If you've dealt with BofA recently for a short sale, how long did it take to get a response...?

Profile picture for marianne80
...a response to the buyer's offer?

We have a lawyer and also spoke to of course the realtors and they said it will take just a couple of months.

But I read horror stories online about a lengthy wait!! I am confused on what to expect
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July 19 2011 - US
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Profile picture for Mike Faiella

Bank of America has taken big steps to shorten response times and improve overall communication.  It is imperitive to make sure you are using and agent that is familure with the short sale process and furthermore bank of americas new system equator.  Keeping intouch with the bank and following up to make sure all steps have been completed is essential in lowering the time of a response.  
To answer your question I would say that on average it take about 1.5 months to hear a responce if you are in the company of a good agent and attorney.

-Best

Michael Faiella

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July 19 2011
Profile picture for marianne80
Thanks for writing!! I think that sounds great
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July 19 2011
Profile picture for CATHY SLOAN
Marianne

BOA has improved drastically.  My most recent BOA transactions have only taken a couple months.  It is important that the Seller submit all requested documents promptly when requested.
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July 19 2011
 
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