Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 15 years ago on . Most recent reply

Account Closed
  • Texas
11
Votes |
122
Posts

BofA giving me the runaround - auth form

Account Closed
  • Texas
Posted

So far, my dealings with BofA have gone like this
- Faxed in my authorization letter, wait...wait...wait some more
- finally, they see it in their system
- When I call the loss mitigation department again, they can no longer see it, because im talking to a different department
- Submitted short sale package, the stack of paperwork was nearly 1/2 thick and the resulting pdf file was nearly10MB on the lowest resolution!
- Within 3 business days (that was fast for rejection!), I get a letter informing me they cant accept my offer because my authorization letter has a signature that doesnt seem to match the signature on the original loan documents. THIS IS THE SAME AUTHORIZATION LETTER that I faxed to the first number they gave me, and the rep I talked to said it looked fine.

:roll:

Most Popular Reply

User Stats

1,018
Posts
802
Votes
Scott Hubbard
  • Rehabber
  • Tucson, AZ
802
Votes |
1,018
Posts
Scott Hubbard
  • Rehabber
  • Tucson, AZ
Replied

I have run into these problems lately. They seem to stem from loan mods and with CW originations.

If the seller started a loan modification, then the the loss mitigators handling short sales will not be able to access the ATR or the SS package. If it is a CW origination, then call the customer service rep and have them send an e-mail to a loan modification rep to remove the flag in their system.

Then, your SS package will be able to be seen by the short sale department personnel.

This flag was used to avoid redundancy where some people were doing both a short sale and a loan mod simultaneously taking up twice the lender's resources.

Good Luck.

Loading replies...