sofy bark
  • florida
Share on Facebook
Share

Sofy bark's Friends

  • Thom Colby CA Brkr 888-391-5245
  • Wendy Smith

sofy bark's Discussions

backup offer

Started Mar 11, 2012 0 Replies

any suggestions about back up offers...please contact meContinue

BACK UP OFFER

Started this discussion. Last reply by Jeff Payne Mar 14, 2012. 16 Replies

CAN SOMEBODY CONTACT ME REGARDING A BACKUP OFFER AND EQUATOR I DO NOT UNDERSTAND WHY BANK OF AMERICA IS STALLING THE SHORT SALEContinue

 

sofy bark's Page

Profile Information

First Name
sofy
Last Name
bark
Are you a...
Buyer
State
florida
City
fort lauderdale

Sofy bark's Blog

BOFA SHORT SALE DEPT

Posted on March 10, 2012 at 10:26am 7 Comments

ANYBODY FROM BOFA SHORT SALE PLEASE ..I NEED SOME CLARIFICATIONS.

THANKS

Comment Wall (6 comments)

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

At 8:04pm on September 20, 2012, John Edelman said…

what is your question?

At 10:31am on March 12, 2012, Jeff Payne said…

Your offer is a back up and can not be submitted into equator until the first offer is declined and dead.  The bank does not own the property, your offer is between you and the seller.  The banks job is to release the lien and approve the short sale.  Remember that the seller can only sell to one person and that is the person that they are under contract with, the first buyer

At 10:21am on March 12, 2012, Jeff Payne said…

Sofy a soft decline is intended to be able to start essentially where ever the file left off, compared to a hard decline that closes the file and it has to start over.  There is not always a big difference depending on the negotiator at the bank

 

At 8:45am on March 12, 2012, Jeff Payne said…

It is because your offer was never submitted to the lender, it was held as a back up offer.  The bank does not know about your back up offer and does not care about it until the first offer is rejected or the short sale is soft declined.  You would want them to soft decline the first offer so that yours can be placed in without starting over.

 

At 5:20pm on March 11, 2012, Wendy Smith said…

you are the back up buyer?  who prepared your back up offer...listing agent?  buyers agent? 

At 2:42pm on March 11, 2012, Wendy Smith said…

hi Sofy, what's up?

 
 
 

Members

© 2017   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************