Cooperative Short Sale With Bank Of America And UTLS – Another Success Story!
By Julie Baldino, Opening Doors to New Chapters...
(Front Door Realty)
Bank of America now offering a “cooperative” short sale option through a company called UTLS (United Tech Lending Services). This client came to me after Bank of America told her to choose and agent that was a CDPE (Certified Distressed Property Expert). She had purchased a beautiful investment property as a rental in Washougal, WA in 2005, and could no longer afford the gap between the payments and the rent. UTLS (United Tech Lending Services) dealt with the client directly for gathering all of the income/expense info to qualify for the short sale. By the time I was contacted, 2 independent appraisals had been ordered, and the property was ready to market. The rep from UTLS informed me where I needed to price the property, and asked me to open up the file on Equator (an online platfo...
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