"I have been working one for almost 6 months. 60 days ago, they asked the buyer to increase their offer and they agreed...We are still waiting. Calling Terry Hairston, emailing, etc does no good. His voice mail is usually full and he never responds…"
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BOA - Won't pay/allow back Condo Fees???
Started this discussion. Last reply by Pacita C Dimacali Mar 31, 2010. 5 Replies 0 Likes
I have a condo that accrued $10,000 in back condo fees. We have negotiated with the Condo Association to pay half but I can't get Bank of America to include it in the price. Any Suggestions? The…Continue
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Susan Stuth commented on Jeff Payne's group US Bank"They are one of the worst in my book. We are at the end of the deal, they asked the buyers to raise their price at the first of March and they agreed but we have no answer. Terry Hairston takes days/sometimes weeks to answer back and NOW they are…"
Susan Stuth commented on Jeff Payne's group US Bank"Thanks. I will try. We just want an answer since the buyer agreed to the price they wanted. Can't figure out why it is taking soooooo long!"
Susan Stuth commented on Jeff Payne's group US Bank"I have a US Bank deal that started in December. I have called many times and been told there is only 1 negotiator. His name is Terry. I am in St Louis so I'm not sure if they have 1 per state or what is going on as I had read alot of the posts…"
"The last BOA short sale listing I had was also for a condo. By the time the seller contacted me, she owed about $10K not only in delinquent monthly fees, but fines and lawyer fees as well. BOA won't pay for these fees.
Buyer agreed to suck it…"
Lupe Soto replied to Susan Stuth's discussion BOA - Won't pay/allow back Condo Fees???"When I take a condo listing for short sale, I request my sellers to continue paying the HOA fees, once we get condo approval short sale, we close easily."
Dominique Van Ryckeghem replied to Susan Stuth's discussion BOA - Won't pay/allow back Condo Fees???"Escalate it up the food chain of BofA to somebody with decision power.
The negotiator is feeding you a story."
Karen Donovan replied to Susan Stuth's discussion BOA - Won't pay/allow back Condo Fees???"Susan, Same thing with my deal - BOA would not pay. The deal died. I then woke up & told owners I would rent it for them to pay up the condo fees - which we did. Now, another deal I have with BOA - my Title company just put $2500 on the HUD. I…"
Juan Reyes replied to Susan Stuth's discussion BOA - Won't pay/allow back Condo Fees???"oh boy!!
I am not sure, I had a deal where the seller stopped making her condo payment even though I told her to continue. The short sale got approved and when we requested the resale pkg found out she owed $1,400. I made her bring the money to the…"
Susan Stuth replied to Claudine Ellis's discussion BOA to Foreclose on APPROVED short sale in the group Equator"Thanks Claudine!"
Susan Stuth posted a discussionBOA - Won't pay/allow back Condo Fees???
I have a condo that accrued $10,000 in back condo fees. We have negotiated with the Condo Association to pay half but I can't get Bank of America to include it in the price. Any Suggestions? The buyer needs it in the purchase price so he can get it wrapped into the loan but it is not an allowable item on the HUD according to the neogotiater? Anyone had this problem?See More
Susan Stuth replied to Claudine Ellis's discussion BOA to Foreclose on APPROVED short sale in the group Equator"I have had a similar problem. We were heading towards Sale in January because Bank of america cancelled our short sale since the did not like the buyers offer. (You would think they would give him a chance to increase it first!) So we had to…"
Susan Stuth replied to Jim Stewart's discussion Multiple offers in the group Equator (formerly REOTrans)"Jim,
I am in St Louis and we have the same language. But here is the question to you - how does the seller accept more than one offer on his/her house? In a multiple offer situation, whether it be a foreclosure or regular sale, they only ACCEPT one…"
Susan Stuth replied to Jim Stewart's discussion Multiple offers in the group Equator (formerly REOTrans)"Jim,
You need to very careful about that. We have been advised by Bruce Aydt, legal council for Prudential Realtors and writes the legal advice column in NAR's magazine that you can only accept one offer. You can take multiple back up offers…"
Susan Stuth replied to Wendy Rulnick's discussion Reason for Rejection: Other in the group Equator (formerly REOTrans)"Hi Wendy,
I called the other day and was told I had to speak to someone who acutally could access Equator and could talk to me about it. They was the first time for that. Truly finding someone who really knows what is going on is the trick!
I have…"
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