Short Sale Soundoff: Update to the BofA Third-Party Authorization Form
As announced earlier,
Bank of America will now only accept its own standardized Third-Party
Authorization form. This two-page document requires signed acknowledgments from
all borrowers and designated representatives to the short sale.
The form has been
updated to permit those who are working under the supervision of the Licensee
(Real Estate Agent/Broker or Attorney), i.e., non-licensed support staff or
assistant, to be a Designated Representative on the short sale. The previous
version does not have space for the assistant.