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Not sure where that one comes from, I have listed and sold alot of BofA short sales and CW short sales and most of the time we price them right and get an offer immediately. Unless this is something that they changed, I know nothing of the 90 day rule.
The lender will issue the 1099 but it is my understanding that since it is their primary residence, a 1009 will be issed by no tax will be owed, that is a good one for your CPA or tax attorney.
Just listed one the day before yesterday and got an offer an hour ago. This is a homeowner that has already had a default judgment entered against them. It'll be my first BOA as well... ;-)
I too am listing my first CW/BOFA short sale property. I hear nothing but a living nightmare with this company and I am encouraged to see otherwise reading these informational posts. I see the link for the agent forms - are these current? Thanks so much for this forum and members for their valuable time and info!
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