Bank of America FHA Short Sales can not be processed on Equator.com

By
Real Estate Broker/Owner with Remax 24/7 Real Estate

Another interesting experience with B of A. At least you can talk with someone faster these days but after talking with three different people, I found out the can not process the offer through equator. Ironically the person could not email or fax the documents. So if you are doing a B of A FHA short sale, you need their specific forms...I had to google the forms and you will find the PDF online. Here's the link to the form they are legal size.

http://shortsales66.com/bofa/FHA%20Short%20Sale%20Packet.pdf

Hope this help everyone.

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About Me: I have been in the real estate broker since 1993. I have a BS from University of Wisconsin-Madison (92). I have experience in real estate, land (subdivision) development, new home construction, and mortgage finance. This experience gives me a well round knowledge base of all aspect of a home and I use that knowledge to help sellers and buyers with highly informative sale style.

I am the first nationally certified distressed property expert (CDPE ) in the fox valley area and specialize in Foreclosures and Short sales. What this means? As a CDPE I am a skilled negotiator with banks on a national level and a savvy marketer of real estate. I set the right market determined price and convey the correct information to the banks, I can help successfully facilitate both residential and commercial situations where financial stress and market changes result in non-performing (upside down) loans as it relates to real estate property. This net result to my clients, is faster resolution and reducing long term credit damage.

Search for Foreclosures and Short Sales

Free Foreclsoure Reports and Short Sale Information

Thomas J. Otis Broker Associate; REALTOR®, ABR®, CDPE©, EAH,e-Pro RE/MAX 24/7 Real Estate 2835 W. College Ave. Appleton, WI 54914 Direct: (920) 284-8508 Office: (920) 734-0247 Fax: (920) 560-5438

email me: totis@remax.net

Web: www.gotorealestatetom.com 

Smart, Aggressive, Professional

Bank Foreclosure and Short Sale Specialist CDPE: Certified Distressed Property Expert EAH: Employer Assisted Housing certified

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Tags:
fha
bank of america
short sale
equator
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Rainmaker
1,019,354
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thomas,

Thanks for the info. it is definetly helpful.  Good luck with B of A they are tuff to deal with.

Apr 05, 2010 05:20 PM #1
Rainmaker
529,773
Peggy James
EXIT Realty Associates - Woodbridge, VA
Woodbridge Virginia Area Real Estate Specialist

Hi Thomas, I will file that new information since I have three short sale listing appointments this week. Don't you just wish they could get all this stuff standardized? Goodness..

Apr 05, 2010 10:25 PM #2
Rainmaker
3,053,814
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Let's hope this lender doesn't follow the path of Wells Fargo: No more extensions on approval letters - close by the approval date - or don't close at all!

Sep 17, 2010 03:54 PM #3
Rainer
334,224
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

Yes sometimes you get 3 different answers with the 3 people.

Mar 09, 2011 02:10 AM #4
Anonymous
Carol Haddock

You are a life saver on the forms. B of A has been trying to email them to me for days but the button wont open to let me print them.  Their system is messed up!! Ive done all the Java, Chrome, Adobe, updated nothing works.  I tried Active Rain on a long shot and you came though on the forms.

Mar 29, 2011 11:27 AM #5
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Rainer
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Thomas Otis

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