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Updated over 13 years ago on . Most recent reply

User Stats

100
Posts
86
Votes
Jonathan Sowinski
  • Investor
  • Buffalo, NY
86
Votes |
100
Posts

Does B of A accept Sale Option Contracts for Short Sales?

Jonathan Sowinski
  • Investor
  • Buffalo, NY
Posted

I have located a potential short sale seller (NY State) who’s mtg is with Bank of America.

I am still in the "discovery/due diligence" period so do not know all the details and whether it will be worth going after and for what price.

It was suggested that I sign an Option Contract for Sale and Purchase. I was wondering if anyone has had any experience with B of A short Sales being accepted with Option contracts.

Or does anyone have any other suggestions as to how to move forward?

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