Is anyone NOT signing the BOA addendum?

I know there was a discussion about this addendum recently, but I can't find it.  I THOUGHT I saw someone say they just weren't signing it.  Has that worked? 

 

I got an addendum from BOA last week and the dual agent part was removed, but this addendum overall is crazy.  It states it SUPERSEDES the purchase contract too. 

 

That means my paragraph on automatic 30 day extension if title isn't cleared can't happen. Supersedes the purchase contract?  That would actually mean my purchase contract is NOT valid.  Shouldn't it say SUPPLEMENT?

 

It also states no alterations, modifcations ...are valid unless signed by FHA, VA, government agencies, etc.  I mean if I increase the price and the buyer and seller agree, I have to wait for the FHA, VA or other agencies to sign it??  It makes NOOOOOOO SENSE the way it's written.

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Permalink Reply by Christina Conrad on July 11, 2011 at 4:44am
BOA is requiring these now...we do them...we have to change the listing agent to someone not related to the buyer, but we do them...it has become more problematic..but if you don't do it..they will close out the file and you will have to reinitiate..I have had to reinitiate a ss 4 times because of this stupid addendum.

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