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BOA wants 2 week closing no price approval extention granted

Started Nov 16, 2011 0 Replies 0 Likes

Can HOA delinquent dues be negotiated down?

Started this discussion. Last reply by Kevin - Greenville, SC Nov 15, 2011. 4 Replies 0 Likes

If so, by the selling agent...my agent? How does one go about this? Any successful stories to share?Continue

BOA Known for letting houses go to auction without reply about counter offer?

Started this discussion. Last reply by Michael Ackerman, CRS, SFR, Oct 31, 2011. 11 Replies 0 Likes

In contract with BAC on SS started Sept 1st. Originally they pushed back the trustee sale until OctoberTed 27.t they countered on October 15 and we countered back. Selling agent asked for an…Continue

How close to a sell date can postponement happen?

Started this discussion. Last reply by Eric Mieles Oct 25, 2011. 4 Replies 0 Likes

We are in negotiations with BAC on a house that is schedule to sell this Thursday. The selling agent said he spoke with BAC last Friday (they are considering our counter offer) and they planned to…Continue

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Darlene Pieracci posted a discussion

BOA wants 2 week closing

I cannot awake from the nightmare! Submitted an offer Sept 1st...BOA countered and we countered back...BOA approved our counter on November 2 with a closing date of November 25th. The second drug their feet and approved on Monday (14th). We had been in contract with this home before and TFT no fault of property. Our bank would fund only after the approval extension expired (just how the cards fell). BOA said no extension. We were told by the negotiator to submitted another contract and…See More

Nov 16, 2011

0 Comments 0 Likes

Kevin - Greenville, SC replied to Darlene Pieracci's discussion Can HOA delinquent dues be negotiated down?

"The answer is 'maybe'..... http://wildelawfirm.com/blog/home-owner-associations-and-short-sales/ "

Nov 15, 2011

Darlene Pieracci replied to Darlene Pieracci's discussion Can HOA delinquent dues be negotiated down?

"Sounds promising! Thanks!"

Nov 14, 2011

cesar llanes replied to Darlene Pieracci's discussion Can HOA delinquent dues be negotiated down?

"Darlene, Yes, HOA delinquent could be negotiated. Ask the listing agent or the seller. I prefer the listing agent to negotiate because they have the HOA information and he should know how to handle this transaction. Sometimes, Seller…"

Nov 14, 2011

Wendy Rulnick replied to Darlene Pieracci's discussion Can HOA delinquent dues be negotiated down?

"Darlene - HOAs will often accept reduced payoffs to get a new "paying" owner into the association. Who negotiates it? It depends. You can call your association yourself and explain your situation. Sometimes that is best, since the…"

Nov 14, 2011

Darlene Pieracci posted a discussion

Can HOA delinquent dues be negotiated down?

If so, by the selling agent...my agent? How does one go about this? Any successful stories to share?See More

Nov 14, 2011

4 Comments 0 Likes

Darlene Pieracci replied to Wendy Martin's discussion BofA does it again

"That's terrible...we were in the same situation 2 weeks ago with BOA. Waiting on the approval from the counter offer but the selling agent had to email and call into the negotiator several times. If you look at my posts in the…"

Nov 9, 2011

Michael Ackerman, CRS, SFR, replied to Darlene Pieracci's discussion BOA Known for letting houses go to auction without reply about counter offer?

"Darlene, First off, short sales are an art form, the art of communication, cogitation and cooperation. If the listing agent has never done one, or they are simply handing them over to a licensed or in some cases unlicensed negotiator (seen it),…"

Oct 31, 2011

Darlene Pieracci replied to Darlene Pieracci's discussion BOA Known for letting houses go to auction without reply about counter offer?

"What???"

Oct 30, 2011

Darlene Pieracci replied to Darlene Pieracci's discussion BOA Known for letting houses go to auction without reply about counter offer?

"Down to the last minute...the bank extended until Nov.28th...surprise, surprise. Now we are waiting for the status on our counter offer. Received an automated response, I believe... Thank you for providing all of the information requested for…"

Oct 28, 2011

Jeff Payne replied to Darlene Pieracci's discussion BOA Known for letting houses go to auction without reply about counter offer?

"I hate to hear these stories, I always tend to look back at the listing agent. If it were me I would have escalated the file as far as the CEO of Bank of America until I got someone who can make a wise decision."

Oct 26, 2011

Darlene Pieracci replied to Darlene Pieracci's discussion BOA Known for letting houses go to auction without reply about counter offer?

"Thanks Jeff. If you've seen any of my previous posts, we've been in contract with the house since April. It fell out in August because it had gotten down to the wire (again) and funding wasn't going to be available until…"

Oct 26, 2011

Jeff Payne replied to Darlene Pieracci's discussion BOA Known for letting houses go to auction without reply about counter offer?

"Darlene, the listing agent MUST be very proactive;however, when you run into one that is not, it is extremely important for the buyers agent to be proactive. Sending an email and saying "can't force him to call" is not…"

Oct 26, 2011

Darlene Pieracci replied to Darlene Pieracci's discussion BOA Known for letting houses go to auction without reply about counter offer?

"The selling agent is fed up at this point with B of A. All my agent is telling me that he has sent an email (again). Can't force him to call...my agent is disappointed as am I. All is lost on my end...thanks for the advise."

Oct 26, 2011

Jeff Payne replied to Darlene Pieracci's discussion BOA Known for letting houses go to auction without reply about counter offer?

"I agree with Cody, if the listing agent is just sitting back and not actively communicating with the lender/negotiator then yes it is pretty common for BofA to foreclose. It takes a willing effort on the listing agents part to get it…"

Oct 26, 2011