Short Sales in CT (Blog)
A Blog about Short Sales in Connecticut

TOP END Properties
curve
Short Sales in CT > Blog > Bank of America: Auction.com Short Sale Marketing Assistance
curve

Bank of America: Auction.com Short Sale Marketing Assistance

November 7, 2012


Short Sale Agent Update


November 7, 2012
Bank of America Short Sale Marketing Assistance
Bank of America has partnered with Auction.com to deliver a pilot program that assists homeowners and agents generate offer activity and successfully complete their short sale transactions. This pilot offers a unique opportunity to amplify the marketing of the property. Participation in this marketing program is optional and will not impact homeowners' eligibility to participate in any short sale program. With Auction.com's enhanced marketing efforts, you will reach more potential buyers and your commission will not be impacted.
How does it work?
  • Not all homeowners will be eligible to participate in this pilot program. Homeowners who are eligible will be contacted by Bank of America.
  • If the homeowner chooses to participate in the Auction.com pilot program, the property will be featured on the Auction.com site.
  • The agent will be required to hold two open houses.
  • An auction date will be scheduled. Auction.com will partner with agents to locate a buyer, online or live at a local facility.
  • Agents will be notified once an acceptable bid has been received via auction. After the winning bid is received, agents will follow the standard short sale offer submission and closing process.
What are the benefits?


  • Maximum Exposure: Auction.com provides tremendous exposure to buyers to help drive offer activity.
  • No Cost: There are no costs to the agent or homeowner.
  • Full Agent Commission: There is no impact to the listing agent's commission.
If you have questions about eligibility for a specific property, please contact Short Sale Customer/Agent Care at 1.866.880.1232 Monday - Friday 8 a.m. - 10 p.m.; Saturday 9 a.m. - 5:30 p.m. Eastern. Stay up to date by viewing training guides, webinars and forms, all located on the Short Sale Agent Resource Center.

No comments:

Post a Comment

curve
© TOP END Properties. Licensed Broker in CT. Privacy Policy. curve

short sale homes, sell for less than the mortgage, houses with underwater mortgage, motivated sellers, preforeclosure homes

Need to Sell a Home via Short Sale? Don't settle for less.
We are the Real Estate Marketing Experts!
Click Here to Contact Us Today