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#424502 - 05/31/13 09:55 PM Bofa transfers loan 2 days before closing!!!
Marketvaluations Offline
Member

Registered: 01/30/08
Posts: 54
Loc: US
I received a call from Bofa that the approved short sale was being transfer to Nationstar on Monday 6/3/2013. I was given an approved HUD today 5/31/2013 at 8:00am, docs went out to buyers, Seller set to sign on Monday and letter states to close the FHA deal by 06/05/2013. No one ever communicated this to us while negotiating the short sale. Bofa states that the transfer will still happen since it’s an FHA deal. Will the new servicer honor the deal or do we need to start over from scratch?

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#424989 - 06/12/13 07:09 AM Re: Bofa transfers loan 2 days before closing!!! [Re: Marketvaluations]
HomeTeamGA Offline
Member

Registered: 07/15/11
Posts: 339
Loc: Georgia
What ever happened? Did Nationstar honor the short sale?

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#425093 - 06/16/13 10:27 PM Re: Bofa transfers loan 2 days before closing!!! [Re: Marketvaluations]
Marketvaluations Offline
Member

Registered: 01/30/08
Posts: 54
Loc: US
They said they would but we still are waiting for all the information to be uploaded. The longer they take the close we get to the expiration of the FHA, we will see.

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