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 requirements for you before you can get that short sale under contract.
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!
Office 404-418-8092 Cell 404-246-3210 Fax 404-991-3770