Tags:
Try this guy to start
Vice President Asset Management
His music career must be over....:)
Daryl Hall
Vice President Asset Management
+1.703.903.2000
[email protected]
The daryl hall email is address is no longer valid..but the other one went through....thanks
His Freddie Mac career must be over! LOL
Christina Conrad said:The daryl hall email is address is no longer valid..but the other one went through....thanks
Actually need a chuckle today!!! and this was it!
He's right up there with Linda Green (the robo signer!... yes, signer not singer, only Jeff sings on the lawn of his closings!)
Beware... I had a seller just yesterday (7.18.11) where both mortgage insurers pulled the rug out from underneath the seller, right after BoA approval.
It was a cash offer with seller bringing $20,000 to closing to help satisfy both 1st & 2nd and both loans were with BoA oddly enough.
BoA sent approval letters on the offer but BOTH mortgage insurers also stated they would not approval the deal unless seller paid back the mortgage balance in full (over time). This was never indicated or mentioned until the final hour, just days before the property was scheduled to go into foreclosure.
Keep in mind, it was an all cash offer.
What bewilders me is this is a 2005 condo, but is not HUD approved, so only buyers with all cash can purchase in this community - not even VA. In addition, the offer, with seller contributions, was for more than market value too. So I know for a fact that BoA and the insurers will never get another deal like this for at least 6-8 months. And even then, it will be for at least $20,000 less because the values are falling in this particular complex, and falling fast.
There are several acronyms I feel like posting, but my professionalism prevents me from acting on them.
Too bad my initials aren't "WTF!"
Good luck Christina, and I hope someone can pull for you. But I had some very seasoned and professional real estate attornies working on this file for me and even with their congressional connections, nodda! In their own words, “it is an incredibly difficult ordeal fighting against a government agency.”Frank
Yes, Frank, I have had similar experience, however, not as complex...I know a lot of people on here trust BOA, but I don't..no offense to anyone, but I have had to many BAD experiences with them to TRUST them...to give you all an update on my situation...they declined the ss because they don't like attorneys initiating them in Equator..so we have to pow-wow today with the real estate company to see how we are going to get around this because BOA can pretty much do what they want.....this really bites..especially with a f/c right around the corner...good grief Charlie Brown!
Frank Biganski said:Beware... I had a seller just yesterday (7.18.11) where both mortgage insurers pulled the rug out from underneath the seller, right after BoA approval.
It was a cash offer with seller bringing $20,000 to closing to help satisfy both 1st & 2nd and both loans were with BoA oddly enough.
BoA sent approval letters on the offer but BOTH mortgage insurers also stated they would not approval the deal unless seller paid back the mortgage balance in full (over time). This was never indicated or mentioned until the final hour, just days before the property was scheduled to go into foreclosure.
Keep in mind, it was an all cash offer.
What bewilders me is this is a 2005 condo, but is not HUD approved, so only buyers with all cash can purchase in this community - not even VA. In addition, the offer, with seller contributions, was for more than market value too. So I know for a fact that BoA and the insurers will never get another deal like this for at least 6-8 months. And even then, it will be for at least $20,000 less because the values are falling in this particular complex, and falling fast.
There are several acronyms I feel like posting, but my professionalism prevents me from acting on them.
Too bad my initials aren't "WTF!"
Good luck Christina, and I hope someone can pull for you. But I had some very seasoned and professional real estate attornies working on this file for me and even with their congressional connections, nodda! In their own words, “it is an incredibly difficult ordeal fighting against a government agency.”Frank
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