Replies to This Discussion

Permalink Reply by Michael Schneider on June 16, 2010 at 7:04am

One Equator entry is fine, at least, that is what I've done.
Just be sure to include the request for consideration in the Equator offer screen and on the preliminary HUD1. You should show both payoff amounts, separately, in the 500 section of the HUD.
I've had good results (so far) with 1st and 2nd, owned by different investors, but both serviced by BofA. It's odd, but it seems to work. Mabye because mine have been CW piggybacks?
("I'll give you $2,000. No, I demand more. How much? I want 10% of UPB. Hold on, I'll see...Nope, $3,000, max. Ok.")

Permalink Reply by Robin Rowland, GRI, CSP on June 16, 2010 at 11:31am

Make sure to double check that the loans are linked together. Most of the time they are but I'm working on where they were not linked together. Everyone at BofA kept saying, "hmm, that's odd". Anyway, it took a few phone calls to deal with it and ultimately it was the Short Sale Department that linked the two. It is new that the Short Sale Department can handle this. It used to be Customer Service and so I kept getting transferred back and forth. This all happened this week.

Permalink Reply by Joe Barnwell on June 17, 2010 at 4:19am

thanks for the info!