Seeking Acceptable Reasons for BofA to Extend SS Closing Date

Have just received a SS agreement ltr. from BofA. Need extension for the buyer to arrange and finalize funding for a cash deal. I've heard BofA very tough on granting an extension. Anyone had experience or know what is agreeable for them to extend?

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Permalink Reply by Janie Booth on October 25, 2010 at 5:12am
Talk to your closer. They usually will reluctantly give you one extension, so make sure you allow enough time. Next time you are in the counter offer process, always counter the closing date out 60 days, even if you accept other terms. This will reduce on your extension requests.
Permalink Reply by Tracey Martin on October 25, 2010 at 9:56am
I agree. Talk to your closer. Try to have specifics as to what arranging and finalizing the funding means. The more details you can give them as to why you are requesting the extension, the more likely you are to get.

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