I just had this lovely cooperative short sale all set up with a cash buyer. Sent him the Bank of American buyer's disclosure when lo and behold buyer is an executive with Bank of America. What is the reasoning behind them not allowing their own to buy residential property in a short sale when they are offering the full price requested by the bank? No way around it? Anyone? Or should I just say adios and list it again.
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Find another Buyer.
Thanks, guys. No exceptions to the rule. Next short sale listing with BOA will have this set up in realtor remarks and the addendum signed immediately. I don't normally know where the buyer works when they sign a purchase contract.
Ug. That totally stinks, and is completely stupid. Maybe they can get some sort of exception, but even if they do chances are the lowly negotiators would have no clue what to do with it and then just deny the sale.