Friday, January 22, 2010

BofA moving us to the Equator System

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Hopefully this is good news.  As I mentioned in a previous post (click here to view) Bank of America has two systems for submitting short sale paperwork.  The older, FAX system which has been plagued with huge delays and other issues and the new online Equator system.  My understanding from the blog posting I was referring to was that the Equator system was only being used for primary loans, not equity lines / seconds.

Well, received word today that our Realtor is going to be able to submit using the Equator system, so as I said, hopefully this is some good news.  I'll feel more comfortable once they can at least acknowledge receipt of the package!


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