Hi everyone,
I wanted some help with our BOA short sale. My husband and I made an offer on an approved short sale. List price was $180,000. Our offer was for $184,000, with $4000 to go towards our closing cost. 2 weeks after we made our offer, the bank came back that they accepted the price, but would not pay the HOA transfer (we didn't even ask for that, our agent did). We said fine, accept!
Then we get a call from our agent. She says that on the offer worksheet there is NO buyers credit! So basically the bank thinks we offered them $184,000. Our agent calls the listing agent (actually the 3erd party who handles all the crap in the short sale), and they say" don't worry I'll just put that in the counter" she says it shouldn't be a problem. Ofcourse our agent is pissed, and my husband is irrate. Our current house closes on june 8th. Our lender is ready and will close within a week. We just want to move forward.
My questions are: how long will it take BOA to get back to use? and Can we go after the listing agent for the $4000 if BOA says no deal?
Thank You
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Thank you for your replys.
The agent said she missed it and didn't put it on the HUD. It was in the orignal offer my agent sent to them. I know it's a long shot that B of A will accept it at this point. It's very hard to allow some many people to affect your life. We love this house and we don't have an additional $4000 cash to pay closing cost. I guess all we can do is wait.
Just an update:
Bank Of America came back today. They said they would pay $3500 towards closing. We are very excited! Thank you Bryant for your advice.
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