Bank of America Short Sale – Buyer Disclosure

by kevinjones on September 26, 2012

Tweet

Tweet

Realty Professionals 805-474-7040 Bank of America Short Sale, Buyer Disclosure form. Here is the wording from the form that all Buyers of a Bank of America Short Sale must sign for the transaction to progress. It goes over who is prohibited from buying the property and certifies that you do not fall into one of the categories listed and not able to purchase the said property

Realty Professionals 805-474-7040

Here is a copy of the form and below the wording from the Bank of America form:

SHORT SALE BA Buyers Ack Disclosure small 227x300 Bank of America Short Sale Buyer Disclosure

Realty Professionals 805-474-7040

Buyer(s) understand(s) and acknowledge(s) that the following persons are prohibited from purchasing the Property, directly, indirectly or through a family member, household member or an interest in a partnership, corporation, joint venture, trust or other entity:

1. officers, employees, or directors of Bank of America, N.A. (Bank), its parents, subsidiaries, or affiliated companies; 2. a spouse or domestic partner of a Bank employee, a dependent child who lives with a Bank employee, or any other person who derives his or her primary means of financial support from a Bank employee; and 3. Home Transition Services agents, brokers, appraisers, attorneys, trustees, employees of representatives and vendors (including ut not limited to property inspection companies, property preservation companies, title companies) of Bank of America, N.A., its parents, subsidiaries, or affiliated companies. Buyer(s) hereby certifies/certify that: I/we am/are not an officer, employee, or director of Bank of America, N.A. (Bank), its parents, subsidiaries, or affiliated companies. I/we am/are not a spouse or domestic partner of a Bank employee, a dependent child who lives with a Bank employee, or any other person who derives his or her primary means of financial support from a Bank employee. I/we am/are not an agent, broker, appraiser, attorney, trustee, employee of any representative or vendor (including but not limited to a property inspection company, property preservation company, or title company) of Bank, its parents, subsidiaries, or affiliated companies. This certification is made to the Seller in connection with the closing of the sale of the Property to the Buyer(s) under the purchase and sale agreement dated ______________ between Seller and Buyer/Buyers, as a material inducement to the Seller and Bank to proceed with the short sale, and it may be relied upon by the Seller or Bank and their respective affiliates, agents, representatives, and successors and assigns.