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May 2012

BofA Announces Process for Valuation Disputes

Bank of America continues to work on refining their systems for short sales. In their recent short sale update to agents, BofA explained what to do if you get a valuation (BPO or Appraisal) that you question and want to have reconsidered by the bank/investor. Process Refined for Valuation Disputes Bank of America has refined the process for settling valuation disputes during a short sale. The value of a property is established by independent third-party vendors shortly after a short sale is initiated. Occasionally, however, a listing agent may wish to contest that value. When that occurs, there is now... Read more →