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Yes it is very real. Just make sure their is not a foreclosure date in sight or you will have major problems. Call the REO side of BOA to check on this yourself. T'hey want all the buyers docs into the title company so they have a full disclosure. (Remember they changed the HUD's rules and regulations). It is usually 72 hours prior to closing. The buyers docs have to be there. Also I hope that they don't make you eat any changes on the HUD from the one they approved like the changes in taxes and if any HOA or anything that will make the number they expect to receive any less than the approved amount. Guess who eats this money? Why of course..... the agents. If the taxes are not prorated out far enough (even when it is their fault an updated HUD needs to be sent to keep them aware of all costs.)
The good news is, it sounds like you have a victory and ready to get this deal put to bed. I did to until they foreclosed on it 5 days later. Good luck, and I am just sharing that lesson from some hard knocks.
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