Bank of America to Reduce Short Sale Processing Time

By
Real Estate Sales Representative with Wizards of Waz Real Estate

This article from DSNews explains how Bank of America is chaning their Equator module with hopes to reach a decision on short sales in three weeks.

Since I process a large number of short sales through Equator, I recently recived an email from them requiring a number of BofA  docs to accompany all offers at the time they are submitted. This change takes place on April 16. At first I was somewhat perturbed by yet another change in policy but if, in fact, this is part of a plan to speed up the process, I am all for it. I only hope that they are able and willing to follow through on these promises.

Now if only they and the government would allow their FHA loans to be processed through Equator. Thise are still a nightmare!!

 

http://www.dsnews.com/articles/bofa-makes-changes-to-trim-short-sale-timeline-2012-04-09

 

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equator
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maricopa az
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