You show yourself to be in Arizona and the property to be in California if your Trulia information is accurate. Real estate laws and customs vary from state to state. Make sure you receive professional guidance that is specific to the location of the property. Call or visit a local title or escrow company where the property is located. Are you planning to list the property with a Realtor? I am sure your Realtor has a relationship with a title company that would be useful.... more
We've closed over 80 bank of America short sales and our experience has been is that we normally state that the seller will no provide business bank statements.
Sometimes agents are the ones that request to provide this information and not the bank. Recently I was talking to an agent and he stated that the bank was asking for corporate financial information since they homeowner was the president of the corporation and he wanted his client to provide that information.
I'm like what!!!
Banks will try to get as much financial information as possible to see if they can squeeze money out of the homeowner since they're probably loosing a lot of money.
You can talk to the negotiator directly and politely tell him/her that you are unable to provide your business bank statements.
I hope everything works out for you.
Real Estate Broker / Advisor
Expert in all areas of real estate and mortgages, Bank Foreclosures, Short sales, Distress Sales, Real Estate Investments, Mortgage Planning, Cash Flow Management and Real Estate Equity Management.
Ameriland Real Estate Services | 1754 Technology Dr., Suite 122 | San Jose, CA 95110
License ID: 01874707
Tel 408-315-6320 | Toll Free 888-700-3222 | Fax1 877-782-2394 | Fax2 408-273-6038... more