Started one on Equator first part of December. Seemed plausible. Then went to HELD status.
Called in several times in regards to HELD status.....Customer service reps kept saying all looks good, yes we have everything, negotiator is working on it....
NOD had been filed unknown to me when I took the listing. Nothing showed up in Foreclosure Radar. Title company did not see anything. (Seller forgot to tell me the letter came in after I put on MLS) OOPS!
In…
ContinueAdded by Terry L. Osburn on March 13, 2010 at 7:01am — 3 Comments
Short Sale, Bank of America and the Squeaky Wheel
When I was a child I always heard "The squeaky wheel gets the grease" and today..I was the Squeaky Wheel. I have been working on a Short sale since November 16th. The sellers paid top dollar for the house $425,000 in 2005 and put $40,000 down.
In June my sellers had a 40% reduction in pay and the other was laid off. No question about the…
ContinueAdded by Jennifer James Team on March 12, 2010 at 8:17am — 6 Comments
Added by Ruth A Bruestle on March 12, 2010 at 7:31am — 6 Comments
Added by Todd Stearman on March 11, 2010 at 7:08am — 2 Comments
I saw the title of the Equator group....."muddling through the process" is certainly accurate. I have an offer long overdue to get approval or a response from B of A and as always seems to be the case with B of A, they seem to want to do everything to sabotage the deal. I thought Equator was supposed to solve their internal confusion and all it seems to do is make it worse. B of A is the 2nd on this one and we have now had approval from the 1st for over a month and it's due to expire soon. I…
ContinueAdded by Keith Kyle on March 10, 2010 at 7:28am — 2 Comments
Added by Amy Cole on March 10, 2010 at 6:31am — No Comments
Added by Nathan Dale Tramel on March 9, 2010 at 4:21pm — 3 Comments
Added by Gin Rich on March 8, 2010 at 6:44pm — 7 Comments
Hi folks. If you deal with short sales on a regular basis then you probably know by now that most of the major lenders are now requiring the transaction to be
processed through the Equator
system. …
Added by Bryant Tutas on March 8, 2010 at 2:30am — 8 Comments
Added by Jim Stewart on March 3, 2010 at 11:26am — 9 Comments
Working wonders with short sales, Janet and I have a short sale where the second lean holder wants a $25,000.00 promissory note; which the seller can’t come up with. The second has PMI which adds to the challenge. Normally a seller who elects to sell short doesn’t have the capital to make the payment and is trying to do the right thing by using the short sale option and not…
ContinueAdded by Richard OBrian on March 2, 2010 at 11:36am — 12 Comments
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