I have a short sale that a buyer from out of the area wants to purchase. For various reasons, she is not able to move to this area until next year. She suggested that until she moves to this area, she is willing to rent the property to the current o
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Just been informed that our file is with the investors of BOA with no estimated time frame of when and where they are with our file. The messages Equator sent was very vague. Can anyone help and provide me with some contact info or experiences t
Long story short, we been dealing with a short sale since January 25th and were good to close by May 28th until we stumbled across a roadblock. Our appraisal came back 50K less than the purchase price (553K- at the time our offer was considered high)
I'm currently the buyer's agent on a Bank of America short sale, and the listing agent took a while compiling everything for the lender - but they came back with a settlement in a week and a half. I think that's pretty impressive. He did compile a
Who pays for the fire insurance when a property is being marketed as a short sale. The seller does not want to pay for it since he will not benefit in any way if there is a loss. Any proceeds would only be paid to the mortgagee in all probability.
This week I had three offers on short sales. Despite my MLS instructions to allow 120 days for approval, each has a 30-45 day closing! In addition, each asked for ALL THE CLOSING COSTS to be paid by Bank of America. BOFA WILL NOT PAY ALL CLOSING COST
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Can someone provide me with upper management contacts information to get our file escalated? We are closing escrow this Friday and our appraisal came in under than the purchase price. We need the bank to revise the approval letter ASAP.
Thanks!
I am a potential buyer who just recieved word from the listing realtor that BOA closed our file in April due to not receiving an updated HUD. Apparently the short sale request was opened as she called it "the old way" instead of through Equator in t
God Bless all of us trying to make it through this impersonal system...BUT, here is my questions. B of A has a 2nd, HELOC, on a home that I have negotiated on for almost 9 months. All terms have been accepted by the 1st lien holder, buyer, seller.