Jean also brought her sons' ferret and her daughters' foot long boa constrictor (both in their cages of course). 

I'm now going on day 4 of ZERO happening with my application at BOA,and I'm 3 weeks in. 

Hey Guys, I'm looking at a REO Veterans Affairs Property that is being serviced by BOA...supposed to be coming on the market soon.I'm going to put a cash offer in on it but I was wondering if you guys experienced an Offer Waiting Period?

Send Sheila Bair out to take down, JP Morgan, CITI, Wells, BOA.

i agree with you David, i watched an episode yesterday of Flipping Vegas, where a boa constrictor holds up reno, its obviously a pet, and the scene where two workers evacuate looks completely staged, not to mention, the camera man and camera watches the snake approach the house, then stays in the house and gets incredibly close to it?

This will also slow up the transaction as anti-money laundering and counter party risk is a concern for large banks like Morgan Stanley, Wells Fargo, BOA, etc.

A friend of mine and I are considering purchasing a duplex in Ridgefield, NJ with the following numbers: Home Address BOA Elementary School Rating n/a Max Offer Price ($) $465,000.00 Renovation Budget ($) $- After Repair Value ($) $- Closing Costs (%) 3.50% Closing Costs ($) $16,275.00 Total Upfront Cost ($) $36,075.00 Loan Purchase Price ($) $495,000.00 Down Payment (%) 4% Loan Points (%) 0.00% Amortized Over (years) 30 Loan Interest Rate (%) 3.85% Down Payment ($) $19,800.00 Loan Amount ($) $475,200.00 Loan Points ($) $- Monthly Mortgage Payment ($) $2,227.78 Monthly Misc (HOA, Garbage, etc) ($) $- Total Monthly Due ($) $2,227.78 Rental Monthly Income ($) $4,000.00 Annual Property Taxes ($) $7,000.00 Insurance ($) $1,584.00 Vacancy (%) 5% Cap Ex (major repairs) (%) 5% Minor Repairs/Upkeep (%) 5% Property Management (%) 0% ROI Annual Rent/Purchase Price (%) 10.32% Cash on Cash ROI (COCR) (%) 4.55% Purchase Cap Rate (%) 6.10% Annual Net Operating Income (NOI) ($) $28,376.00 Annual CashFlow ($) $1,642.68 Monthly Cash Flow ($) $136.89 I would use the BOA Affordable Loan option to purchase the property with only 4% down.

Now, if the tenants are depositing rent in BOA, and I am in the process of paying off PNC HELOC, I have to wait till the money becomes available at BOA, then transfer it to PNC Checking, and then pay HELOC once it becomes available there.  

Unfortunately, the 1st is with Countrywide/BoA and they keep putting this file back in Equator.

In fact, I can't wait to get a BOA approval so I can try the 32 day funding!!