Equator.com CANNOT Accept or Deny a Short Sale.
By Bryant Tutas, Selling Florida one home at a time
(Tutas Towne Realty, Inc and Garden Views Realty, LLC)
Hi folks. Today I want to clear up one big misunderstanding about the Equator.com system. For those of you that aren't familiar with Equator, Equator is the online portal that Bank of America and GMAC use to help expedite their short sales. Quite often I hear from agents, buyers and sellers that......"Equator accepted our offer" or "Equator denied our short sale." In fact, here's a question I pulled off of www.ShortSaleSuperStars.com this morning. "Equator accepted our counter. Then 5 days later said it "made a mistake" and rejected our offer, after it accepted. Has anyone seen this before?" MY RESPONSE: Equator is nothing more than a software program to help lenders/servicers process short sales. They don't have negotiators nor can they make decisions about short sales. When a short s...
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