I could have sworn that I have seen that GMAC is on Equator, but I can't seem to find where. Any suggestions?

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You have to call into the short sale department and they will initiate for you. They will send you the task to accept/reject and then you are activated.

Oh, thank you so much. Doing a short without using Equator is worse than going to the dentist



Tiffany Abbiate said:

You have to call into the short sale department and they will initiate for you. They will send you the task to accept/reject and then you are activated.

I am negotiating a short sale on equator with GMAC and when I set it up, GMAC was in the pull down menu of banks, but it is not there any more.  I still have it on equator and it says GMAC so I am not sure what you should do.  Also, GMAC is now ALLY.

 

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Did you get this figured out?Seems like its been over a month for you. I think GMAC has been quick at responding once they receive the information. But, the buyer cancelled, on the only GMAC I have, so am not sure how they are on approvals. I used the Equator system, once they received the fax notice from me stating I had a contract.

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