Hello, I’m Matt Fetick with SoldByShortSale.com, Philadelphia’s main short sale specialists. About weeks ago Bank of America rolled out a complete new short sale program. Their aim was to streamline the method and make it easier. Some of it has become simpler for people who owe extra money on their home than it is currently worth and they currently have a mortgage with Bank of America and they should get it sold. I think their intent was pretty good, but let me inform you just a little about the details.

The very first thing we discovered within the rollout of this new program is they’re only going to take part with licensed real estate agents who are licensed to practice in the state in which the home is located or they’re attorneys in the identical state. That is important as a result of unfortunately there are a whole lot of national companies on the market who’re swooping in and making an attempt to take advantage on this market for people who are underwater in their houses, need to get their homes sold, they owe greater than what it is worth and yet they’re preying on them and offering all these various kinds of services. They’re over charging with charges that should not be charged and they are benefiting from people that don’t know any better.

So Bank of America has decided that they are not going to permit this with their files by saying you must be a licensed real estate agent in the state or an attorney. We think that’s nice and we also do not need to see people who are not licensed real estate agents turning into negotiators on short sales. We believe there is a expertise and ability required and those who are most conversant in the house, the licensed real estate agent, are really the most certified individual to get the short sale negotiated and approved.

Again, I’m Matt Fetick with SoldbyShortSale.com, Philadelphia’s main short sale specialists and we’re here to help. If you would like to know extra about Bank of America short sales and their new rules, please give me a call. Our short sale manager Kevin or I will be happy to let you know all the new information they require. In case you have a home and are underwater in your mortgage and it’s good to get it sold for whatever purpose, and your mortgage is with Bank of America, give us a call today. We’re up to date, we are present and we know exactly what’s going on with all of their new rules. Go to our website at SoldByShortSale.com, and we would be happy to talk with you about your current situation and work out how we can help. Thanks so much and I look forward to speaking to you soon.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.