Just got a call from a pre-forclosure that has an FHA loan with Countrywide/BoA.

The negotiator will probably try and eek out that price difference by adding it to the amount of the promissory note that BOA will require.Although this sucks, I would be more concerned with whether the sellers are going to agree to sign a promissory note.

I received 4 approvals from different lenders in the last 60 days and only BoA/CW has the 30 day no-transfer clause.

Do you have a copy of a document signed by someone with a title at CW/BOA?

But this is huge for BoA 30 day restriction and only cost 3.5%.

Claw back every bonus paid to BoA's management until you hit the ML bonuses paid PLUS the SEC/Court costs.2.

http://www.walletpop.com/blog/2009/10/22/bank-of-americas-incompetence-creates-mess-for-soldiers-family/

Thoughts!

We had a SS shot down by BOA last month for the very same reason mentioned above and of course at the very last minute, I guess they enjoy that kind of $^%^!!

I am very fortunate that the main bank I deal with wasn't involved in the shenanigans and greed that other banks are paying for now (BOA) Long Live BB&T.

Big banks were also there and according to this realtor BOA in particular was adamant that they wanted to do more short sales as they were realizing that they made more money from short sales than they do from REOs.So I'm wondering if anyone has had any success with them or if everyone is still staying away