Tags:
Gwendolyn. You can only submit signed contracts in Equator. Therefore if the seller is in a binding contract already then they are not in a position to accept another offer unless it is in a secondary position. The 1st contract is the only one you submit.
It's an unfortunate situation to be as obviously it would be better to have the higher priced contract to work with since the likely hood of it being accepted are better.
Of course none of this matters if you can't stop the foreclosure. At this late date that won't be happening through Equator. You need to get on the phone to BofA and see who you can talk to to stop the foreclosure action. The sellers should seek legal advice asap.
Thanks everyone for your assistance. I did speak with BOA today and requested they escalate the file so I can upload the offer in the Equator. Which they did. However, I was told that the foreclosure could still happen if the foreclosure department does not get around to postponing the foreclosure on August 2nd. They said that I would need to keep checking the Equator to see if I was assigned a task or call BOA in the morning prior to the foreclosure. To bad I have two offers and may not be able to stop the foreclosure.
© 2024 Created by Short Sale Superstars LLC. Powered by
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.