Pay Off Notice
We put in an offer on a BofA short sale and we keep being told we should get the approval any day now...but we are still waiting. The latest I have heard was from the listing agent and she said "They just requested the 2nd payoff notice that was already approved..but no final approval yet." What does that mean? I know we are waiting on approval from 2 investors. Does that mean the other investors approve the amount they are going to recieve?
Replies to This Discussion
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Permalink Reply by Reuben Dunn on
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It means that the 2nd investors are not required to accept any short sale offers. They can demand payment in full of the arrwars. Some have even moved towards all out foreclsoure.
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