Has anyone had Bank of America offer your Seller a Deed in Lieu when you were in the middle of a short sale? Bank of America has offered one of our Sellers a DIL and a waiver of the deficiency if they do a dil. We are waiting to hear if they will waive the deficiency if we complete the short sale.
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Not yet but I'm sure I will at some point. Just be sure the sellers speak to an attorney before agreeing to a DIL.
Yes, we work with a team of Attorneys and the client has been referred to the Attorney
Thanks for sharing. I would like to hear more stories and want to know if anyone knows what NAR is doing about this.
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