Bank of America - Countrywide
BofA has cancelled my 2nd lien approval 2x so far. They said that the BPO was too high compared to the offer. They want a higher offer. My jaw dropped...they don't have any authority. Wellsfargo (1st Lient) has already approved the sales price and package 1.5 months ago. BofA is playing the game. We are also offering them over the original 10% which is $10,000 which Wells approved. Now it is at the 3rd negotiator and I'm hoping they don't kick it out again.
Comment
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Comment by Kathy Batterton on September 21, 2009 at 2:25pm
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Man oh man, Paula. I don't want to do another short sale with BofA as the second. They are impossible! I've got the same kind of idiocy going on right now with them. Good luck.
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Comment by Barrett Thomas on August 11, 2009 at 4:52am
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There is no reason to challenge the BPO. Wells Fargo is the king in this transaction. If it goes to foreclosure. BofA will get nothing. I don't know why they are playing as if they have the upper hand. They should take their $10K and and call it a day. Their 2nd TD balance is only $54K.
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Comment by Wendy Rulnick on August 11, 2009 at 3:16am
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Paula - That is crazy.... Can you challenge the BPO?
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