Zillow Advice: Home Buying - Why is B of A taking over 3 months to respond my offer? http://www.zillow.com/advice-thread/Why-is-B-of-A-taking-over-3-months-to-respond-my-offer/458878/ Zillow Advice | Zillow Real Estate I agree with Elizabeth. It ... http://www.zillow.com/advice-thread/Why-is-B-of-A-taking-over-3-months-to-respond-my-offer/458878/ I agree with Elizabeth. It sounds like a short sale being negotiated by one of BofA's notoriously SLOW 3rd parties.<br/><br/>I have 2 files with them right now where it has taken 2 months just to have someone assigned!&nbsp;They've been re-assigned twice since then.<br/><br/>A good buyer's agent has knowledge on typical short sale timelines. Anythime a listing agent tells me the homeowner is trying for HAFA (with an offer), I tell my buyer that it will be a 3-5 month wait. The only time I've had a 2 month wait was with DTS, the least evil of their 3rd parties. Fri, 07 Sep 2012 17:47:00 GMT http://www.zillow.com/advice-thread/Why-is-B-of-A-taking-over-3-months-to-respond-my-offer/458878/ 2012-09-07T17:47:00Z I cannot comment on your ... http://www.zillow.com/advice-thread/Why-is-B-of-A-taking-over-3-months-to-respond-my-offer/458878/ I cannot comment on your particular offer but unless your short sale is a HAFA, this should not take more than 90 to 120 days to get approval from Bank of America. But if it's HAFA, all bets are off because the third-party vendors are typically very slow and they tend to make mistakes. It also might not be a Bank of America investor. B of A might be the servicer and the investor is somebody else. Or, there could be MI insurance, most likely placed on the property and paid for by B of A itself.<br/><br/>People like to say that your file will fall to the bottom of the pile at B of A if you don't call all the time, but the fact is all of the files at Bank of America are at the bottom of the pile. Fri, 07 Sep 2012 00:02:00 GMT http://www.zillow.com/advice-thread/Why-is-B-of-A-taking-over-3-months-to-respond-my-offer/458878/ 2012-09-07T00:02:00Z Do you have a Buyer's agent ... http://www.zillow.com/advice-thread/Why-is-B-of-A-taking-over-3-months-to-respond-my-offer/458878/ Do you have a Buyer's agent working on your behalf in this matter?<br/><br/>If this is a short-sale, the process can take months. However, the agents cannot just sit back and wait for the bank to respond to them. They must be proactive in the process, making frequent calls and email inquiries to the asset manager or negotiator. Otherwise your offer will go to the bottom of the pile of work on their desk.<br/><br/>If it is a foreclosure, the process should be much faster. The rules differ from state to state on how foreclosures are handled. This is something you should be speaking with your agent about. <br/>Please tell me you have your own representation (Buyer's Agent). Thu, 06 Sep 2012 20:18:00 GMT http://www.zillow.com/advice-thread/Why-is-B-of-A-taking-over-3-months-to-respond-my-offer/458878/ 2012-09-06T20:18:00Z