Also claims that he's going thru a divorce and that the house is or maybe isn't on his list or priorities.My question, can I go or contact the bank BOA I believe is holding the loan and try to submit an offer thru BOA or must they follow certain steps before they can put the house up for action?

When I first came to this country with little money, BoA refused to open an account for me, but these days my bank manager knows me by name and have a designated private client banker serve my needs.

I wanted to know if i can rent out my home if I got it by using a boa grant.

None, not Chase, BoA, PNC,etcMy original post was trying to ask if anyone other than a landlord could be on the account with the tenant.

Sorry, 12,000+posts and I'm lost at finding them, but I'd say if you entered "Avoid Due on sale" it will be there, it wasn't initially my post.Banks have written loan policies they must follow, large one like BoA will call it, they don't care if it's performing, depends on the mood of the days it seems, but larger banks tend to lower the hammer.

I got some love from of all people, chase. http://www.biggerpockets.com/forums/49/topics/76633I need to call BOA to see if there's any action there as well.

I like the way you have your lease structured and that's a great idea about the BOA card.  

There was a BOA to handle common area fees and maintenance.

Hi All – Has anyone used BOA to refinance or purchase their home?

You may have a hold period after closing during which you can't resell the property.If you can find a bank/seller that doesn't impose a hold period after close (most local and regional banks don't have these hold periods, as well as some larger banks -- but FNMA, FMAC, BOA and few other big one have imposed them), you can buy the property in a business entity or trust and then assign/sell your interest in that entity after closing.You'll still need the cash to close, but that's one way to get around the restrictions in certain cases.