Bank of America Short Sale Agent, Lisa Jefferson 678.480.5054 Call Today for Immediate Assistance!

Jan. 1, 2014 - PRLog -- The Bank of America Short Sale Process can be very complex. Therefore it is important to work a real estate professional that has experience with the Bank of America Short Sale Process. Once a homeowner has determined he or she can no longer afford to maintain their home it is very important that the home owner act quickly to avoid foreclosure.

Bank of America has a step by step process in which you must follow in order to be considered as a Short Sale candidate.

Step 1
The Homeowner must call Bank of America and request to proceed with a Short Sale instead of Foreclosure. When you contact your mortgage servicer, have your loan information available and be prepared to discuss your financial hardship in detail. The first thing they will look at is whether there are any options that may allow you to stay in your home. If you decide that a short sale is the best option for you, BOA will advise you to start Step 2 immediately.

Step 2
Bank of America recommend that you contact an experienced real estate agent as soon as possible. Selling a home in a short sale situation can be a complex process. Working with a realtor who has previous experience in that process makes a big difference. Among other things, the real estate agent can help you avoid foreclosure and help you market your home and find potential buyers or investors fast.

Step 3
Once your home is listed, and all of the required documents requested by BOA is submitted, I will begin marketing your home to potential buyers.

Step 4
Once an offer is recieved, the offer will be submitted to BOA for a final approval. The approval process may take up to 6 months. Meanwhile the homeowner can remain in their home until the final approval is granted.

Step 5
Once the approval has been granted, Bank of America will provide an approval letter outlining the seller relocation fee (ranging from $750.00 to $3,000 or more) along with the guidleines for paying off the mortgage. A closing date will be scheduled and final documents wll be prepared for closing. Your house is sold and your mortgage and any other loans against the home will be paid off in full from the proceeds of the sale.

To avoid foreclosure and to start the short sale process, visit http://www.georgiashortsalehelp.com or call Lisa Jefferson, CDPE to request a FREE Short Sale Package.