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Real Estate Investing :Many Sellers Experience A Nightmare During The Short Sale Process
Posted on September 17th, 2010 No commentsArticle Summary:
Real Estate Investing for real people… by real people. Do you know how to use real estate investing to achieve your life goals and live a more fulfilled and gratifying life? Most don’t. Learn from the worlds largest unbiased and honest real estate investing resource on the net.Bank of America changed the way they do Short Sales this year by going to the Internet using what we as Short Sale Realtors ® know as Equator. This helps elevate all the lost faxed documents that B of A professed to have and helped the Realtor ® by not having to fax over and [...]
Article Content:Bank of America changed the way they do Short Sales this year by going to the Internet using what we as Short Sale Realtors ® know as Equator.
This helps elevate all the lost faxed documents that B of A professed to have and helped the Realtor ® by not having to fax over and over again. I have to say, that I never had this problem. Bank of America always received the Short Sale documents I sent but others did have difficulty so I hear.
At the same time Bank of America initiated Equator they also started a B of A website for the Short Sale Seller (pictured above). Now, this is all and good except for the Short Sale seller who does not have a computer, is not computer savvy or the Short Sale Seller who is in the process of moving and does not have access to their computer.
A Short Sale seller I was working with had just this scenario…she was moving out of the State of California, her computer was packed and finally upon arriving, she had no hook-up to the Internet. After weeks of waiting for the distressed homeowner to get access to the Internet, she found that her computer was not functioning due to a virus and needed to pay someone to fix it.
Now, all this was in the midst of packing, moving, unpacking and dealing with her terminal father which was the reason for her departure and the Short Sale of her home.
Since we as Realtors ® have all the information (or at least should), regarding the Short Sale homeowner, it just doesn’t make sense that B of A requires the distressed homeowner to log-in to Bank of America’s system to fill out the very information that as a Short Sale agent I already have.
In my opinion this is a tedious system and one that an already distressed Short Sale seller need not have to endure.
Other Short Sale Articles:
Gena Riede is a Short Sale Agent
Can’t Pay Your House Payment?
Sacramento Getting Some GREAT Real Estate News
Sacramento Short Sale Tip
Is A Short Sale Different When It’s A Rental?
Are You Having Trouble Paying Your House Payment?© gena for Sacramento Real Estate and Luxury Homes, 2010. |
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