BOFA short sale Need help/advice

this is a purchase money loan. buyer is getting loan. Got approval on 3/2/2011 for COE 3/3/2011 trustee sale date is 3/9/2011. Are they crazy, I have called, emailed BOFA manager & negotiator and all they say is due to history of loan investor will not approve extension. Seller agreed to bring in $1000 to close and they are getting $125,000.00 , if this house forecloses they will be lucky to get $105K. I tried explaining this and why wont they extend trustee sale date and give buyer opportunity to close escrow?

Does anyone have contact to have someone review file? Need help? Don't want to loose this deal

thank you

Yvette Sloan

Morgan Lane Real Estate

707-355-2171

Lic# 01413657

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Replies to This Discussion

Permalink Reply by Celeste ODea on March 6, 2011 at 7:56am

Only BOA can stop the foreclosure. Send a read-receipt email to [email protected] and ask that this file be urgently escalated due to the impending foreclosure. You will definitely receive a call from the chairman's staff. Make sure you state the facts, but not in lengthy paragraphs. Let me know what happens. Good luck!

Permalink Reply by Wendy Smith on March 6, 2011 at 2:02pm

agreed. contact Brian Moynihan's office asap. As Celeste points out, stick to the facts, not the drama.

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