That’s right you can now swap buyers out without having to start over at Bank of America. This has been requested for, for some time now, but it’s finally a reality. The reason they didn’t do it before was to prevent “investors” from abusing the system. At least that’s the story we were told!
In any case, this is great news if you are a short sale agent, short sale seller or even short sale buyer!
Every now and then you’re reminded why short sales get a bad rap. Actually, every day you are reminded. I wanted to share this story that we had experienced with a Suntrust negotiator while working on a client’s short sale. We did get it closed successfully by the way!