Replies to This Discussion

Permalink Reply by Wendy Smith on July 28, 2010 at 1:03am

Your buyer's agent is pretty much at the mercy of the listing agent - there's not much a buyer's agent can do but perhaps make requests/suggestions. How about the listing agent contacting the MI company? The MI company cannot "order" the lender to do anything but I've had to enlist the help of the MI company on a couple of occasions to close the sale.

Permalink Reply by Stephanie Lim on July 28, 2010 at 1:22am

What Wendy said... in my experience BOA waits until a couple of days before to cancel a foreclosure sale...so there is hope. But the listing agent has to stay on top of the issue and request the cancellation.

Permalink Reply by joe beauchamp on July 28, 2010 at 9:42am

BofA policy is that if you have a negotiator, you may request a postponement w/in 2 days of the sale. If you do not have a negotiator, it is 5 days prior. I have run into reps who understand exactly the opposite - and worse than that, their silly supervisors back them 100%. It is a touchy area and I've lost houses because of BofA incompetence and mishandling so you should be concerned. Because you get to a crucial point and that is when you run into these bozo-reps, you should make sure that the rep notes that you called to have the sale postponed. Maybe because the world of logic is so alien to BofA, reps don't listen to an argument based upon logic when you explain that it makes no sense to say that you can postpone a sheriff sale BEFORE 5 days before the sale but not at 4 days - then I'd ask you to postpone it 8 months in advance - that's silly, right? Nope, makes no sense to them, hence, when I get the brain-dead wonders who say that, I make them look at the notes to see that I did, indeed call 10 days before to ask for the postponement. Idiots.

On top of that, the attorneys who do these sales do not pull the sale until the morning of the sale. If you check with the sheriff, you will find that until the very morning, it is still up for sheriff sale. Maybe that is how attorneys get their jollies - that and pulling wings off of flies - they don't get paid more to make you miserable, they much do it for sheer fun..??

I have one that took about a week for them to acknowledge that a sale was going to happen - I finally had to call the attorney (again) and get contact info, case number and call multiple BofA departments before (just yesterday) they finally acknowledge that a sale is scheduled - then, of course, they told me I can't ask for the postponement until 2 days prior - and then, of course, I tell them to note in the log that I called in and asked for a postponement. No, I don't trust BofA at all and have lost houses to their fun little processes.

Permalink Reply by Lori Joiner on July 31, 2010 at 2:46pm

Ben,

Dont panic. My last short sale was in foreclosure and I was stressed beyond belief. Apparently, BofA has to wait to request a foreclosure just a week or so prior to the sale date. The seller or listing agent need to contact the negotiator via the Equator system or call customer service and have some look into this right away. If need be, have them "escalate" the call to the negotiator's manager.