Many homeowners who are upside down on their loan and having trouble making mortgage payments are getting phone calls from a company called Dignified Transition Solutions and being told about a new program called Streamlined Cooperative Short Sale Program…some of our callers are asking what this program is and what their options are.

Here are a few facts about the Company and the Bank of America program they offer:

–    The Streamline Cooperative Short Sale Program offers borrowers an opportunity to complete a short sale in a shorter than average time with very little paperwork required. Additionally, the borrower can receive a $2500 incentive from Bank of America to complete the Short Sale.  Reviews across the country are mixed.

–    To qualify for a Streamline Cooperative Short Sale from Bank of America you need to be selected by Bank of America and submit the appropriate agreement.

–    Dignified Transition Solutions is a privately held company that was started by former Bank of America executives and it hand picks real estate agents in the sellers market area to list short sales and, as a third party company, receives a portion of the sales proceeds…much like REO servicers that assign REO listings to area agents.

As it stands, if you receive a call from DTS, you have been tagged as a potential short sale client – but you do not have to work with DTS to short sale your home. Call me if you’d like to explore all your options concerning your mortgage nd find out how the system works. We can help at NO COST to you. I can be reached at (703) 774-9572 or email me. Our team has sold over 100 short sales in Virginia, Maryland and DC. Always be sure to ask how many short sales an agent has listed, under contract and/or sold in your area before hiring him or her.