@Stephanie L.I suspect that BOA is using the same Fannie Mae guidelines that I posted previously.  

I would agree with on the sub prime mortgage lenders like Ocwen et al... and some of the majors.But local community banks like the one I use here in Oregon are the life blood to the community and are FANTASTIC if you don't bank with a community bank your missing the boat.. sometimes you need a BOA account or WELLS but I would never bank with them other than by necessity.Now for many getting started in the RE bizz like we see here on the BP site bank financing is a long way off vis a vi a commercial line...

We have a HELOC with BOA for about 99,000.Our plan is to relocate to VA this summer to rent a house from family so that we can get the rest of our debt in order.

Well, all the facts were not presented in the story, however, it would not surprise me if BoA is in violation of laws and guilty of criminal damage.

We are supposed to close on purchasing a BOA short sale this Friday, and the title search just revealed that the sellers has a HELOC also with BOA that they paid off one year ago.

BOA had no choice but to refund any overdrafts to my account because it was my creditor/banks fault for them cashing it early.

The seller is BOA (not short-sale), we are paying cash for the property and in this situation right now.

Fannie and Freddie generally impose a "no resale within 90 days for more than 20% above purchase price" restriction and BoA has a similar restriction for 60 days.

BoA is Bank of America.

There is no US Bank, No BoA, No Chase, No Credit Union, nothing.When I move back to California, I will be looking for a good bank or credit union.