Now You Can Substitute a New Buyer for One Who Walked Without Restart with B of A

Profile picture for Realtor Kay Lee

I received this awesome news today from B of A

When a Backup Offer Is Ready
You should send a message to your short sale specialist via Equator when the original buyer is no longer interested in the property.  Your short sale specialist will then respond to you within two business days and ask if you have a backup offer ready to submit.  If you have another buyer prepared to make an offer, the short sale can proceed without having to repeat the short sale initiation steps.  The short sale status in Equator will change to "Marketing," and you will be directed to complete the following tasks within 14 business days: 

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July 12 2011 - Buena Park
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Profile picture for COREXRE
Meewan - interesting news and posting.  Thanks for the personal up-date fromt he Zillow community.  You comments were insightful!!  While B of A is nnot a strong lender in my particular area ..... I am sure others around the country will find this info of interest!!
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July 12 2011
Profile picture for Houston Metro Pro
Bank of America has had several "plan" to make the short sale process a little easier. So far, it's been just as complicated as any other bank out there. Let's hope that this will take care of a lot issues.
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July 13 2011
 
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Profile picture for Cindy LaPeer ABR, e-PRO,SFR, Cdrs
DiscussionNow You Can Substitute a New Buyer for One Who Walked Without Restart with B of A
  • Last reply by Cindy LaPeer ABR, e-PRO,SFR, Cdrs
  • July 13 2011
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