are also currently working on our first HAFA short sales, which we expect will move quickly as well thanks to the HAFA government guidelines which require the banks to approve or reject short sale offers in no more than 10 business days.

With short sales becoming the main stream real estate sell, it is a good thing that banks like BofA have grasped this concept and are helping to move the process on as quickly as possible. Wells Fargo and Wachovia are also getting much easier to work with and getting approvals at a faster rate.

If you or someone you know are facing a foreclosure, let Newton3 Real Estate Services help through the process. Save your credit and move out on your terms not the banks.

Visit: ShortSellOption.com for more information regarding a short sale

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