Tags:
As a buyer, you will be very frustrated throughout the process without some updates. The question I would have is about the listing agent. This is the contact person if they haven't hired a negotiator. If they haven't, you should ask your agent to push for this. It doesn't cost you or the seller anything, the bank foots the bill for the negotiator and it shows up on the HUD as an expense from the bank. If you find a negotiator that is going to charge you upfront, I would say don't do it. If you have a good negotiator, they will get paid when the deal closes. If they're getting paid upfront, the motivation to get the deal done declines. As a buyer, you have allot of say in how this gets done, you're the money person in the transaction, without you there is no transaction. Push to have the listing agent put the deal with a negotiator that A) updates on a weekly basis, B) has experience with negotiating with BoA, C) does not charge upfront, D) is acceptable to phone calls when you have a question. BoA is one of the hardest banks to get a short sale done with and if you have someone that doesn't know the system and how to work the system, you're looking at waiting a long time before you get to move into your new house. This should have already had a negotiator assigned from the bank. The only reason that it may not have yet, is that there is a value dispute. Even with that your deal should be more advanced than it is now. Good luck.
© 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.