Substitute Buyers – B of A Steps Up

August 3, 2011 / webmaster /

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 http://shortsalepowerhour.com
Kevin and Fred are discussing Equator and B Of A Substitute buyers.

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Kevin and Fred the founders of Group 46:10. Over the last 10 years Kevin and Fred, and their team have closed tens of millions in real estate all over the country and have created some of the best training for agents in the market. Kevin and Fred are also highly sought after teachers whose work has helped agents all over the country build their own next level real estate business.
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HOW TO CLOSE AT LEAST 3 DEALS IN YOUR NEXT 90 DAYS

Get instant access to our online masterclass to learn the simple steps.

GET INSTANT ACCESS

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Kevin Kauffman & Fred Weaver

Kevin and Fred the founders of Group 46:10. Over the last 10 years Kevin and Fred, and their team have closed tens of millions in real estate all over the country and have created some of the best training for agents in the market. Kevin and Fred are also highly sought after teachers whose work has helped agents all over the country build their own next level real estate business.

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Reader Comments

7 Comments

  1. Michele on August 3, 2011 at 8:18 am

    Skeptical but it is a step in the right direction. I’m sure the bugs will need to be worked out but I am interested in what others have experienced. Have one now but value has dropped since the offer…..so not sure how that’s going to work. I would assume that the offer needs to mirror the approval. Oops! I know one should never “assume” in this business. My bad!! Looking forward to others comments on this new feature!!

    Reply
    • Fred Weaver on August 3, 2011 at 8:40 am

      I’m skeptical as well Michelle. Looking forward to others comments.

      What have the rest of you experienced thus far??

      Fred

      Reply
  2. Eric Bumgardner on August 3, 2011 at 1:21 pm

    Hey Fred, I have a new offer on a listing that we just lost a buyer so I will be testing it out today, I’ll let you know how it goes.

    Reply
  3. Sherman Smith on August 3, 2011 at 5:50 pm

    I had to explain to the negotiator that BOA had this policy. She tried to make me start over until I explained they had such a policy. She was surprised to find this out. We are underway with the new buyer.

    Reply
  4. Dean Ouellette on August 4, 2011 at 1:13 pm

    Yup had one two weeks ago. What they actually did was called a soft decline. The person handling the file told me to be patient, it was the first time he had done it and he did not know how long it would take. 2 weeks… Took 2 weeks before it triggered me to upload the new offer. Just did it, we will see how fast the approval comes now

    Reply
    • John Verdeaux on August 10, 2011 at 7:04 am

      2 weeks! You’re better off just starting a new file in Equator. I’m about to go through this process and hearing this does not excite me…

      Reply
  5. Fred Weaver on August 4, 2011 at 8:16 pm

    Interesting Dean – a “soft decline”. That’s a new one 🙂

    Reply

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