Maryland Real Estate by Pamela DuBois: Bank of America in charge of it all???

Maryland Real Estate by Pamela DuBois: Bank of America in charge of it all???: "Bank of America for a new loan or Bank of America as a short sale lender? I can't believe that we've given so much to Bank of America. I'm ..."

Bank of America in charge of it all???

Bank of America for a new loan or Bank of America as a short sale lender? I can't believe that we've given so much to Bank of America. I'm the listing agent on a case that the buyer chose BOA. This was 60 days ago. Everyone in my office warned me against going with BOA. Unfortunately, since I was the listing agent, I had no choice in what lender the buyer chose. I told the selling agent in the beginning, please have your buyer use another lender. Here we sit after 60 days and still no approval. The file has been in underwriting and then it comes back out for conditions, then it goes back in and comes out with more and difference conditions that the buyer has to get to them. It's been a nightmare. I can't even imagine what the buyer is going through with them.
I also have BOA as a mortgage holder for a short sale. After faxing and re-faxing documents for 2 months in this process, I was told on Monday of last week that I have to start the process over because they've been giving me incorrect information and the file should have been sent through a different system. I literally felt like I was in the twilight zone. I couldn't believe what I hearing after dealing with the short sale department for two months. I just hope the buyer of the property stays around to see this through.
I hope everyone else is having better experiences with BOA.