Our RE/MAX office has been fortunate to be selected to participate with a 3rd party which will streamline the Short Sale process with regards to Bank of America (BofA) defaulting loans. Dignified Transition Solutions (DTS) runs a Cooperative Short Sale Program for BofA where borrowers are selected, screened and pre-approved for a program which looks to make Short Sales much less cumbersome for all parties involved.
The benefits I see for a borrower enrolling in this program are:
1. The borrower does not have to supply any financial documents such as bank statements, tax returns, paystubs, etc.
2. The streamlined process eliminates the extensive and burdensome process of traditional short ales.
3. The property does not have to be a principal residence. Vacant, rental and investment properties can qualify for the program.
4. The borrower receives a $2,500 cash incentive upon closing of the short sale.
As an approved agency, we also have the ability to recommend other Bank of America borrowers to DTS in the hopes of qualifying them for this special program.
If you currently own a property heading towards Short Sale or Foreclosure, contact us anytime for more information about this program, or any other special programs available. (Lenders pay our fees, so there is never any cost to you.)
Cynthia Nemelka, Owner
RE/MAX Diamond Realty
27070 Sun City Blvd.
Menifee, CA 92586
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