My New Outside Blog: January 2013

Buying A Short Sale As Corporation or LLC? B of A Rules

House HuntingSo Mr. Buyer you are interested in buying a short sale property?  And Bank of America is the seller's lender?  Well if you plan to make your offer as a Corporation or Limited Liability Company (LLC), Bank of America has specific document requirements for you before you can get that short sale under contract.

Search homes in Fairburn GA

So what are the Bank of America document requirements for the Corporation or LLC buyer of a short sale?



LLCs - 1) Fully executed Articles of Incorporation / Organization and Operation Agreement  (contains Members Agreement which lists officers and their ownership interest in the company, 2) Proof of Funds in the LLC's name, and 3) Proof of the Buyer's connection to the LLC.

Corporations - 1) Copy of Articles of Incorporation, 2) List of Shareholders and Officers, 3) Proof of Funds in the Corporation's name, 4) Proof of Buyer's connection to the Corporation.

Additional documents may be requested by the assigned Bank of America Short Sale Specialist.  So be prepared to provide the required documentation to get the deal done.  And most other lenders will have the same or similar requirements in order to complete a short sale with them.

Sellers we can help you with your Bank of America Short Sale in South Fulton.  Call us at 404 418 8092 or send an email.

For help with finding a home in Fairburn, GA 30213, please call 404 418 8092 or 404 246 3210.  Thank you!

 

 

    

LOGO - Sales

Office 404-418-8092 Cell 404-246-3210 Fax 404-991-3770

EMAIL US!    

         

Comment balloon 8 commentsJordon Wheeler • January 30 2013 02:26PM
Buying A Short Sale As Corporation or LLC? B of A Rules
share
So Mr. Buyer you are interested in buying a short sale property? And Bank of America is the seller's lender? Well if you plan to make your offer as a Corporation or Limited Liability Company (LLC), Bank of America has specific document… more
Successful Property Management Services Follow Fair Housing
share
A recent press release from HUD highlights the importance of practicing fair housing laws when trying to get a home rented A synaposis of the story is a real estate firm had a two bedroom unit for rent. A mother with a child inquired about… more
UNDER CONTRACT - 246 Ashland Creek Court, Lawrenceville GA
share
UNDER CONTRACT - 246 Ashland Creek Court, Lawrenceville, GA It is official! The seller's lender, Bank of America, has approved this property for short sale and we are currently in final negotiations. The borrower is very thankful for… more
Innovation Using Plastic Bags
share
It is amazing what you can do with plastic bags… the kind you get from the grocery stores. I missed this one during the Be Thankful challenge. Take a look at how Joni and her friends are making a difference using plastic bags. Then let your… more
I Have Never Ran The Hurdles, But Your Short Sale Has A Few of Them
share
When you Mr. /Ms. Borrower are ready to list your home as a short sale, there are a few 'hurdles' we have to go over to get your short sale to the finish line Ready, set,.. 'POW' and we are off and running on the path to your successful Short… more
South Fulton Homeowners - We Are Your FHA Short Sale Experts
share
South Fulton Homeowners - We Are Your FHA Short Sale Experts If your home is in South Fulton (East Point, Hapeville, College Park, Union City, and Fairburn) and you are having trouble paying your mortgage, you may need to consider a short… more
Georgia Dream - Rates Tick Upward A Bit
share
Effective Thursday January 24, 2013 at 5PM, Georgia Dream increased its interest rate from 2. 875% to 3. 000% This change in the interest rate is a slight uptick for the Georgia Dream Homeownership Program The interest rate has been flat at 2… more
YEAH Burger in West Midtown - Juicy Tender Bison Burger
share
Today I have my third visit to YEAH Burger in West Midtown, and I had another AWESOME dining experience. I decided to try the bison burger this time around, and I was not disappointed. I recommend you order it cooked medium. There… more
Movie Monday: Movie Trilogies by Donna Foerster
share
Theme days for blogging. What a great way to keep the topics rolling. I am a fan of the Jason Bourne movies. I also enjoyed the Dark Knight movies. I am contemplating the upcoming release of the Bruce Willis Die Hard movie. It is all about… more
Highway 29 - A Great Way to See South Fulton
share
Fulton County has one of the most interesting shapes in terms of land mass. It reminds me of a sideways mannequin or two funnels joined together at the ends. As you are leaving downtownAtlanta (where those ends join), one of the best ways to take… more