BOA has contracted with the firm Dignified Transition Solutions to process the majority of their short sales. http://www.dignifiedtransitionsolutions.com. They would be your best bet for getting your transaction completed. In many instances 6-12 months are not unusual for a short sale. At the end of the process, you may get a ridiculous counter offer as the approved price, limitations on closing costs, the refusal to pay condo or HOA association fees that have accrued over 12 month period or prorate the current taxes although the contract accepted by the seller agreed to do so. These outcomes have occurred in about half of the short sales I have completed.
Many buyers do not understand the time frame, and reality that the property may not be deliverable at the contracted price and terms. All short sales regardless how reasonable the offer are only a hope and possibility of purchasing. If the price is far below market, much less likely to be approved.
If you need to buy a house look for one that can be delivered by the seller at the contracted price.
RE/MAX Greater Atlanta
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We tell Buyers that they have to be patient; but it just doesn't penetrate.
Maybe with the "sword" hanging over the deal, they would realize that we were serious.
so when it comes to wanting to "cry" I totally understand! (lol)
Hang in there champ...
Licensed Realtor in GA and NJ
Better Homes and Gardens Real Estate Metrobrokers