Replies to This Discussion

Permalink Reply by Wendy Smith on December 8, 2010 at 7:45am

honestly folks, we are going to have to band together and ... I dunno but BAC is a train out of control. What if everybody starting emailing/calling/faxing the guys with the big paychecks? What if everybody started complaining to the Comptroller or Congressman or Governor - could somebody draft a complaint letter and post it? we could ALL print it and MAIL it (yes snail mail it!) ..
How many more horror stories do we share before SOMETHING gets done? How many more lives of homeowners will this bank be allowed to trample upon? Anyone?

Permalink Reply by S Smith on December 8, 2010 at 7:49am

Thank you Wendy. I honestly am at my wits end. I think my husband is going to have a heart attack. He was so upset when he found out and called BOA and kept telling them about an hr. ago that the buyer did come back and gave them the money BOA wants! I am so scared we will go to foreclosure. The hold up was being denied for HAFA over 60 days waiting alone for that and then it escalated to a traditional short sale... This seems so fraudulent!
Is there anyone higher up the lawyer can speak to? Is this where it ends? We have a decent offer on the table and have emails from someone at BOA stating if the buyers can come up a little more they would reconsider per email to husband.

Permalink Reply by Wendy Smith on December 8, 2010 at 8:30am

call me at 727-452-3301 I'm on Eastern time

S Smith said:

Thank you Wendy. I honestly am at my wits end. I think my husband is going to have a heart attack. He was so upset when he found out and called BOA and kept telling them about an hr. ago that the buyer did come back and gave them the money BOA wants! I am so scared we will go to foreclosure. The hold up was being denied for HAFA over 60 days waiting alone for that and then it escalated to a traditional short sale... This seems so fraudulent!
Is there anyone higher up the lawyer can speak to? Is this where it ends? We have a decent offer on the table and have emails from someone at BOA stating if the buyers can come up a little more they would reconsider per email to husband.

Permalink Reply by James Wehner on December 8, 2010 at 8:47am

Since you have an attorney handling your short sale, you are just going to have to go with their recommendations. They should know the negotiator they are dealing with and what the odds are that the deal will be reconsidered.

Are they close to the trustee sale date? Sometimes I've seen lenders stand on their price if the trustee sale date is just around the corner and they feel that they can net close to the same amount as the short sale offer.

Best of luck!

Permalink Reply by S Smith on December 8, 2010 at 10:52am

Wendy Smith said:

call me at 727-452-3301 I'm on Eastern time

S Smith said:

Thank you Wendy. I honestly am at my wits end. I think my husband is going to have a heart attack. He was so upset when he found out and called BOA and kept telling them about an hr. ago that the buyer did come back and gave them the money BOA wants! I am so scared we will go to foreclosure. The hold up was being denied for HAFA over 60 days waiting alone for that and then it escalated to a traditional short sale... This seems so fraudulent!
Is there anyone higher up the lawyer can speak to? Is this where it ends? We have a decent offer on the table and have emails from someone at BOA stating if the buyers can come up a little more they would reconsider per email to husband.

Wendy, they are reopening it supposedly! Stay tuned. This is mind bending....thank you so much and probably will call you soon!

Permalink Reply by Kimberley Kelly on December 13, 2010 at 3:35am

Did your Atty call Loss Mitigation, escalate with a supervisor?  Tell them he's (she's) recording the conversation with the supervisor and expects the decision to be reversed and file to be re-opened? 

Permalink Reply by S Smith on December 27, 2010 at 3:42am

UPDATE:

Was assigned NEW Negotiator Dec. 17th, then as of Dec. 21st got YET ANOTHER NEW NEGOTIATOR! Even our atty.s office said, huh? That they had the most recent negotiator. My husband called BOA and was told on Mon. Dec. 20th
that there was a NEW negotiator YET AGAIN for no apparent reason assigned. Meanwhile from Dec. 6th the last counter by buyer of 250,000  we all sit here and wait in limbo. NOW, the our paralegal emails and says we need to UPLOAD ALL NEW FINANCIAL DATA AND INCOME. Geez, nothing has changed. My husband still makes the same money,, just more in the hole thanks to BOA! I am surprised the buyer hasn't walked yet. This has been going on from August! So now after 3 weeks, they are just getting around to it! We have an offer from buyer on table and were told the file had been closed due to BOA saying 3 times and your out basically...

 

Is there any way to escalate this?   BOA wanted 250k plus 10 from us. That is when buyer countered at 250k...and submitted. We were told the case was re-opened as of Dec.7th. offer  .NOW, after this long they want EVERYTHING re-entered!! Will this take another 45 days?Longer? If this offer isn't taken then we will definitely FORECLOSE on this house...thanks to BOA....We are already now in Foreclosure status WITH NO DATE SET though..as of this past week. This is ludicrous! Were told the file was re-opened Dec.7th  and now almost 3 weeks later...we are back to square 1? with AN OFFER ON THE TABLE?
Kimberley Kelly said:

Did your Atty call Loss Mitigation, escalate with a supervisor?  Tell them he's (she's) recording the conversation with the supervisor and expects the decision to be reversed and file to be re-opened? 

Permalink Reply by Wendy Haisley on January 4, 2011 at 7:02pm

Have your negotiator email BofA's negotiator to have file "fast-tracked."  Because you are working with the original buyer, they can do so.  Your lawyer can call 866-880-1232 to request the fast track as well.  This will get mgmt involved to get the whole deal back to where it was when it was declined.  The reason you have to reprovide financial docs is because once short sale is declined from Equator, all data is lost with it and there is no way for BofA to retrieve it.

Permalink Reply by S Smith on January 13, 2011 at 5:26am

We had this fast tracked on 1/4. My husband calls every day to see if we have a foreclosure date set yet and thankfully we do not. This started back in early Sept. He said this is taking way too long and that our buyer will walk soon. C/S supposedly had it fast -tracked.. I wish the paralegal or atty. would have thought of this considering they do these all the time. So now it's yet again in Fannie Mae's hands. My husband wanted to know if it was from Dec.6 for them to come back or is it based on 12/21 with the new negotiator reassigned.? BOA of course won't tell us!  Is it true they have up to 45 days to come back with their counter? God knows I am sure they won't take the 250k....

 

Do they also accept promissory notes if we couldn't come up with the 10k additional on our end? I will update when I hear more. So frustrating. I cannot believe short sale dept. has no communication with f/c dept! It baffles me.

Wendy Haisley said:

Have your negotiator email BofA's negotiator to have file "fast-tracked."  Because you are working with the original buyer, they can do so.  Your lawyer can call 866-880-1232 to request the fast track as well.  This will get mgmt involved to get the whole deal back to where it was when it was declined.  The reason you have to reprovide financial docs is because once short sale is declined from Equator, all data is lost with it and there is no way for BofA to retrieve it.