CHF Access half percent down flyer, pdf
Sheryl Arndt, standard needs list checked, pdf
Why Rent brochure
CHF Access income limits http://tinyurl.com/8lzf8he
Sheryl Arndt, Broker – Sr. Loan Officer
B of A short sales are preformed on the Equator web site. The site allows the listing agent to track the progress and documents all communication. Have your agent ask the listing agent for an update and inquire if everything has been uploaded. Also, ask if a negotiator has been assigned.
BofA has a web site that addresses your question on the length of time to process a short sale. They state 45-90 days for the sale to finalize. I believe that they must respond to your offer in 30 days of receiving it according to government rules now in place.
Here's BofA's web site page explaining it:
Your offer amount sounds fairly solid since it's over the appraised amount. Keep your fingers crossed and be patient as short sales do take longer to process than a regular sale.
Good luck to you!
Prudential Connecticut Realty
The process should go much quicker now the short sale has been approved. The listing agent should have already submitted a HUD1 along with any other required documents to the bank so they can determine their net amount they need and give a final approval. Once that happens, escrow should open.
Good luck, hope it works out for you.