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Not a short sale but an REO, really funny!!

Posted by Jeff Payne on November 17, 2009 at 9:32am in Short Sale Discussions
Check out these realtor remarks that I saw in MLS today for a BofA REO condo that is classified as a condo-tel by Bank of America. COMBO LOCKBOX - CALL FOR CODE. A PRE-APPROVAL LETTER FROM A BANK OF AMERICA LOAN OFFICER IS REQUIRED WHEN SUBMITTING ALL OFFERS. IN ADDITION UPON ACCEPTED CONTRACT, BUYER WILL BE REQUIRED TO SIGN SPECIAL ADDENDUMS TO THE CONTRACT. CONTACT LISTING AGENT FOR MORE INFORMATION. AS AN INCENTIVE BANK OF AMERICA WILL OFFER A FREE APPRAISAL AND FREE CREDIT REPORT IF THE POTENTIAL PURCHASER FINANCES AND CLOSES THIS TRANSACTION WITH A BANK OF AMERICA LENDER. NOTE: BANK OF AMERICA DOES NOT FINANCE CONDOTELS. HOME BEING SOLD IN ITS "AS IS" CONDITION.

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Replies

  • Jeff Payne November 17, 2009 at 1:29pm
    Where is the moderator anyway?

    Bryant Tutas said:
    I'm sorry. You can delete me any time you feel like it.
  • Bryant Tutas November 17, 2009 at 1:26pm
    I'm sorry. You can delete me any time you feel like it.
  • Wendy Rulnick November 17, 2009 at 12:36pm
    Wow, Bryant, how do you know me so well? I was disregarding what I thought I read!!

    Bryant Tutas said:
    Jeff. That sounds like pretty standard language in my neck of the woods. Some actually make you stand flat footed to see if you can p over a mac truck. I swear I'm not making that up.

    OK Wendy......I'm sorry. I just can't help myself sometimes. :)
  • Jeff Payne November 17, 2009 at 12:25pm
    Been there, done that!

    Bryant Tutas said:
    Jeff, How about BofA on the short sale side says the house is worth $110k and BofA on the Buyer side says it's worth $80k? It's insane out there!!!
  • Bryant Tutas November 17, 2009 at 12:22pm
    Jeff, How about BofA on the short sale side says the house is worth $110k and BofA on the Buyer side says it's worth $80k? It's insane out there!!!
  • Jeff Payne November 17, 2009 at 11:55am
    Linda, Yes they have. Can you imagine, you send your buyer to BofA to get their pre-approval and they tell you no that they can not finance it OR worse, you go thru the process so that your buyer can get their silly "free appraisal" only to find out on the day of closing that they can not finance their own property

    Linda Mayer said:
    The whole thing is funny - banks have lost their marbles!
  • Jeff Payne November 17, 2009 at 11:53am
    Dang, flat footed, I would love to see that , NOT!

    Bryant Tutas said:
    Jeff. That sounds like pretty standard language in my neck of the woods. Some actually make you stand flat footed to see if you can p over a mac truck. I swear I'm not making that up.

    OK Wendy......I'm sorry. I just can't help myself sometimes. :)
  • Linda Mayer November 17, 2009 at 11:40am
    The whole thing is funny - banks have lost their marbles!
  • Bryant Tutas November 17, 2009 at 11:27am
    Jeff. That sounds like pretty standard language in my neck of the woods. Some actually make you stand flat footed to see if you can p over a mac truck. I swear I'm not making that up.

    OK Wendy......I'm sorry. I just can't help myself sometimes. :)
  • Jeff Payne November 17, 2009 at 9:37am
    I list BofA REOs too and I know that we don't need a BofA letter for them, still is funny

    Wendy Rulnick said:
    I am sure it is standard language! That is too funny! All that wasted work on a condo-tel!
This reply was deleted.
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