Bank Of America 2nd Mortgage Short Sale Process

Help for agents

If you have a seller that has a 2nd morgtage by Bank of America the process is different than it is for a 1st mortgage. Click here for information on a Sample of Authorization for Title and Escrow

Typically 2nd mortgages will either accept a $3000 or $6000 pay off, so I usually indicate $3000 on my estimated HUD 1 worksheet.