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Utah Dave - Utah Homes for Sale |
Bank(s) Involved: Bank Of America
Short Sale Packet Submitted: 3/18/2010 into Equator system
Offers Received: 1
Negotiator: Completed
BPO: Scheuled for Wed 3/24 at 10:00
Appraisal: Completed
Approved: $365,000.00
Additional Notes:
Disclaimer: This site is up to date with all information and is revised as progress is made.
3/25/2010 BPO was ordered for Wed the 24th of March we do have a negotiator the BPO is due on 3/27/2010 we do need the seller call and update the financial and Hardship reason.
3/25/2010 Financial and Hardship entered into equator by seller.
3/29/2010 BPO has not been entered into account as of yet it is now past due email will be sent to be completed.
4/5/2010 Payofff quote has been received they are currently checking to see if insurance is on the property it has been completed, A soft credit pull has been completed they are currently uploading the values into the system.
4/13/2010 APPROVED PRICE $365,000.00 Can close quick need offer. Be under contract before April 30th
4/27/2010 Sent in a offer not at approved price bank is reviewing the offer vs the values from previous offer.
5/10/2010 Bank is doing a soft Credit pull for file the deadline for that to be completed is 5/11/2010.
5/19/2010 Credit Pull has been completed they are reviewing offer vs what is owe'd the deadline for that is by 5/28
5/25/2010 Emailing the negotiator the deadline is 5/28 they are going to try and get a response befor that date.
6/7/2010 They need MI approval the task is over due sent in a request to hurry the file up. Sent a email to the negotiator.
6/14/2010 came back with a bank approved price again at $365K client is sending over the highest and best counter to the bank.
7/6/2010 File is in document collection they have everything they need
7/13/2010 NEW bpo has been ordered for 7/13/2010 this invester has asked for a second BPO.
7/19/2010 BPO completed they are getting a payoff request no foreclosure date scheduled
To schedule an appointment call 801-566-7800
Click the image for all details! 
Please Explain the following to your buyers: 1. The short sale addendum notes that the seller can cancel the contract and take another offer. 2. Our seller has the right to accept any offer whether its higher or lower than your client's offer just like any other normal sale. The seller makes this decision. 3. As a result, whats puts a buyer in the best position? Making a good offer and having an agent that stays in contact with us regarding their interest. This could be as simple as a weekly e-mail that states "let me know if we need to improve our offer to keep in the running." If someone ever wants a first right of refusal, a non refundable option money would be the most likely to entice them to do so depending on the bank/banks with the short sale. 4. Most of our banks don't require signatures on our offers. (Contrary to what people may think.) When we submit an offer to the bank it isn't contractual. When there is a bank that requires signatures upfront, we will mark that property as 'offer under review.' Otherwise, any offer a buyer submits will be reviewed by seller even if there is an offer into the bank and any buyer has an opportunity to purchase the property despite being 2nd to put the offer in. 
Utah Dave Locations:
Salt Lake City Office
South Valley Office DAVE ROBISON, Principal Broker, ABR, CDPE, CRB, CRS, e-PRO, GRI |
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