I have never personally heard of the big banks BOA Wells Chase pay an assignment fees I think a double close is more suitable...

.* Note owned by BOA, loan serviced by Bayview Financial. * Bayview Financial Asset Manager informed that the only way to move the process forward is by finding the owners and getting them to sign off on another short sale offer. 

It has worked extremely well as BOA has a large presence in Atlanta and I have transitioned all my renters to it.

I think the problem is once you get past 4, there are too many sets of underwriting overlays and I assume commissions (between: broker & lender).I'm not suggesting Wells or BOA either, the big banks won't usually service investors who already have 4 loans.

I am asking because as a buyer of your note, I would want to know exactly what it would take for someone to qualify for a conventional loan on this unit.I would not waste your time calling BoA and Wells.

BOA is known to have issues with having genuine mortgage documents to say the least.

Most major lenders and GSE's are now using this language in their documents (such as the Well's Fargo and BOA Affidavits).2)As far as Watson being a so called guru I don’t know about that but he is however nationally known as one of the best short sale lawyers around and routinely called upon buy title companies for legal advice and guidance when it comes to properly closing these transactions.

Long story short BoA is requiring that they per-approve before my offer can be accepted.

So, what would happen if the HOA went through the foreclosure process, the court forced a "sale" at auction, and then the first mortgage holder (BOA) came in and bid the minimum $100?

I can't find anything (from a quick Google search) to indicate an affiliation between BOA and Orange Coast.Did any title issues show up in the preliminary commitment?