Bank of America HAFA Short Sale - Need some good advice

Hello All - here is my BOA nightmare.  I was assigned a BOA HAFA short sale on 5/1/11.  Things were moving pretty good until around 7/20 when I requested the SSA that had been promised to be over a month prior.  Spoke with several Reps and they gave me a verbal list price of $462,264 with 3% concessions and 6% closing cost.  A week later, I received a call from AMS Supervisor saying the appraisal had expired and new one had been ordered.  New appraisal came back and a new list price was generated for $450,000.  The SSA was sent out, signed and offer received for the new list price of $450,000.  Well, low and behold, received a call yesterday that they made a mistake and the actual approved list price is in fact the $462,264 and not $450,000 which I kept questioning each time they gave me that number verbally.  So needless to say I was generated all the tasks to upload my offer, for $450,000 mind you, etc, etc.  So what now???

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Comments

  • Working a BofA HAFA with GMAC 2nd.  Have a u had success with GMAC being the 2nd.
  • Tracey, what do you mean that you were assigned a BOA Hafa Short Sale? Your short sale agreement is supposed to have the Pre-approved List Price on it. Also, they may accept an offer less than the approved list price depending on if the net is acceptable to the lender. I just got one approved that is $14k less than the approved list price. *knock on wood*
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