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Bank of America’s Equator short sale processing system is designed to streamline your short sale.
Now that Alliance Short Sales has uploaded close to 30 Bank of America short sale files into the system I thought it would be helpful to give you some of the tips that we have learned.
Make sure you give yourself some time to upload the file the first time because the fields don’t always make sense and if you think you will get it loaded in 20 minutes it is highly unlikely.
Paperwork from your seller and seller registration is critical to your success. Also, make sure you understand that the Equator system gives you a time limit to address the tasks that you are assigned.
Even if you only need 30 minutes to upload a file, I guarantee that you will be slightly irritated when you have to upload the file a second time because you went past the Equator deadline.
If you have not had to deal with Equator yet, since B of A has a large majority of loans in default after their acquisition of Countrywide, you are bound to run into it sometime soon.
If you dont want to deal with Bank of America’sEquator system or any short sale negotiations for that matter take a look at our website to find out how Alliance Short Sales can be your full time short sale negotiator without charging you a transaction fee.
Visit us at: http://www.allianceshortsales.com/
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