Hi everyone. Well, after being pushed thru the BOA loop of every department, I thought I might ask for help out here. Here is the scenario: I am buyer agent, however, since all this crap hit the fan a couple of days before settlement I am also now an advocate for seller. House sells for 195k. Two days before settlement we do a bring down and find out that the mortgage payoff has ballooned to 148k from original loan of 134k, IRS lien which started out at 34k is now 57k, and commissions and fees are just over 17k. Seller is left with 27k shortfall and IRS is not budging from its 57k lien. Just wondering if it feasible for this god forsaken bank to realize it puts quite a bit more money in its' coffers now if they would amend payoff to 120k and allow a quick settlement, since we have already postponed settlement for 10 days. Do we really need for the short sale department to backtrack this sale for 60-120 days and just watch both the IRS lien amount increase and also not receive any mortgage payments, and also watch this house sell for 150k in the short sale instead of agreed upon price of 195k. Is there a department supervisor at this bank that can do something about this? Thank you, chris
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