Part 2 – Equator Tips for Success If you want to be successful in short sales that require Equator make sure to employ these Tips and Traps. Part 1 can be read here The following Equator tips and traps come from Dan Welch. Dan Welch is the lead short sale negotiator for Home Solution Counselors [...]
Traps to Avoid with Bank of America’s Equator system.
December 3, 2010 By 3 Comments
Part 1 – Equator Traps to Avoid. If you want to be successful in short sales that require Equator make sure to employ these Tips and Traps. The following Equator tips and traps come from Dan Welch. Dan Welch is the lead short sale negotiator for Home Solution Counselors. Dan saw the light and fled [...]
Bank of America is ready to resume foreclosures.
October 19, 2010 By Leave a Comment
The Wall Street Journal is reporting that BofA is ready to crank up the foreclosure machine once again. Amazing what can be done when Bank of America might take a financial hit. BofA can’t seem to locate the submitted paperwork for a loan modification (or short sale) at least 30% of the the time. Their [...]
Bank of America’s equator system reduces chance to successfully close short sales – PART 2
June 7, 2010 By 4 Comments
Homeowners & agents nationwide are confused. What is Equator and how does it impact my short sale? In this blog let’s examine the negatives and then finally what to do with Equator. Thinking about taking on a new short sale? REALTORS take note, Equator is the new “in thing” for Bank of America and [...]
Bank of America’s equator system reduces chance to successfully close short sales – PART 1
June 4, 2010 By 13 Comments
This is an update on Equator. We now have the top Tips and Trap to be sucessesful versus failure. CLICK HERE FOR BANK INSIDERS TIPS & TRAPS. Homeowners & agents nationwide are confused. What is Equator and how does it impact my short sale? In this blog let’s examine the positives…up next the negatives [...]
What is Equator? Shhh…Bank of America secrets below
April 13, 2010 By 4 Comments
For those who are about to launch a short sale BofA’s way please take note of their love for what used to be REOTrans and now is the new Equator system. We have been testing this with them for quite some time. In a nutshell they are pushing the work out to the loss mitigation [...]
Short Sale’s are gaining traction with Lenders
March 29, 2010 By 2 Comments
For homeowners the choice is VERY CLEAR; short sales do less damage to credit, allow the homeowner to satisfy a large portion of the debt and in many cases allow for the homeowner (who has fallen behind on payments) to live “rent free” while the sale is negotiated. The following article on CNNMoney highlights what [...]
