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Marcelo,
Please join the REOTrans discussion group. Equator is REOTran's new name.
As far as your question, I was told that you don't need to initiate for both loans. Just the one. BUT, this is coming from the BofA short sale department and many of them are not trained on the system yet, so they may be right and they many be wrong.
Don't wait for them to assign. Go to Equator.com and initiate a SS on your end. Then you upload your authorization. Then, your seller has to input/upload their info. Then, you will be given another task. All tasks have a deadline. More info at the REOTrans discussion group.
Try calling them at Equator Support 866-677-2516. It's entirely possible that they will give you real information...
I should have asked Santa for quicker Short Sales. Instead, I asked for World Peace!
Happy Holidays!
-Mako
Marcelo, I just uploaded a new short sale to Equator. I'm not sure what to do yet either.
Can anyone lead me the correct 3rd party authorization for BofA. They have rejected mine.
Thanks,
April
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