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I can't wait to read the article - some of these stories defy logic !! Does it have to be a Bank of America deal?
How about my story:
April 1st- offer accepted
April 30th- signed p & s
June 1st- Seller's attorney filed paperwork with BOA
July 7th- no negotiator had been assigned so the attorney called,, Second mortgage through BOA approved sale good until 8/3
July 27th- told that the offer was rejected and file closed since it needed to go through equator.
July 29th- told by supervisor that the file was reopened and that it could not go through equator.
August 16- BPO appraisor went to house- attorney had no idea since the appraiser went through the real estate agent
August 20th- Attorney can not get in touch with negotiator- he will not answer the calls. We are stuck waiting as we are locked into the deal until October 1st (we would lose our $10K deposit).
Terrible experience as BOA does not respond to inquiries and we have no idea what is going on. I guess this is what is expected from BOA. Also, the seller's attorney seems like a dolt as she isn't making weekly calls and the seller's agent has relinquished everything to the attorney. October 1st is right around the corner. We are actively looking at other houses but nothing has come on market that we both like. Starting in September if we see something we like, we will make an offer with a contigency that P&S isn't signed until October 1st.
Unfortunately, the seller's attorney is the only one authorized to talk to BOA on the seller's behalf. So even though I call the attorney weekly, she is unresponsive to doing anything outside of her timeframe.... Very frustrating as I was told she was a short sale expert when I was making the offer. Obviously, she was over stating her qualifications as I feel she is sitting around waiting. No much I can do as she has her own timeline that she is following. My real estate agent has talked to her too and she is all talk and no action (outside of her timeline). Frustrating!
Unfortunately, the seller's attorney is the only one authorized to talk to BOA on the seller's behalf. So even though I call the attorney weekly, she is unresponsive to doing anything outside of her timeframe.... Very frustrating as I was told she was a short sale expert when I was making the offer. Obviously, she was over stating her qualifications as I feel she is sitting around waiting. No much I can do as she has her own timeline that she is following. My real estate agent has talked to her too and she is all talk and no action (outside of her timeline). Frustrating!
Unfortunately, the seller's attorney is the only one authorized to talk to BOA on the seller's behalf. So even though I call the attorney weekly, she is unresponsive to doing anything outside of her timeframe.... Very frustrating as I was told she was a short sale expert when I was making the offer. Obviously, she was over stating her qualifications as I feel she is sitting around waiting. No much I can do as she has her own timeline that she is following. My real estate agent has talked to her too and she is all talk and no action (outside of her timeline). Frustrating!
I do, but B of A is by far the worst! I have about 10 horror stories, I didn't think it was possible for 1 bank to screw up this much! What do you need to participate? I have been searching for a forum to file a complaint on them so someone hears us, I would loooove to share my thoughts!
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