Love Bank of America

Unfortunately there is really nothing one can do.  It is almost like family count in St. Louis....there are no written guideline or rules.

So many times we just have no where to go what we need  to realize is that our own government has probably made it advantageous for

Bank of America and others to foreclose instead of providing assistance to both the home owner and the family who was looking

for a new future in a new home.

I truly believe that the NAR needs our encouragement and support to forward our concerns and frustrations.

Best to you!

Jim - it is unlikely that proceeding for compensation will produce anything other than more angst!  It is all of the #$@*& words you can think of - but we have to move on.  I wish I could say that I didn't know how you feel - but unfortunately I have experienced your pain, several times. 

Who would you sue? BofA didn't sign an agreement for you to represent them.. They are not a principle in the transaction. If I were your seller client however I would call the news channel and arrange a boycott of bofa at a local bank as an demostration. But I am sure by now that your seller is ready to move on and cut their losses.. You'll get a better deal next time around.

I heard from a close source of mine that B of A made an announcement last Thursday that B of A was not going to extend any sale dates.  I cannot vouch for the validity of this, but from what just happened to you it may be.  What a load of crap!  As far as suing goes....I would consult with some attorneys and see what your likelihood of winning would be and at what cost.  B of A has deep pockets and I would assume their attorney's could drag this out.  You're in a tough spot.  I feel really bad for the sellers, buyers and you! 

All the best!

Ryan Smith for Temecula, CA    

Terrible for the buyer.  Well, there's anothat happy depositor!

Jim,

Such a drag. Don't these banks ever think of the realtor involved in all of this. All of the hard work and hours spent only to not make a dime. They should know that a realtor only gets paid when the deal closes. Apparently they don't care. Fortunate for you, you are awesome Realtor and can put it behind you and maybe stear clear of B of A in the future.  See ya Safeway deli for lunch sometime again.

I just worked on a foreclosure that took 4 months to close!  Even foreclosures are taking longer...septic issues, title issues...it is always something.