Wednesday, July 13, 2011

Rental listing in Waterlefe- Very nice 4000 sqft pool home

Looking for a quick move in?  Here is an great canidate.  10904 Big Bass Place in Waterlefe is available for a move in August 1, 2011.  Asking 3,495 a month including lawn and pool care.  This home is upgraded to the Max!  Huge master bedroom, fireplace, outdoor kitchen, big upstairs bonus room too.
Waterlefe is a gated waterfront golf course community in East Manatee county.  Located on the manatee river.  Check this one out, you won't be disappointed.
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941-780-3260 cell/text
941-739-9120 fax

11215 SR 70 SUITE #105
Bradenton, FL 34202

Posted via email from Joe Murphy Knows Real Estate in Bradenton

Now You Can Substitute a New Buyer for One Who Walked Without Restart, Awesome news!

This should really help speed up the process when short sale deals fall apart.  Nothing worse then getting a deal approved, and the buyer cancels the deal.
I am glad to see that Bank of America is using some common sense on the realities of short sale.
Now You Can Substitute a New Buyer for One Who Walked Without Restart

As an example of our commitment to improving the short sale process, Bank of America now allows real estate agents to submit a backup offer on a transaction if the original buyer has walked away from the sale.  This means you will no longer have to initiate a new short sale; instead, you can continue with the original transaction in Equator and still work with your same short sale specialist.  This change will save you time by not having to repeat a number of process steps.

When a Backup Offer Is Ready

You should send a message to your short sale specialist via Equator when the original buyer is no longer interested in the property.  Your short sale specialist will then respond to you within two business days and ask if you have a backup offer ready to submit.  If you have another buyer prepared to make an offer, the short sale can proceed without having to repeat the short sale initiation steps.  The short sale status in Equator will change to "Marketing," and you will be directed to complete the following tasks within 14 business days: 

·         Complete the "Listing Data" task.

·         Provide the marketing description.

·         Review the marketing plan.

·         Upload the offer.  (To do this in Equator, locate "My Properties," then "Offers" and select "Place New Offer.")

If the "Listing Data" task is not completed and the new offer is not uploaded within 14 business days, the file will be closed.

When No Backup Offer Is Ready

This new process applies only if there's an available backup offer when a buyer walks.  If you do not have a backup offer ready to be submitted, the short sale will be declined.  In that case, you should return to marketing the property and initiate a new short sale in Equator once you receive another offer.

A new educational guide, How and When to Submit a Short Sale Backup Offer, is available to explain the backup offer process.  If you have any questions, please contact your short sale specialist via Equator or call Customer Care at 1.866.880.1232.

Visit the Real Estate Agent Resource Center at for additional educational guides, news and resources to help you complete short sales at Bank of America. 

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Bank of America Short Sale
8th Floor, 101 S. Tryon St.
Charlotte, NC 28255-0001

Posted via email from Joe Murphy Knows Real Estate in Bradenton