One of my short sale sellers in Crestview Florida, who is in the Bank of America Coop program, received a letter last week that Bank of America may modify his mortgage and reduce his principle.  That is why he did not return my phone calls and emails about the written offer on his property we received on Monday-- based on the COOP program's new price.  He told me today that Bank of America told him he could stay in short sale COOP and loan modification at the same time. I explained to him that I will not dedicate my business resources and waste other agent's and buyer's time if he did not want to sell his house, nor could he sign a contract, then decide to just "cancel" it because he got a modification. It's incredible to me that Bank of America would tell him to do "Both". While we all pay for it?  The property has been withdrawn.