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 2
June 7, 2010 By 2 Comments
Bank of America’s equator system reduces chance to successfully close short sales – PART 1
June 4, 2010 By 8 Comments
I’ve been asked to write an update on Equator. 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 and then finally what to do with Equator. PART 1 Thinking about taking on a new short sale? [...]
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 [...]
