If you are buying a Bank of America Short Sale, WATCH THIS

If you are buying a Bank of America short sale, you need to watch this to know what to guard against. They have a flaw in the system, they admit it, and they are rather nonplussed about it!!!

Category:

News & Politics

Tags:

• bank of america
• bank of america short sale
• short sale
• remax
• charlotte real estate
• buy a house in charlotte nc
• leigh brown

[leighbrownremax]

@socalfrank oh-and a big mouth? you bet i have a big mouth, when my clients or my customers are in trouble. the banks are counting on those of us on the ground to just work away and not call attention to situations like this. my issue wasn't with the mistake-rather with the fact that BofA said it's not a surprise.

[leighbrownremax]

@Socalfrank i have completed default training with all of the schools, and am an active REO agent. I get the rules on personal property...but if you will watch the video and understand the situation-this occured AFTER closing. No rogue agents were involved, and the preservation folks were just following bad orders.

[tdawgUM94]

Could you be a little more specific? Please don't spread general panic over a situation specific problem. Thank you for identifying Charlotte, NC as your area of expertise. Did you deal with BOA specialists? Did they assign the borrower/investor loan to the appropriate department? Are you saying you would rather sell your buyer a bank owned foreclosure to ensure appropriate processing? You have one anecdotal experience to share in this video.

[leighbrownremax]

@tdawgUM94 I was very specific in describing the situation, although I did purposefully leave out the addresses and names of the other parties since I respect the privacy of others. I did deal with BofA specialists and the appropriate departments. Please view the video and you will see that the reason I shared is that BofA admits to a flaw, and I want folks to be aware-that's all. I will sell shorts/foreclosures/regular sales, whatever makes the most sense for my clients. But caveat emptor.

[myretarnation]

We just made an offer on a Short Sale owned by BofA in San Jose area. Loan process is suppose to start in a day or two. Now this has really gotten me scared. I wonder what else I should watch out for ? :(

[leighbrownremax]

@myretarnation i would have your buyer agent call BofA and verify if there is an auction date on the property and find out how active it is inside the foreclosure department. be prepared that they may winterize/rekey/cap wiring on the house even if you are in escrow. doesn't mean you shouldn't buy the house but you and your agent need to hammer them for dates and information.

[rosieyposie7]

...WOooooo!....WHattttt! We got the same CROOKEDNESS missing note

WE'RE NOT DOING ANY SHORT SALES unless BANK OF NY wants a FIGHT on their HANDS!!! thanks 4posting about BANK OF AMERICAN (COUNTRYWIDES CROOKED SOLD NOTES) Good luck with your case, God bless you, Rosiey

ps. if you write a personal letter to WDC like I did after I motioned the CS judge & bank of ny to produce our familys ORG COUNTRYWIDE NOTE maybe BANK OF AMERICAN

will STOP STEELING SHORT SALE DEALS away any more!

[bigrsoul]

WISH YOU WERE WORKING FOR ME

[Gotchacamera]

Good for you! It's about time I see a Realtor fighting for the rights of buyers. This happens all the time in California. I know people who have purchased BofA properties and they are waiting with adequate physical protection and cameras for the Home Invasions of BofA wrecking crews. Where is Homeland Security to stop these out of control banksters? BofA needs to be prosecuted as well as the moron managers who authorize this practice.

[jvolstad]

You should do a video about the NAR and all of it's lying used house salespeople. Oh sure, it's always a good time to buy.

[kingmeirl]

Go get 'em! Good Job.

[richardandrewsjr]

What Americans need to do is TAKE THEIR MONEY OUT of Bank of America, and put it in a community bank. We need to speak with our MONEY. We have been brainwashed and tricked for far too long. Get your household in check, and go to a community bank. Stop trying to Keep up with the Joneses, and get  out of Debt people. Educated others and break these huge corporations up that are robbing the middle class family blind! Please wake up!

[JetRanger0007]

Bank of America is a total Fraud, they thrive on lies & Corruption from within ! They will eventually screw you out of every dime - Stay away from Bank of America , JP Morgan Chase, Citi Bank, Wells Fargo !

[TheMEK3]

Where are you from??

[lindarithchhay]

Thank you