Equator system streamlines short sales

Back in late 2009 Bank of America was the first lender to start utilizing the online system “Equator” to process their short sales. Supposedly this system was to expedite the short sale process and for anyone who has ever been subject to a Bank of America short sale the word “expedited” doesn’t come up too often!

I am happy to say that Equator has certainly streamlined the process and we are happy so far with the results. GMAC has also jumped on board and although it isn’t exactly cutting the approval time in half it certainly organizes the files much easier and does cut down on processing times.

Hopefully as the months move along and other lenders jump on board the short sale process will continue to become easier to control.

We list, process, & sell Arizona short sale properties 7 days a week and are experts in the entire short sale process as well as all lender systems such as Equator. Please contact us at 480-241-4406 if you would like more information about how to short sell your Arizona home.

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