Need advice - I'm representing a buyer in a BofA short sale with an all cash offer at the price that was previously approved by BofA before that buyer walked. We have been waiting for approval for over 12 weeks. BofA has sent three separate but identical counter offers to the listing agent stating no new terms but that the buyer agrees to close on or before April 15. (After April 15, the BPO in the system expires.) The listing agent has accepted the counter all three times and assured BofA that the buyer can close by April 15. I'm getting concerned because we are 10 days out and still have no approval. In order for the buyer to be able to close by April 15, we have to move forward with the escrow. But I'm concerned about the buyer putting out money for this transaction without approval. Do any of you have any advice? Do we just go for it and hope that the approval comes in?
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