Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 13 years ago on . Most recent reply

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