I just got one approved, official notice came yesterday afternoon. It was supposed to take two weeks from the time that all the data was collected. It took just over three weeks, but it got done. Hurray.
A couple of other tasks in the held status include running a "soft credit check" on the buyer and having someone "over there" determine the NPV (Net Present Value).
I agree, when calling about your file, you must ask for someone that knows the Equator system. They can't do much about your file, but at least you will know where you are in the process. In three months, I got only one email from my negotiator. No phone calls.
What is a "soft credit check"? and what is the purpose? Does BOA consider a sellers credit score when deciding approvals on short sales? If so...are they looking for high or low scores?
Pamela Oettel said:I just got one approved, official notice came yesterday afternoon. It was supposed to take two weeks from the time that all the data was collected. It took just over three weeks, but it got done. Hurray.
A couple of other tasks in the held status include running a "soft credit check" on the buyer and having someone "over there" determine the NPV (Net Present Value).
I agree, when calling about your file, you must ask for someone that knows the Equator system. They can't do much about your file, but at least you will know where you are in the process. In three months, I got only one email from my negotiator. No phone calls.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.