Comment

Comment by Kylee Roe on July 1, 2010 at 3:55pm

Closed a longer running, pain in the patooty BAC today! YAY. Thru the process I kept trying to details to share here. I finally got my counter offer thru to management for ok because my negotiator was out sick, and I was passed to another guy, who actually was helpful! And that was after going thru several numbers of finding out my negotiatiors supervisors to complain she wasn't communicating back. So, with that in hand, I was able to get the offer ok'd. BUT.....beware, seen it here on this site before. FILL IN THE OFFER ON EQUATOR with every fee, credit expense, etc. It is difficult to go back. I straightened it out quickly, negotiator was new on the system too (started this back in March), so I had some ammo.

And just because they don't approve one thing, doesn't mean you can't rewrite it and put it someplace else! Our closing agent wouldn't approve anything in the 800's (line items on hud), but we changed that around a bit, put in another section, still a credit to the buyer, and it was approved in a couple hours.

B of A is still messed up, still complicated beyond reason, and sigh....I just listed another one with two loans and M.I. Keep them cards and letters coming.

K

Comment by Julie R. on July 1, 2010 at 3:56am

This extension is TRUE and is just awaiting the Presiden'ts signature. If I lived any closer, I would take him a pen. You do not even want to know all that was happening in the capital yesterday just to get to that point, but thankfully, with all the pressure put on the Senate from us, the public, it happened. Thank you Gunna for calling and emailing, too. =)

Comment by Gunna Voigt on July 1, 2010 at 3:48am

Senate definitely passed the extension late last night. Now just waiting for the President's signature, and then buyers will have till Sept. 30 to close! Thank God! I had called and emaileld my Senators yesterday and asked all lmy FB friends to do the same. Maybe they did!

Comment by Gunna Voigt on July 1, 2010 at 3:46am

That is a good question. If the bank kept it up, we may have a leg to stand on, if they didn't because the owner didn't pay them, we are in trouble. But I'll check. Thanks!

Comment by Cynthia Robbins on July 1, 2010 at 2:43am

Gunna: regarding the vacant short sale. how about the homeowner's insurance? Will they make any repairs?

Comment by Michael Schneider on July 1, 2010 at 2:25am

From the Senate digest:
Homebuyer Assistance and Improvement Act: Senate passed H.R. 5623, to amend the Internal Revenue Code of 1986 to extend the homebuyer tax credit for the purchase of a principal residence before October 1, 2010, in the case of a written binding contract entered into with respect to such principal residence before May 1, 2010, clearing the measure for the President.
(Not that I claim to have any understanding whatsoever of the process of passing legislation. I just do google...)

Comment by Wendy Rulnick on July 1, 2010 at 2:19am

Thank you to Jennifer Luna for advising of new BOFA fax number. Everyone- please let group administrator's know of new telephone numbers for any groups on the site. It's a pleasure working with you all!

Comment by WellsShortGoneLong on July 1, 2010 at 2:12am

Senate has passed awaiting President's signature

Comment by Brigitte Powell on July 1, 2010 at 1:52am

I also heard that the Senate did not pass an extension but am hoping that was a "general extension"

Comment by Brigitte Powell on July 1, 2010 at 1:51am

Thanks Steele, BoA closing officer said they were told that the Senate will pass the extension for those who were under contract by the 30th of April. Let's hope she is right. :-)

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