Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Bank of America Short Sale a Nice Surprise
 
Last week I successfully closed my first short sale with Bank of America. It took 10 weeks from the time I uploaded the purchase offer and supporting documents to the new Equator website used by B of A until the sale closed. Contrary to warnings I'd heard from Realtor® colleagues, my experience working on a short sale with Bank of America was no “nightmare that dragged on for six months or more”.  In fact, my first Bank of America short sale turned out to be a nice surprise. This is due in large part to them teaming up with the website, Equator.
Equator www.equator.com is the platform recently adopted by Bank of America to help manage the process of their short sales, among other things. For the uninitiated, Equator bills itself as the "The Complete Solution for Default Servicing ". Their new website is a place where real estate professionals, lenders, mortgage servicers, mortgage insurers, vendors, and the government can go to connect and automate their process on a daily basis-whether it’s a short sale or an REO sale. Automating the short sale approval process through Equator not only standardizes tasks but also makes the process much more user-friendly and transparent. Everything is done ... more

__________________________________________________
Are you on The Rain? Grow Your Network!