Comments - BoA SHORT SALE APPROVAL FORM LETTER - DEFICIENCY WAIVER AND DEFICIENCY NON-WAIVER EXAMPLES - Short Sale Superstars2024-03-29T11:25:26Zhttp://shortsalesuperstars.com/profiles/comment/feed?attachedTo=3468065%3ABlogPost%3A58918&xn_auth=noThe last couple non-GSE Appro…tag:shortsalesuperstars.com,2012-03-21:3468065:Comment:2208002012-03-21T06:13:52.179ZKevin - Greenville, SChttp://shortsalesuperstars.com/profile/KevinMWillson
<p>The last couple non-GSE Approvals have read - </p>
<p>If it is subsequently determined that the approval of the short sale was based, in part, on<br/>information which Bank of America, N.A. later determined to be false or misrepresented or<br/>fraudulent, Bank of America, N.A. reserves the right to pursue the remaining balance of the<br/>note.</p>
<p>The last couple non-GSE Approvals have read - </p>
<p>If it is subsequently determined that the approval of the short sale was based, in part, on<br/>information which Bank of America, N.A. later determined to be false or misrepresented or<br/>fraudulent, Bank of America, N.A. reserves the right to pursue the remaining balance of the<br/>note.</p> I just got another BOFA appro…tag:shortsalesuperstars.com,2010-11-18:3468065:Comment:592922010-11-18T00:19:05.913ZWendy Rulnickhttp://shortsalesuperstars.com/profile/WendyRulnick
I just got another BOFA approval today - the "old" letter. I asked the negotiator if they can control what is issued. She said if this investor seller had paid 10% of the balance as a cash contribution, they would have. She also said they had a formula, part of it includes if the seller ever occupied the property as a primary residence.
I just got another BOFA approval today - the "old" letter. I asked the negotiator if they can control what is issued. She said if this investor seller had paid 10% of the balance as a cash contribution, they would have. She also said they had a formula, part of it includes if the seller ever occupied the property as a primary residence. Good stuff Richard. My last 2…tag:shortsalesuperstars.com,2010-11-17:3468065:Comment:589462010-11-17T11:43:46.138ZBryant Tutashttp://shortsalesuperstars.com/profile/bryanttutas
Good stuff Richard. My last 2 shorts with BofA have had the new letter. My sellers were very pleased.
Good stuff Richard. My last 2 shorts with BofA have had the new letter. My sellers were very pleased. Richard - Excellent synopsis…tag:shortsalesuperstars.com,2010-11-17:3468065:Comment:589272010-11-17T04:59:21.522ZWendy Rulnickhttp://shortsalesuperstars.com/profile/WendyRulnick
Richard - Excellent synopsis and evolution of BOFA short sale approval letters. I hope they migrate more to the newer version.
Richard - Excellent synopsis and evolution of BOFA short sale approval letters. I hope they migrate more to the newer version.