"Debbie, same thing happened to me with a BOA short sale. Nothing happened until the congressman's office started to investigate (along with the news channel investigators). Then we got results and closed in 30 days."
"I just closed on a BOA short sale. I submitted the 3rd offer 1/19/13 (the other 2 they rejected even though it was full price). The only way I started receiving commnication was when the file was put in escalation mode and it was escalated…"
"I'm having problems w/ REDC myself. Submitted an offer, they countered, we accepted the counter. They wanted a few things moved to different categories on the HUD and a statement from the seller saying they will pay the few title company fees…"
"Auction.com, REDC Group and B of A have partnered up to sell tons of properties on auction.com's website and thru live auctions. The listing agent will get a lousy 2%, and the buyer's agent, if the buyer uses one, will get 1%...
"It's kinda a mute point now, anyway. BOA pulled it from the auction on the day bidding began and a week later told me the guidelines changed and it's no longer quailfied to go auction. Lost the 4 bidders but got an offer for full price.…"
"Sharon, yes their reserves are not revealed. I know other bidders who were the high bid, only to find out the bank wanted another $20-30k above their bid, sometimes an hour later, sometimes two weeks later."
"Something similar happened to the BOA short sale I'm currently working. It's a co-op short sale, they told me their bottom line was $88k, gave them an offer that netted them $89k with a full price offer of $99,900 and 3% seller assist…"
"Wayne, the reserve was set by BOA and a "secret" from me.
Joe, I think this is more a case of BOA not caring about the seller or me. I got a better response from the auction company than BOA. Since I didn't get to go through the…"
"Auction.com is just trouble all the way around, forever trying muscle into our pockets, first through REO's. now with short sales.
I have looked at their auctions for a while, as a potential investor, usually their reserves are too high. …"
"Thanks for keeping us informed - hate to say it is what I expected - another whiz-bang disaster. What did BofA give as a reason for pulling it? BofA is a huge sluggish company and fraught with incompetent actions because of this, at times. So,…"
"Thanks, Sharon. BTW, it was the full MLS list price - cash offer. They were going to write it up prior to the auction but then when it was entered into auction.com, they were going to do it there. What really bothers me is that the contract was…"
"Sharon, that is typical. When you say the "full listing" price are you speaking of the full auction starting price? or what it was listed for in MLS? If you have a task in Equator, it is back the "normal" way. They…"
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
I've had limited commercial experience with less than $1M.
About Me/Profile of yourself: - Please add your Brokerage Company name also!
I'm all about servicing the client/customer and whatever I have to do (within reason). I now have the CDPE designation and am actively pursuing short sale opportunities.
Century 21 Gold
Temple, PA 19560
Put in todays date! This is to help stop spammers!
October 8, 2012
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