Good things come to those who wait!
I have been dying to write about this. Seriously, other than obtaining our Facebook MovetoBend page, this is the single most exciting thing that happened today! (maybe this week) After digging for information, etc. on their short sale and help for homeowner programs, I found the single biggest line of B.S….Ever! And it’s published on Bank of America’s website! Normally the links I post will take you straight to the subject matter. This time you will actually have to select “Short Sale” from the drop down topic list if you want to see it for yourself. Tell you what, I’ll save you the trouble. Here’s a direct quote from the Bank of America website:
“Because of the number of people and amount of paperwork involved in a short sale, it can take longer than a traditional home sale. Typically it takes 45 to 90 days after the initial offer is accepted to finalize, although timelines can vary based upon current market conditions and your particular circumstances”
I hate writing in all caps, but this is an event worthy of stepping up the font to Calibri size 14, bold, and AND in full caps. Ready?
THIS IS ABSOLUTELY NOT TRUE. NOT EVEN KIND OF TRUE. IT IS SO DISHONEST THE FTC SHOULD STEP IN AND ENCOURAGE EVERYONE WITH A LOAN SERVICED BY BANK OF AMERICA TO JOIN A CLASS ACTION LAWSUIT AGAINST THEM.
45 to 90 days? Amount of paperwork involved? Timelines can vary? You’ve got to be kidding me. They would be just as truthful by saying 1-2 days, but timelines may vary. Joke, joke, joke! I received approval on one deal and the negotiator wouldn’t even quote a timeframe for issuance of the approval letter! This was one step away from full blown approval! If you took the most recent “finalize” I received from them and averaged it with a 1 day closing, which is impossible, the average, that’s right average, would be approximately 99 days!(Here’s a quick math problem: (X+2)/2=99) X=?) I am not exaggerating or joking. Don’t believe me? Call my seller and ask her how agonizing and brutal a late Jan. closing is when you receive an offer in mid-July. “…timelines can vary based upon current market conditions…” Yeah, because the market has fluctuated sooo much lately. “…particular circumstances”? How about broke, broke, and hmmmm….oh yeah, broke. This is the most brutal statement and bald face lie I have ever seen. This makes adultery look like a noble act….End of rant.