Bank of America (BofA) Short Sale Update
February 19, 2010 by admin · Leave a Comment
Bank of America, via their new Equator software platform, has implemented a requirement that the buyers financial information be input into the system – i.e. buyers Social Security #, address, etc. We speculate that they are requiring this information so they can do checks to make sure the buyer and seller are not related in any way and that it is an arms length transaction.
