I could hardly believe the news that I am reading about Bank of America signing up with Equator to use their software to process short sales.  This is flat out amazing!

For anyone that is in the business of selling homes, Bank of America has become a pariah because of their long wait times to get short sales processed and the amount of red tape that had to be dug through.  Many real estate agents wouldn't even do a short sale with BofA.

This has some promise however.  I am still not a fan of Bank of America, but if they can prove that they are turning their short sales in a reasonable amount of time, it will go a long way towards getting homes off their books.

Of course it will not eliminate the stupid requirements they hand down, or stop them from denying deals based on price.

Only time will tell if Bank of America has decided to play ball and make some deals happen or if this is just some sugar candy they are teasing us with.