July 22nd, 2011 3:44 PM by DANIEL POULOS
Last week B of A announced a fantastic new policy in their short sale processing. Instead of immediately closing a file when a buyer walked they announced that they would accept back-up contracts. The B of A announcement can be found HERE .
Unfortunately it appears that they did not notify their own loss mitigation department!
by Jupiter, Fl Mortgage Company, Banker and Broker, Danny Poulos