Replies to This Discussion

Permalink Reply by Jan Sanderlin on January 24, 2012 at 2:21pm

Along the same line...I have a buyer in a WF ss...the list agent is processing through equator...one lien...we have not been assigned a negotiator, nor have there been any tasks assigned through equator...Does anyone have a good escalation contact??? I am tempted to suggest that they fax the dang package over as a non equator shortsale...we have been sitting here since November doing nothing...thanks in advance...jan

Permalink Reply by Kathleen Lordbock on January 24, 2012 at 4:24pm

Jan- just closed a WF outside Equator. It went well and fast.

Permalink Reply by The Negotiator on January 25, 2012 at 3:54am

Held status during the first 30 days after you have completed all tasks is perfectly normal. What is happening is Wells is ordering a BPO, waiting for that BPO, and once they have the BPO they run internal documentation gathering like title pull and possibly an internal value review.

If you completed your last task inside the last week then I would wait before sending msg. If its been 2 weeks then I would send a msg asking for status update.

Permalink Reply by Tego Venturi on January 25, 2012 at 7:05am

Thanks! 

Permalink Reply by Brenda L Wood on January 25, 2012 at 12:55pm

Tego, you might also want to pop over to the "Equator" group at Shortsale Superstars.  There are some good explanations there that you might find helpful.  Good luck!

Permalink Reply by Tego Venturi on January 25, 2012 at 1:36pm

Thanks Brenda.