BofA, the Giant Snail Just Bought New Running Shoes.

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Probably the most frustrating lender out there to deal with on a short sale is Bank of America/Countrywide. They have way too many toxic loans (as in how could you have ever lend money to this person on that property). As a result of such poor underwriting guidelines and there megalomaniac desires to be ever bigger by acquiring the king of toxic waste, Countrywide, they get a deluge of short sale requests daily.

And even though this has been going on for a long time now, and has been expected to go on for a long time, up to now they have not implemented any document management system to streamline the approach. Well I just read here they've just purchased a short sale management platform, that will make communication more organized. I hope it includes a document management system. So I can stop hearing, we still didn't receive your file.

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