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Bank of America Buyer's Acknowledgement and Disclosure

Posted by Christina Waymreen on February 26, 2013 at 7:42am in Short Sale Discussions

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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Replies

  • Kevin - Greenville, SC February 27, 2013 at 8:47pm

    Find another Buyer.

    • Christina Waymreen > Kevin - Greenville, SC February 28, 2013 at 7:31am

      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.

  • TOP END Properties February 27, 2013 at 7:33pm
    Not going to happen . No exceptions.
  • Smitty February 26, 2013 at 10:57am

    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.

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