New To Me!!!!!

In a previous post some time ago I discribed problems with the PMI company on a short. Basically the lender BOA was willing to do the short but it was the PMI company that was being unrealistic and unprofessional. Every time we would agree on a price the PMI company would increase it. They also said if the house went to auction that they would "set the initial bid so high no one would get the property."

Well, I went back to BOA and made a final attempt and BOA responded, "We all need to be realistic. If the PMI company won't commit to our agreement than I'll (BOA) go over the PMI contact's head and go directly to the supervisor for approval."

WOW!!!!! BOA was actually on our side. Goes to show you never know how these things can turn out.

Keep plugging away!!!

cool grin cool grin

Comments(2)

  • active_re_investor10th March, 2004

    Thanks for the update.

    How would you compare BOA to other lenders you have dealt with?

    John

  • tomjerry20010th March, 2004

    I think BOA was great. The lady I dealt with was Beverly in Loss Mit. I've seen that others on this post have spoken to her.

    the only thing holding the whole process up was the PMI company. Still not a done deal but we'll know tonight.

    Fingers crossed

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