Can BOA say they approve a short sale and then send an approval letter minus the sellers closing cost which was in the contract?

Yumika
Yumika
Home Buyer
Washington, DC

Wed Sep 30 2009, 19:29 - Home Buying in Cheltenham - 3 answers
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Answers (3)
Alqamar Malik
Alqamar Malik
Agent
Camp Springs, MD

Yumika, YEP they sure can....BOA unfortunately has a horrible reputation in our industry of "mishandling" the short sale process...to put it lightly.

Much success to you

Web Reference: http://www.alqamarmalik.com
Fri Oct 2 2009, 11:46
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Jennifer Fitze
Jennifer Fitze
Agent
Bel Air, MD

Absolutely! Their "approval" is considered a counteroffer to you. They will consider the contract presented only they will not pay the closing costs requested.

Web Reference: http://www.jensellsmd.com
Thu Oct 1 2009, 05:07
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Cindi Hagley, Windermere Welcome Home
Cindi Hagley, W...
Broker
San Ramon, CA
FIRST ANSWER

absolutely.....and it is fairly common

Web Reference: http://shortslaesheep.com
Wed Sep 30 2009, 22:56
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