Bank of America (BOA) says it’s making changes to its short-sale procedures that will shorten decision times on short sale offers to 20 days! The new task flow in BOA’s short-sale management platform, Equator, will enable short-sale specialists to conduct tasks like document collection, valuations and underwriting simultaneously. When buyers walk, agents will have five days instead of 14 days to submit a backup offer.
Good one of the only good ideas BOA has had.
Its about time these speed up, i’ve seen people around here have this take 5-6 months…just handcuffs everyone.
Good for inspectors for sure.
very good idea. Not like anyone at BOA did anything at all until deadline time anyway