HELP!!!!
My clients have been waiting on a BofA short sale for 5 months. This is the ONLY house they want to buy - it's perfect for their huge family and horses. The sellers were cooperating for the first few months but then suffered a family tragedy and went MIA.
Now, BofA has no choice but to foreclose.
My clients are DEVASTATED at the thought of not closing on the property. Has anyone had success in getting a bank to sell to the short sale buyers when the property goes REO??
If so, how did you do it? Who at the bank faciliated it? Short sale? Or REO Department?
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Take a look at www.northwesttrustee.com. They have a pretty good Q & A. With BofA, be prepared for anything. You can check the public records to see when the auction sale date is for the property and have your clients bid on it This has happened before with a couple of transactions that I was working on.