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The short sale is approved after having had to escalate this to the area manager.
Now seller's attorney advised seller against closing due to the deficiency language in the note which you are all familiar with.
I have no problem raising hell with whomever I need to but need a little direction.
What level do we deal with on this if we want to push the issue?
The canned response the buyer's attorney received from the closer was that' BOA does not make any exceptions in the state of florida- period.'
Has anyone specifically in Florida ever had the deficiency language removed .?
'Is what the closer told the attorney true or just an out and out lie? .
Sound advice greatly appreciated.
Al: I've done a number of BofA short sales and they will NOT change the language. Period. The best success I had was they deleted the deficiency language but that doesn't remove their right to pursue. BoA's verbal position (no, they won't put it in writing) is that they reserve the right to go after the deficiency but they don't intend to pursue unless they determine there was fraud committed in the course of the short sale. Good luck.