AS many Agents might know by now is that Equator Short Sale initiator started few months ago does work. After trying twice to put a short sale through BOA short sale support since June 2009, I finally can say that I was impressed with the way my short sale was handled by Equator Rep. the last 2 weeks.
On February 26, 10, I initiated a short sale on www.equator.com and withing two days I received a response requesting 3rd party authorization, I sent it right a way, next day I received another request for other documents. The documents request was kind of upsetting at first because I have already sent the same documents to BOA twice.
However, I sent the same documents anyways for third time. Two weeks later, I received a call from an Agent needing access to do BPO for the short sale. As of today all the necessary processed has been fulfied, now we are waiting for investor approval for our payoff offer on HUD1 Statement.
So fellow Real Estate Professionals, if you have any Short Sale that you are working or anticipate any BOA short sale soon, run to equator web site and initiate your short sale right away. It is less hassle and no less frustration.
Keep in mind that Equator currently have BOA account for Short Sale. I hope more Lenders will come on board with Equator soon.
Finally, anyone have similar experience with Equator or other companies?