Download Bank of America Verbiage

Listing Agreement:
 Must have the following verbiage verbatim: "Seller may cancel this
Agreement prior to the ending date of the listing period without advance
notice to the Broker, and without payment of a commission or any other
consideration if the property is conveyed to the mortgage insurer or the
mortgage holder. The sale completion is subject to approval by the
mortgagee."
 Any changes or corrections on the listing agreement must be initialed by
all parties including the agent.
Purchase Contract:
 Must have the following verbiage verbatim: “Sale is contingent upon the
seller obtaining the prior written approval of Bank of America.”
 Must have the following verbiage verbatim: “All parties agree and
understand that the closing will be held within 60 days of short sale
approval”
 ALL PAGES OF THE CONTRACT MUST BE INITIALED AND DATED BY ALL
PARTIES INCLUDING THE AGENTS.