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Updated almost 14 years ago on . Most recent reply

User Stats

15
Posts
3
Votes
Ed Forrester
3
Votes |
15
Posts

New BofA Short Sale Amendment

Ed Forrester
Posted

I just got one today. A 2 page addendum required during Equator process before approval. In addition, to the 30 day language, has language that buyer and seller agree that transaction will not involve flipping....and worded to supersede original contract. Also, has addendum for agents where there is language about doing all possible to "maximize selling price of property"

Anyone else seen this nightmare? Thoughts? Seems contrary to the rumor, BofA is not becoming more investor friendly for purchase of short sales.

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