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BOA

Posted by SueEllen Morse on April 20, 2010 at 3:29am in Short Sale Discussions

I have a PA on a property that was listed as an REO in January. Oops! TBW didn't have the property anymore so it was withdrawn from the MLS and my client still wants the property. I still have the PA and the deposit. TBW didn't have it and I was told Saxton had it now BOA has it. There is no seller the property has been sitting for over 1 1/2 + the sellers are long gone. On the tax roll it says TBW but I know that BOA has it because they told me. However it is still in forclosure they say and might be there for awhile. They said try a Short Sale which would be great but I can't without the sellers autorization (long gone) It's a cash sale I have the PA and EMD estimated HUD but BOA won't look at it without the sellers autorization so the house continues to sit vacant.

 

Any ideas?

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Replies

  • Bryant Tutas April 20, 2010 at 9:34am
    SueEllen, Without the seller there is no other route to take. The bank can't do a thing about it unless they own the property. Find the buyer another property or wait for it to go through the foreclosure process and come back on the market.
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