Agent Resource Center

Short Sale Overview

Our goal is to work together with real estate professionals to help homeowners avoid foreclosure. These tools and resources will help you navigate the Bank of America short sale process.

 

 

Education and resources

Forms & tips

Get forms and tips for executing a short sale.

 

Programs

Find out how to complete a short sale under the Bank of America Preapproved Price Program.

 

System education

Get tips and guides for using Equator, the Bank of America short sale processing system.

 

Help for homeowners

There are a number of resources for homeowners facing transition, some of which are available in Spanish.

 

FAQs

 

Glossary

Featured news

11/24/2014
Fannie Mae Short Sales and the HomePath process

Effective November 10, Fannie Mae Short Sale loans must follow the HomePath process



10/28/2014
Changes to the MLS Listing Requirements for HUD properties and Updated FHA Addendum

All Housing and Urban Development (HUD) Properties must now be listed for a minimum of 15 days before any purchase contract can be reviewed by the servicer and updated FHA Preforeclosure Sale Addendum now required. 



8/7/2014
Updates to Short Sale Evaluation Letters for Direct Entry into Short Sale

As part of the Consumer Financial Protection Bureau (CFPB) servicing standards, an Evaluation Notice is required once a customer’s complete borrower package is received advising a customer of all potential loss mitigation options. 



7/31/2014
Changes to the Direct Entry to Short Sale Process

The Borrower Election Form, included in the new homeowner’s Initiation Package, is required and must be signed and returned before the short sale will proceed.



 

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