Hello,
Initiated a BofA short sale, seller has had the property released through their completed bankruptcy. I have the "Case Closed" document. Has anybody closed a short sale with this scenario? They have ordered the BPO at t this point. Thanks,
Brian
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yes. You will need to send the bankruptcy discharge as part of the short sale package. BofA will still ask for financials from the seller.
I have closed a few post bankruptcy properties with both BoA and Wells Fargo. I agree, you will need the bankruptcy release documentation. The short sale process may take a little longer as the file will need to be reviewed by their bankruptcy department, but other than that, it should proceed as a typical short sale.
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