Bank Of America Enhancing Short Sale Procedure
From the very foundation, shortsalepowerhour.com has spoken about the outback mindset. The outback is a answer oriented mindset to recognize processes that don’t work and generating answers for them. Most people in a small sale transaction are committed to saying I can or I can not do this based on what someone else has told them.
We want to chat about the HAFA program which rolled out April 5th. It was rumored to be a game unreliable program. The HAFA program, in my opinion, has been a gigantic letdown. That’s not to say that people have not qualified for HAFA, but the point is that the predefined qualification standards are a slap in the face. The whole thought has been missed because no one understands the process even though the in rank is out there.
So, sellers approach us and say, “Hey I heard i can get $3000″. That is the establishment for the process and it makes an chance for an emotional situation and leads to more sufferers.
About a month ago, I was up in Scottsdale at a huge event where Matt Vernon, Bank of America official, talked about small sales and the troubles that they have had with them. During the session he brought up HAFA and I laughed at him. I laughed because HAFA has been a total catastrophe. Fascinatingly though, according to Matt Vernon, Bank of America has dedicated themselves to generating their own program that is similar to HAFA to speed up the do and incentivize the home owner. The expectation is that the small sale method can be whittled down from 120-150 day small sale down to 60-90 days.
Two years ago, based on consequences, Coach Collard despised you guys at Bank of America. It is incredible to see that you are discussion about direction and you are making things come to pass. We appreciate the fact that you are openly communicating with small sale agents. Stick to the consequences and make it happen.
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