Bank Of America Change Of Buyes With Same Terms

Any body know how to go about changing buyers name on previously approved deal.They are telling me thru Equator to start new deal.The only thing is changing the buyer name all the other terms remain the same.

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Comment by Bryant Tutas on May 1, 2010 at 2:36am
Ray, Bank of America will rarely allow a substitution of buyer. If you read the approval you will see it is buyer specific. BUT......you may be able to get an exception. You just won't be able to do it through Equator. You need to call BofA and try to reach a short sale supervisor to get an exception. Just remember they are under no obligation to do so. So try sweet talkin'

In the meantime I would probably start another deal on Equator.

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