What is the BAC Addendum?

The BAC addendum is a Bank Of America lender specific form required to be executed in order to facilitate a short sale. The BAC addendum consists of Bank Of America’s Short Sale Purchase Contract Addendum and Real Estate Licensee Certification. If the borrower has a FHA loan there is a specialized FHA version of the BAC addendum.

Bank Of America requires lender specific documentation to facilitate a short sale; The following are the specialized forms they require:

• BAC Addendum
• Buyers Acknowledgement And Disclosure
• Borrowers Election Form
• Short Sale Third-Party Authorization Form

It is important to have these forms when the short sale begins as they will be required to initiate a Bank Of America short sale into equator with an offer. Having these documents ahead of time will prevent delays and the run around to get documentation completed.

Fill out the form below if you have any questions or need support in obtaining any of the needed items.