Bank of America Deed in Lieu

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.

0 members like this

▶ Reply to This

Replies to This Discussion

Permalink Reply by Bryant Tutas on June 4, 2012 at 1:41am

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.

▶ Reply

Permalink Reply by Wendy Rosenberg on June 4, 2012 at 1:58am

Yes, we work with a team of Attorneys and the client has been referred to the Attorney

▶ Reply

Permalink Reply by Wendy Rosenberg on June 4, 2012 at 7:46am

Thanks for sharing. I would like to hear more stories and want to know if anyone knows what NAR is doing about this.

▶ Reply

RSS

Welcome to
Short Sale Superstars

Sign Up
or Sign In

Or sign in with:

Members

View All

Badges | Report an Issue | Terms of Service

Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.