BOA is now working on a project to clear out their pipeline of short sales that are over 90 days old. This is good news for clients that have files in with BOA over 90 days, however on files that are under 90 days old; these files are being place on the back burner by Bank of America to get to the older files. All in all, we’re seeing that BOA is taking about 120 days now to make a decision on a file.
That's great news for people who are wanting to get a good deal on a short sale. With the interest rates as low as they are, it's a great time to buy.
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