I am currently attempting to buy a listed short sale home. The contract was initiated on 1/28/10 which I offered the listed price; however, I requested 3% to closing costs. The listing agent informed my realtor on 2/9/10 that a BPO was issued. It seemed like things were moving along. Around 3/12/10 I needed to provide my information; such as, full name, first 5 ssn, address, etc... and my lender needed to provide her info too. Still nothing as of yet. I inquired of the progress and was told the bank, uh hem ... Bank of America couldn't locate the BPO file but has since found it and now the seller is having to enter his financial info in Equator. My question is; shouldn't the bank already have all that information? Am I getting any closer? I'd appreciate perspectives from sellers/buyer/agents. Thanks!! :)
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