BOA has an addendum that they will make you sign stating the homeowner gets NO $$$.

here is my short sales experience with BOA.....

BOA was a mortg company years back but now it seems there is a private lender by the name....

How Theresa Hatt Caused The Financial Crisis
By Zachary Roth - February 6, 2009, 11:23AM

http://tpmmuckraker.talkingpointsmemo.com/2009/02/how_theresa_hatt_caused_the_financial_crisis.php

"...The rep's apparent inte...

The primary morivation for an LLC is protection of other assets.We moved all our rentals into an LLC years ago and then put a blanket liability policy on it, greatly reducing our insurance costs with a max claim clause per year of a few million a year and allowing us to greatly reduce our straight landlord policies due to the expanded liability.Banks (we have two, we deal with SunTrust, BoA) have no problem lending the LLC money as we have real assets, no mortgages, and real financial statements, and we have no debt on any of the existing credit lines with them.If you have simialr circumstance then I would change banks, if not, your leverage may be the problem, hence requiring the personal credit reliance.

My accounts are also with BOA.

go with somewhere you will be able to talk with someone whenever you need to. if you go to a large institution (say BOA), you may just be a small fish in a big pond. banking to me (and i'm in the biz) is about RELATIONSHIPS.all banks offer the same products. you bank with people, not the bank!

Does BOA still do small mortgages?

One might wonder why BoA in NC didn't snap this snack up, but perhaps the "stress" is a bit high or something.

I even had a seller with a BOA loan I took sub2 get [i]another[/I] BOA loan a year later after I explained that a "mgmt company" was making her payments on her behalf and though it remained on her credit, it didn't affect her DTI at all.