Short Sale Blog

One of the positive developments in the short sale industry in the last year was the rollout by Equator of an online short sale management system. Currently, Bank of America and GMAC are the primary users of the system. Previously, getting a short sale approved by Bank of America could easily take 6-12 months. They were simply deluged by paperwork from hundreds of thousands of borrowers and couldn't keep up.

The Equator system is a web-based file management system with built-in case tracking. Overall, we are very pleased with the system. If you go to our short sale approvals page, you can see how long it is now taking to get approval letters. In particular, look for ones titled BAC Home Loans. Those are approved short sale approval letters that Bank of America issued via the Equator system

We are glad to see that Equator is unveiling a software platform for smaller firms. We expect that this development will only help homeowners who are looking to sell their home and avoid foreclosure. If you are a homeowner in Washington State and would like assistance selling your home via a short sale, please contact Seattle Short Sales, Inc. today.