Bank of America
Short Sale Buyers Lost as Bank Counters Exceeded Payoff Amount

I am a home owner that is completely frustrated, angry and upset. Due to hardships such as divorce and my ex-husband being unemployed for several years, and this horrible housing market and economy I have been forced to due a short sale. I am an educated nurse, single mother of 2 young boys that is trying to do the best for her family. I can not afford the mortgage that I currently have on my own income. I have been in the middle of a short sale up until recently. I had buyer that wanted the house but are now about to back out because of Bank of America. My pay off amount on my house is roughly 236-237,000. The buyers original offer was 235,000. The bank counter offered at 248,000 which is MORE than what is needed for my payoff! The buyers could not accept the offer and submitted and offer of 240,000. More than what is needed for my payoff amt. This time bank of america re-countered at 259,000 which is even higher than the first counter offer and even higher than what is needed for my payoff. This seems illegal to me!!! How are they allowed to make more money than what is needed on my payoff? I do not owe any money on my HELOC. No other leins. The buyers then offered 242,000 and bank of america declined their offer and then closed my case. I am now being told that because I got accepted with a Haffa government program which will help me from owing any balance or difference from what is usually a lesser amt from the buyers than what I owe the bank that they can now not speak to me because my case is closed/denied. But in this case if they accepted the buyers amount they would be getting more than what I owe the bank. Seriously is this legal? Please Help ASAP!!!

Jennifer Ott - (jennifer. Ott1@comcast.net)

Company: Bank of America
Country: USA
State: Pennsylvania

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