BofA holds the first and second. The first will be paid in full but not the second. My client is the buyer and from what I can see the listing agent hasn't done any short sales with BofA. It is a large office, so I am hoping someone will tell him how to do this. I just sent in the offer and I am crossing my figures.
Has anyone been in this position with BofA? Do they do the seconds in Equator also?
Thanks for any help!
Valorie
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Amazing, I had one where BofA was the first and Wells Fargo was the second and BofA would only allow the second $3,000. I was lucky both accepted the short sale with nothing being brough in to close.
I am a buyer on a 'B of A' Short Sale. The sellers have a 1st and 2nd out with 'B of A.' I am not sure how much they owe on either. We offered a competive price (list price). We were just informed by the agent (dual representing for us and seller) that it has gone to underwriting. Did your transaction come to close? How long did it take or how long are you still in the process?
Thanks for any information!
John Maceli
California
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