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Bud Zeller's Blog

By Bud Zeller | Broker in Placerville, CA

BofA makes C.A.R.-recommended changes to short sale process?

Over the past few months, the California Association of Realtors has worked with Bank of America to make changes to the bank’s short sale purchase contract addendum and Short Sale Real Estate Licensee Certification.  Starting April 14, along with other changes, agents and brokers are no longer required to sign the Short Sale Addendum.

C.A.R. is pleased BofA has made these changes to its short sale documents in line with C.A.R. recommendations and looks forward to continuing to work with BofA to improve the short sale process in ways that will mutually benefit both REALTORS® and lenders.

However, at a local level here in the Placerville, El Dorado County, California regions, I see this as a small step to improve on their abusive real estate practices or coustmer relations. Family dreams of "home ownership" have been destroyed by their policy distortions or changes. In my opinion, what they promise and what they do is 3 different things!  

More information at: https://realestateagent.bankofamerica.com/shortsale/default.aspx 

Comments

By David & Samuel Rifkin,  Mon Apr 1 2013, 13:06
Thank you for this great information.

Samuel Rifkin
The Rifkin Team

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