Agent Resource Center

News & Updates

Update to the Bank of America Third-Party Authorization Form

5/22/2012

 

Bank of America is now accepting only the standardized Third-Party Authorization form found on the Agent Resource Center. This two-page document requires signed acknowledgments from all borrowers and designated representatives to the short sale.

 

The form has been updated to permit those who are working under the supervision of the Licensee (Real Estate Agent/Broker or Attorney) to be a Designated Representative on the short sale.

 

NOTE: The Licensee must still be identified on the form and be the named party representing the seller in Equator.

 

Action Required
Please use this version going forward of the Bank of America Third-Party Authorization Form for short sales.

 

Ensure the following:

  • The Homeowner has listed both the Licensee and the Assistant (if applicable) as Designated Representatives on Page 1 of the form.
  • The Licensee has signed the form and provided his/her License Number.
  • If applicable, the Assistant has identified him/herself as the Assistant/Paralegal for the Licensee and has signed the form.

 

Note: This form should be submitted directly on Equator or by fax. Under no circumstances should it be emailed to Bank of America.

 

The form and instructions are now available on the Agent Resource Center:
View Form »
View Instructions »

 

 

 

 

 

 

 

 

 

 

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