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Old 02-25-2011, 02:55 PM
 
Location: South Jersey
322 posts, read 547,166 times
Reputation: 260

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Quote:
Originally Posted by mpadilla2 View Post
Thank you all for your advice.
@peachstatehomegal: There are no requirements to use a specific lender.
Our main concern was having BofA on both sides of the transaction. As the short-sale leinholder AND as our lender. Concerned whether that was a bad thing or a good thing or if it didn't matter much.

Any thoughts from anyone else?

It makes no difference who the lender is. Once the Pre-Qual letter is vetted to ensure it's legitimate and not a transactional funding company, it's rarely looked at again.

There is no benefit, and conversly there is no detriment.
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Old 03-01-2011, 03:25 PM
 
1 posts, read 478 times
Reputation: 10
I might be too late but here is my biased yet experienced opinion. It all depends on the loan officer you work with and I can absolutely help. With any large bank there are many horror stories, but also many great experiences. Things are currently pretty good where I am and I would like to offer my assistance.
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