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Here's some breaking news regarding Bank of Americas short sale policies from Harris Real Estate Universities short sale guru. The HREU Bank of America Short Sale Insider just returned from an exclusive invite only closed door meeting with Bank of America. Highlights from the meeting: * Bob Hora from BofA is the Short Sale, Deed in Lieu, REO, LandSafe Field Services Executive for Legacy Asset Servicing. He leads a team of 5,000 associates – those that you speak to regarding short sales and deeds in lieu through Bank of America as lender or servicer. * Joining Bob was David Sunlin, Bob's immediate junior who is Senior Vice President and Operations Executive for Short sales, Deed in Lieu and Real Estate Management for Bank of America – meaning he is in charge of real estate operations for Bank of America's default loan servicing operations. * Bank of America wants to do short sales more than they want to do loan modifications through HAMP or in house programs. There seemed to be...
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