Not a short sale but an REO, really funny!!

Check out these realtor remarks that I saw in MLS today for a BofA REO condo that is classified as a condo-tel by Bank of America.
COMBO LOCKBOX - CALL FOR CODE. A PRE-APPROVAL LETTER FROM A BANK OF AMERICA LOAN OFFICER IS REQUIRED WHEN SUBMITTING ALL OFFERS. IN ADDITION UPON ACCEPTED CONTRACT, BUYER WILL BE REQUIRED TO SIGN SPECIAL ADDENDUMS TO THE CONTRACT. CONTACT LISTING AGENT FOR MORE INFORMATION. AS AN INCENTIVE BANK OF AMERICA WILL OFFER A FREE APPRAISAL AND FREE CREDIT REPORT IF THE POTENTIAL PURCHASER FINANCES AND CLOSES THIS TRANSACTION WITH A BANK OF AMERICA LENDER. NOTE: BANK OF AMERICA DOES NOT FINANCE CONDOTELS. HOME BEING SOLD IN ITS "AS IS" CONDITION.

Views: 76

▶ Reply to This

Replies to This Discussion

Permalink Reply by Jeff Payne on November 17, 2009 at 9:33am
Bank of America won't finance condo-tels but your buyer has to be preapproved by them and if they use BofA, they will get a free appraisal and credit report ROFLMAO! Am I the only one that finds humor in this?
Permalink Reply by Wendy Rulnick on November 17, 2009 at 9:36am
I am sure it is standard language! That is too funny! All that wasted work on a condo-tel!
Permalink Reply by Wendy Rulnick on November 17, 2009 at 9:37am
Jeff - Probably not a whole lot of the country with condo-tels!?
Permalink Reply by Jeff Payne on November 17, 2009 at 9:37am
I list BofA REOs too and I know that we don't need a BofA letter for them, still is funny

Wendy Rulnick said:
I am sure it is standard language! That is too funny! All that wasted work on a condo-tel!
Permalink Reply by Bryant Tutas on November 17, 2009 at 11:27am
Jeff. That sounds like pretty standard language in my neck of the woods. Some actually make you stand flat footed to see if you can p over a mac truck. I swear I'm not making that up.

OK Wendy......I'm sorry. I just can't help myself sometimes. :)
Permalink Reply by Linda Mayer on November 17, 2009 at 11:40am
The whole thing is funny - banks have lost their marbles!
Permalink Reply by Jeff Payne on November 17, 2009 at 11:53am
Dang, flat footed, I would love to see that , NOT!

Bryant Tutas said:
Jeff. That sounds like pretty standard language in my neck of the woods. Some actually make you stand flat footed to see if you can p over a mac truck. I swear I'm not making that up.

OK Wendy......I'm sorry. I just can't help myself sometimes. :)
Permalink Reply by Jeff Payne on November 17, 2009 at 11:55am
Linda, Yes they have. Can you imagine, you send your buyer to BofA to get their pre-approval and they tell you no that they can not finance it OR worse, you go thru the process so that your buyer can get their silly "free appraisal" only to find out on the day of closing that they can not finance their own property

Linda Mayer said:
The whole thing is funny - banks have lost their marbles!
Permalink Reply by Bryant Tutas on November 17, 2009 at 12:22pm
Jeff, How about BofA on the short sale side says the house is worth $110k and BofA on the Buyer side says it's worth $80k? It's insane out there!!!
Permalink Reply by Jeff Payne on November 17, 2009 at 12:25pm
Been there, done that!

Bryant Tutas said:
Jeff, How about BofA on the short sale side says the house is worth $110k and BofA on the Buyer side says it's worth $80k? It's insane out there!!!
Permalink Reply by Wendy Rulnick on November 17, 2009 at 12:36pm
Wow, Bryant, how do you know me so well? I was disregarding what I thought I read!!

Bryant Tutas said:
Jeff. That sounds like pretty standard language in my neck of the woods. Some actually make you stand flat footed to see if you can p over a mac truck. I swear I'm not making that up.

OK Wendy......I'm sorry. I just can't help myself sometimes. :)
Permalink Reply by Bryant Tutas on November 17, 2009 at 1:26pm
I'm sorry. You can delete me any time you feel like it.

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************