Shannon F.
Unlisted REO property next door
31 December 2015 | 3 replies
Do we attempt to contact BoA directly to get more info?
Andy Kaye
Squatter occupied REO. Difficult to evict?
11 January 2016 | 2 replies
My logic is that if even BoA can't kick out this squatter, then I am not going to be able to either.Any thoughts?
Thomas Sherlock
Deposit Only ATM cards - Suggestions?
22 March 2017 | 4 replies
At BoA the tenant receives a time stamped deposit receipt.These were originally designed for businesses that needed to allow after hours deposits.
Ben West
Real estate line of credit
9 April 2018 | 13 replies
BOA is great for certain products but I think you would be a much better fit for a local community bank.
Michelle Damiano
Purchasing a Note from one of the Major Banks
16 April 2017 | 4 replies
@Michelle Damiano Chase isn't going to sell a one off residential note unless it's in a pool trade of $50M...Sorry but its not worth their time to do it on a one-off basis...I'm direct to their VP of special assets and the pricing for these pools are in the 60-70% range and not worth it when you can get better deals elsewhere.A few years ago a group was selling classes based on buying from the big banks...they were more interested in selling education without delivering real deals...big waste of time.While smaller regional banks do sell on a case by case basis, or have quarterly sales, Chase, Citi, Wells, BOA aren't in that group.
Stefanie Willie-Bonglo
Hard $ vs. line of credit
7 August 2015 | 8 replies
But I know what kind of relationship you need to get one of those and what kind of net worth and provable income.. and its not just fico score. but you can work into those.. prior to the melt down I few more in the 50 to 100k range with WM and BOA one got called I have the other but never use it.good luck with it..
Adam K.
Turn Key Cash Flow with 2 yr tenants
17 January 2014 | 1 reply
Tenants make deposit to BoA with slips that get time stamped.
Bo A Vanecko
Owners Closet in STR: Ok to use the entire guest bedroom closet
19 February 2020 | 5 replies
Originally posted by @Bo A Vanecko:I have a unit 1300 sq ft 2b/2b that I am going live in a few weeks for STR.
Ali Young
Selling to a NACA program participant
4 May 2012 | 7 replies
This is generally the result of short closing time (I try to get buyers to close in 3-4 weeks) and the fact that NACA requires an extra underwriting step through the lender (generally BoA).Just like any other closing, the key to getting it done on time is having an agent who stays on top of the process, pushes the broker/lender/agent to get inspections and appraisals done quickly and in general, is willing to be a PITA.
Dion DePaoli
Wrapping a FHA Mortgage
17 March 2016 | 38 replies
BOA and Chase just got slapped with huge fines.