Get What Is A Borrower Election Form From Bank Of America

Completing the Borrower Election Form from Bank of America is an important step for users considering their options for managing their mortgage. This guide will provide clear, step-by-step instructions to help you fill out the form accurately and effectively online.

Follow the steps to complete the form with ease.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your loan number in the designated field to identify your mortgage.
3. Provide the property address, including street, city, state, and ZIP code, to specify the location related to the mortgage.
4. Review the acknowledgment statement explaining your awareness of loss mitigation options provided by Bank of America. Make sure you understand your rights and options thoroughly.
5. Confirm your choice to proceed with a short sale, deed in lieu, or Mortgage Release evaluation by acknowledging the relevant points related to your choice.
6. Affirm that you have consulted with professional advisors if needed and have been provided with information necessary for a full evaluation.
7. Sign the form in the designated area to confirm your acknowledgment and decisions made regarding the property.
8. Select the date next to your signature to document when you completed the form.
9. If applicable, ensure that any co-borrowers sign the form as well, including their printed names and dates.
10. Once all fields are filled out correctly, you can save changes, download, print, or share the form as needed.

Complete your forms online to manage your mortgage options effectively.