New Pains to Bank of America’s Short Sale Process Bank of America recently has introduced their online application, Equator (previously named REOtrans), for managing their short sale transactions. Their intent is to help their short sale team with the processing of the huge volume of short sale applications being received by the bank.
Posted: 2010-01-13
Category: Sales
Lenders asking for seller contribution for Short Sale Approval We are starting to receive requests from lenders who ask for a seller contribution before a short sale can be approved. This trend is different from the days where a lender would be able to just review the seller’s financial documents to verify that they do not have funds available to contribute.
Posted: 2010-01-12
Category: Business
Fierce Competition for Short Sale and REO Listings! WHB is always trying to share the news and trends that are happening in the Housing Market that directly impact Short Sales and here we are again, giving you a pulse of what’s going on in our local market.
