Providing you with the knowledge and tools needed to succeed with Short Sales.

Equator

Information

Here's a group for us to share info about muddling through Equator.

Website: http://www.equator.com
Members: 449
Latest Activity: 12 hours ago

Bank of America Short sales 1-866-880-1232
Equator "Help" number 310-469-9167

BOA Equator Guide.pdf

GMAC Equator instructions.pdf

Equator FAQ.pdf

You should initiate the short sale at www.Equator.com

You must obtain the following (and more) for each buyer to enter into the Equator system:

First five digits of social security number
Date of birth
Telephone number
Address

You will need the following for the buyer's agent:

Email Address
Company Mailing Address

You will need the following for the loan:

Interest rate
Lender contact info

In addition, your seller must call 1-866-880-1232 to get a password emailed to them so them may log in to https://shortsale.bankofamerica.com

They will answer several questions and upload their financials documents on the site.

Discussion Forum

Equator counteroffer 16 Replies

I just got a counteroffer for a short sale on Equator, it was submitted on 11/17/09. Hopefully this is a sign of things to come.

Started by Jeff Payne. Last reply by Jeff Payne Aug 30.

sellers' input 8 Replies

Does anyone by chance have a copy of the forms the Sellers need to complete on Equator? I thought it would help to have the Sellers fill those out and then I could input the info for them. A lot of…

Started by Karyl Moore. Last reply by Janie Booth Aug 29.

What do you think of Equator and Bank of America? 4 Replies

Since most have been working with Bank of America through Equator for a while now, what are your thoughts? What do you like? What would you like to see change? What is the quickest approval letter th…

Started by Jeff Payne. Last reply by Kathleen Sheridan Aug 28.

Please Help! 7 Replies

Can anyone tell me how can I go about getting a negotiator to help with a short sale I've been waiting for... it's going on 8 months now & I'm so tired of waiting. Getting a bit frustrated... we…

Started by MD. Last reply by Deanna Funderburk Aug 26.

Counter from BOA/ buyer will not accept 5 Replies

Has anyone had any luck on getting BOA to accept less than what they countered on Equator? I talked to the negotiator and she says that if the buyer will not accept, then I have to put it back on th…

Started by Maria Ammerman. Last reply by Wendy Rulnick Aug 25.

Reason for Rejection: Other 28 Replies

My team has messed around with Equator for hours each day inputting our Bank of America short sales. We have uploaded a few of them up to four times. Here is the rejection email we get- when we cal…

Started by Wendy Rulnick. Last reply by Wendy Rulnick Aug 24.

Investor approval process 17 Replies

I have been told that our short sales offer submitted through equator has been sent for investor approval . The "soft credit pull" task was pending for a very long time ( supposed to be done by 31st…

Started by Rahul Aggarwa;. Last reply by h Aug 23.

BoA Accepted Purchse price and counter offered closing costs - We accepted their Counter Offer - then, they came back and countered on the Purchase Price! What the heck?! 14 Replies

I am the buyer. Both the seller's agent and my agent are well versed in Short Sales. We submitted an offer in January for $207K on a house with $9K in closing costs. Based on the comps, this offer…

Started by Melody Moore. Last reply by George Isaacs Aug 20.

Freddie Mac - Removal of Deficiency Language 2 Replies

Has anyone had a Freddie Mac file where they were able to get the deficiency language removed? Thanks!

Started by Laura Marshall. Last reply by Srikanth Aug 19.

Frustrated 2 Replies

I had an offer in Feb. 2010 and now understand that I didn't handle all the info properly, at that time. I resubmitted properly in April 2010 and spent the next 4 months on an all cash deal,( BOA web…

Tagged: frustration, mexico, new

Started by Linda A Puzak. Last reply by Linda A Puzak Aug 13.

Comment Wall

Comment

You need to be a member of Equator to add comments!

Comment by MD on August 25, 2010 at 2:01pm: You all have been so helpful! Thank you!!

Comment by John Treadwell on August 25, 2010 at 11:15am: You can get all the 3th party signs and take over the Neg. ,as the buyer agent if all parties agree, some agents get bury in too many at once ,and need help too.

Comment by Lisa Helweg on August 25, 2010 at 10:19am: MD- You could have the listing agent try the Customer Relationship Advocacy Department at (800) 669-2443, Ext. 2773. This was once known as the 'Office of the President'.

Another contact would be john.ciresi@bankofamerica.com

Comment by Brigitte Powell on August 24, 2010 at 6:07pm: :-) sorrrrrryy !!! I think I said I asked for someone to "get him" the number today if they can, because I can't get it to you until tomorrow. I will check back in the AM and will send you what I have.

Comment by MD on August 24, 2010 at 4:59pm: Thanks Brigitte, I'm a she... :)

Comment by Brigitte Powell on August 24, 2010 at 4:33pm: Ooops MD....are you a he or a she :-)

Comment by Brigitte Powell on August 24, 2010 at 4:32pm: MD.....what does your buyers agent say? He/She needs to put fire under the listing agent's t... and say "My buyer is looking to move on" etc etc. I will be back in the office tomorrow and will get you a couple of numbers.....BUT, the listing agent is the one who needs to get it escalated.
If someone can get him the number to corp for escalation sooner than I can tomorrow, please give it to him.

Comment by MD on August 24, 2010 at 11:17am: What #'s can I provide the listing agent with in order for him to escalate it? Anyone know? Your input has been so helpful and I appreciated immensely!

Comment by MD on August 24, 2010 at 11:14am: Brigitte, I'm the buyer... I've been making noise, I'm getting nowhere, VERY Frustating!!

Comment by Brigitte Powell on August 24, 2010 at 10:27am: Equator is just a vehicle for these transactions, they have nothing to do with the speed of which you get approvals or replies...unless it is technical....and I don't think yours is technical. Make some noise, send emails to all the names listed in the column that tells you who you are sending your email to: i.e agent, negotiator etc. send emails to all listed (except of course agent which is you). If nothing happens after three days start calling the corp numbers. Start something today! :-) good luck!