Bank of America Now Allows Agents to Submit Back-Up Offers When a Buyer Walks From the Deal on Las Vegas Short Sales
Las Vegas real estate agents have long been frustrated when a buyer walks during the short sale processing period and then have to start the process all over again, even if they had a back-up offer with identical terms ready as a replacement offer.
Bank of America will now allow Las Vegas real estate agents to submit their back up offer if they lose their buyer without having to start from scratch. This is good news and will save homeowners and listing agents both time and the ability to save deals by quickly switching in a new buyer.
If you are interested in considering a short sale or just have questions because you are facing the difficulty of meeting your mortgage obligations, please give Shelter Realty’s short sale division a call at 702-376-7379.
About the Author
Paul Rowe is a real estate investor and REALTOR® with Shelter Realty Inc. He can be reached at (702) 376-7379. With hundreds of short sales negotiated successfully over the past 12 years, Paul works exclusively with distressed property owners and potential foreclosure and short sale victims in Southern Nevada who owe more on their mortgage than their property will appraise for.