BofA offer fell out 2 days prior to close, next day have new cash offer at same price...
We had a closing fall out 2 days prior to close due to buyer financing, everything was signed and ready to close...put property back on the market the next day we received a full price offer (same as previous approval), all cash with no appraisal contingency. Is anyone aware of a "fast track" with B of A for such a situation, I had heard that there may be a way to make that happen. Any suggestions or advice would be greatly appreciated! Thank you
Replies to This Discussion
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Permalink Reply by Joseph Alfe on
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upload the new offer to equator, you should get a quick reply
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Permalink Reply by Ann Howard on
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Contact you short sale specialist immediately and let them know you have a back up offer. (Be aware that it will require analysis and investor approval which adds time to the short sale process) You have 5 calendar days to submit to equator. Submit short sale offer by going into My Properties & Offers and selecting Place Offer, Upload initiation documents. The short sale can proceed with the same negotiator and is streamlined if you get it in within the 5 days.
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