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BofA denied a short sale to the children of married couple killed in a motorcycle accident

Posted by Rose Balhorn on April 1, 2012 at 1:59pm in Short Sale Discussions

If there was ever a time to allow an "arms length" transaction this would be it.  A young married couple were killed together in a motorcycle accident leaving three sons 28 years old and younger.  The sons want to keep their parents home,(value is less than balance owed)  but BofA said no to the short sale because it is not an arms length transaction. What could they possibly be thinking???? 

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Replies

  • Kevin - Greenville, SC April 2, 2012 at 10:48am

    Bank of America @BofA_Help mentioned you:
    @kevinsells Thank you for letting us know. Someone will be contacting the agent regarding this matter shortly. ^ee
  • Kevin - Greenville, SC April 2, 2012 at 9:26am

    Start a Petition - www.change.org

  • Jeff Payne April 2, 2012 at 5:33am

    Blow this one up to the media! 

  • Smitty April 2, 2012 at 2:18am

    Oh yes.  I 100% agree with Kevin.  If there was EVER a time to call your local media and let them know a story (with kids permission of course) this is IT.  It's time these arms length transaction forms get losened up a bit.  Write the paper call the news outlets, blog it, write everyone you can.

  • Kevin - Greenville, SC April 1, 2012 at 3:51pm

    News media!!!!! Blog it, Facebook it, tweet!!  Also, who is the Investor? 

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