EQUATOR webinar by Bank of America Short Sale Dept.

Hope I never have to deal with the entirety of the short sale process. I dealve it out to a third party, professional, attorney based, short sale mitigation team at no cost to me or my firm. It is oh soo efficient and I just get my commissions faster!

Thank you, this is very valuable, thank you for sharing.  I will pass this on to the realtors I work with.

We have postponed a number of Equator short sales without a problem. Overall, the system seems to be working fairly well.

How timely is your post; Sal just went to the HAFA presentation [with Equator] today. Our Brokerage has an expert on staff, so the process is handled through her. we have decided to not do SS as one really needs the expertise in that area. Sal is the active Realtor in our partnership. He [we] come from New Home construction backgrounds.
Good info. It appears that individual states are preparing the way [for their Agents] to succeed.   
Barb & Sal

Hi Regina.   I just started one with a buyer.  The file was uploaded yesterday by the listing agent.  I am hoping it moves along more quickly now but I read somewhere that if tghe seller has not already started the short sale process with the bank, it can still take 1-2 months for an answer.  Does anyone know if that is really the case with BOA?

And THANKS for the link to the Bank of America webinar!!

Hi Regina.   I just started one with a buyer.  The file was uploaded yesterday by the listing agent.  I am hoping it moves along more quickly now but I read somewhere that if tghe seller has not already started the short sale process with the bank, it can still take 1-2 months for an answer.  Does anyone know if that is really the case with BOA?

And THANKS for the link to the Bank of America webinar!!

We have SUCCESS stories (plural)!!!!   Just closed one last Wednesday.....  This file came to us over a year ago.  After three buyers and a year of pulling our hair out in the old Bank of America fax program, we finally got to run it through Equator.  File was uploaded at the end of  January.  80/20 Fannie Mae.  Appraisal was completed 3 weeks after initiation.  Counteroffer rec'd in March.  Final approval received end of March. Buyer took 40 days to get his lender to the table.  Yeehaw! 

We hear horror stories all the time.  Many of the hiccups faced are easy to avoid with the right information.  The problem is that the reference guides provided by BAC and Equator do not tell the whole story and leave out simple but crucial pieces of info. ...we are hosting a webinar simply to fill in the gaps.