I am currently working on a short sale and the seller just recently went to active duty in the military. How does this affect the short sale? The loan is with BOA.
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Bank of America is giving extra attention to active duty military who are doing short sale. See Bank of America bulletin https://agentresources.bankofamerica.com/ss_news_12MAY15 Fannie Mae is giving special consideration to active duty military. Notify BOFA that the seller is now active duty. The seller should check with his security officer, as well, to make sure the short sale will not affect his or her security clearance.
Okay, that's very helpful. Thank you,