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**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with mortgage assistance negotiations. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Bank Of America (BAC) Short Sale

BAC RMA Short Sale Package

Mortgage Assistance Form.

BAC Mortgage Short Sale Negotiators. We're On Top.

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Bank Of America Short Sale Process

It depends on who your investore is maybe you will first have to apply for a Bank Of America Loan modification but once you are declined the process for BAC short sale is pretty basic:

  1. First process is that our team will make a phone call to Bank Of America to speak to a counsellor which will initiate the short sale process.
  2. Complete Bank of America Request for Mortgage Assistance paperwork Will Be Required.
  3. A broker’s price opinion will have to be cheduled and completed (Certain Investors Require Two Interior Inspections)
  4. Negotiate Numbers For Purchase Price And Closing Costs With Bank Of America Mortgage About Short Sale Fees And Costs To Be Paid Out Of The Seller’s Proceeds.
  5. Lender BAC Provides A Response To Short Sale Offer Made.

The process of short sale with Bank Of America is never easy. When applying for mortgage asisstance it feels like there is always something that comes up. Repeating the same steps over and over again is typical while dealing with short sale negotiators. It’s part of the process to know that we will have to run around from department to department at BAC Mortgage. The Loan Modifiation Department maybe needs to close it out, or the short sale department doesn’t have someone assigned to BAC Mortgage Customers Service Department; Above all you need to know better when they are sending you in the wrong direction. Often clients come to us after submitting the wrong information on their application, getting denied, and not being able to figure out what happened. We can help you review any declines.

Bank Of America (BAC) Short Sale Timeline

Dealing with what effects a SPS Short Sale timeline’s and knowing that they vary on some very basic and other not so basic elements can really help with the process. These are just a few of the hoops we jump through when dealing with a short sale.

  • For one, Bank Of America (BAC) is only a servicer of mortgage notes. BAC Short Sale Application is generally only a piece of what governs SPS’s mortgage servicing as they have to bide by the PSA or Pooling and Servicing Agreement that sets the fules for each and every loan; This contract is directly between servicer and investor. BAC cannot always make all the decisions themselve, it depends on which matter BAC can take a decision themselve and for which they have to get permission from the investor. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from many servicers. The more layers of burueacracy you’re going to deal with the longer it’s going to take.
  • Additionally, The thing which effects you BAC short sale timeline is whether or not you have a sale date.  When it comes to stopping a sale date so Bank Of America short sale can be completed, BAC can be tough to deal with. Your chances of getting bumped up improve if you can get a value completed. As a loan servicer they have homes being sold at auction every day. Sale dates even for the coming week are not worked with ugency you would expect. As a first come first serve business model it can also be influenced by foreclosure status and proximity to the upcoming sale date (if applicable).
  • Finally, not all negotiators were created equat; This goes for both sides. Often miscomunication is the number one reason while a short sale fails. People become very specialized in this niche of representing homeowners (borrowers) infront of Bank Of America in these financial application processes to find mortgage assistance. Often you will be put though the multiple levels of management including approval from an investor as mentioned above depending on what their total losses are.

Bank Of America (BAC) Short Sale Timeline Conclusion: Your BAC Short Sale Timeline will vary based on many different factors. Decisions can be made in house will clearly be quicker than those that have to be sent out for appoval., what the value comes back at from the appraisal completed by BAC’s Short Sale Department compared to what the offer is that is being made to them, how fast BAC Loss Mitigation department received the BAC’s Short Sale Application documents are received (readble) and other factors will come together to effect how long it will take for your Bank Of America Short Sale to be Approved.

If Your BAC Short Sale Was Denied There May Still Be Options.

How To Fix A Bank Of America Short Sale Decline?

Often dealing with BAC Mortgage and how they deal with short sale buyers offers being declined may be confusing. Often they will not be clear not only as to why but if there is anything that can be done to fix it.  Here at ACG we review dozens of points in order to understand why your own short sale offer was rejected. Have us review your declined short sale for free by calling us at 888-934-3444.

BAC Loan Servicing Contact Information

BAC Mortgage Customers

 BAC Consumer Complaints and Reviews

Bank Of America Servicing Mortgage Reviews

BAC Mortgage Servicing Complaints

Often we have gotten on the phone with a BAC Loan for one of our Customers where we are given the run arround. They can be very difficult to work with and making matters worse is their rude agents on the phone. When dealing with a Loan Servicing where the people on the phone make you feel like they don’t care getting a straight story can be difficult with your BAC Mortgage.

Due to space constraints we are not able to include the complete review(s). The name of each reviewer links to where the reviews maybe located. For the complete review click the links.

BAC 1 Star Review:

I called in several times and it would take VERY long to even be allowed to talk about the account. I am filing a notice with the CFPB.

Nancy, Carlsbad, CA

BAC1 Star Review:

Bank of America is the worst bank in history. The customer service people are always rude. I have had Bank of America for a while now, and I wish I could have a better bank. Trying to lower my interest rate, tried to modify my mortgage, tried getting approved for HARP. And this Bank of America won’t work with no one. I hate this Bank.

Harry, Brooklyn Park, MD

Don't Be A 1 Star Review

Don't Be A 1 Star Review

BAC1 Star Review:

I’m refinancing my mortgage. The title company needs the payoff information. They have requested it to be faxed twice. I’ve requested it twice. We’ve received nothing after two weeks. Every other company and loan I’ve ever dealt with allows the loan owner to print the payoff document from their website with a log on. BOA does not have that option and they don’t respond to requests timely. This is extremely frustrating and quite frankly, ridiculous. I will never use them again.

Beth, Black Creek, WI

1 Star Situations Happen Every Day

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well.

Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start.

Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group!

Daniel, Santa Clarita, CA

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your BAC Mortgage.

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your BAC Mortgage.

Bank Of America (BAC) Short Sale News