Forum

BOA Equator

Posted by Cynthia Hammer on October 31, 2011 at 2:32am in Short Sale Discussions

 

I am taking a listing tomorrow that will need to go through Equator.  I have done two short sales with BOA but not with Equator.

The seller bought the home in 2000 and refinanced in 2008 for more money.  How does it work if she received cash from the refinance?  Does it matter or not?  If it does matter, how is it handled in a short sale?

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Tags: BOA, Equator
Email me when people reply –
Follow

Replies

  • MeLisa Minter October 31, 2011 at 5:51am

    Yes, I agree with the other posters, the refi shouldn't matter.  Be careful with Equator, some of my emails have been bouncing back and I don't know why.

    • Jeff Payne > MeLisa Minter October 31, 2011 at 6:39am

      What do you mean by your emails are bouncing back?  Are you sending thru equator or outside of equator?

  • Jeff Payne October 31, 2011 at 2:52am

    The process does not change.  Many,many people did the same thing and have been left with a short sale situation.  How many mortgages are on this?  Where did hte cash go?  If she has cash, expect the bank to ask her to contribute

    • Cynthia Hammer > Jeff Payne October 31, 2011 at 2:58am

      Wherever cash she had is gone now...lol

      • Jeff Payne > Cynthia Hammer October 31, 2011 at 3:47am

        Sounds like a typical short sale to me

  • SE Davis October 31, 2011 at 2:52am

    That shouldn't matter.

    • Cynthia Hammer > SE Davis October 31, 2011 at 2:59am

      WoooHooo!  Thank YOU!

This reply was deleted.
********************************** like buttons ************************