Bofa and 30 day transfer clause - Has anyone gotten them to remove it?

I have an investor who has an approved offer on a bofa short sale but won't close if line item#10 on the approval letter isn't removed ie. "There are to be no transfers of property within 30 days of the closing of this transaction". Has anyone been successful getting this removed and how did you do it? Tx, Pam

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Comment by Michael Dacko on March 8, 2011 at 8:57am: Well I would have expected to see more traffic on this subject, but I'll have to ask this again.....has anyone been able to waive line item #10 about 30-day resale language in BOA's approval letter?

Comment by cheryl on June 24, 2010 at 8:34am: Never say never...BofA is tuff BUT do want the deal done. If your investor/buyer should have already known this at the starting gate. However, he will have to conform as BofA won't!!!!

Comment by Bryant Tutas on June 24, 2010 at 12:14am: Nope. You will be spinning your wheels on this one. The offer should have never been accepted by the seller knowing the investor was going to flip. The listing agent should have specifically asked the investor this question and if the investor stated it wasn't an issue have him sign off on it and place a non refundable deposit.

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