BoA Tweaks Short Sale Deficiency Policy

It seems that mortgage servicing giant Bank of America (BoA) has changed its policy regarding short sale deficiencies. Phil Pustejovsky of ShortSaleTeaching.com reveals that BoA said it will waive its right to a deficiency judgment during the closing of a short sale deal if the borrower proves that he or she can no longer make payments. While the bank trumpets the latest development, Phil believes that the financial institution hasn’t changed anything on its rule book. Why? Read on to find out. Click Here or click the image to read the rest of this article.

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