SHERI WILSON
  • Female
  • Las Vegas, NV
  • United States
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Negotiating a WF short sale in Equator

Started this discussion. Last reply by Joseph C. Alfe Jan 13, 2013. 7 Replies

This is my first attempt to use Equator to process a short sale.  The task is Negotiate Hud-1.  Can you just change their figures and not submit an addendum or new purchase agreement?  Neither seems…Continue

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Latest Activity

Joseph C. Alfe replied to SHERI WILSON's discussion Negotiating a WF short sale in Equator
"You can negotiate in Equator without usually submitting more documents. This is what the worksheet is for."
Jan 13, 2013
TOP END Properties replied to SHERI WILSON's discussion Negotiating a WF short sale in Equator
"I would always get the original contract changed with initials prior to submitting the equator counter offer.  There is a very good chance they will accept their own counter offer, however it is not 100% guaranteed (it is…"
Jan 5, 2013
Raul Lozano replied to SHERI WILSON's discussion Negotiating a WF short sale in Equator
"Hi Sheri, did you get an offer when you started the short sale on Equator? "
May 10, 2012
JOYSIELYN HOWARD replied to SHERI WILSON's discussion Negotiating a WF short sale in Equator
"Hi Sheri, you can negotiate when they give you a counter offer.  It is usually on offers icon in the equator.  You can either accept or change the amount you want on the itemized offer.  Just make sure that you will have an addendum…"
Mar 7, 2012
Nazario Trujillo replied to SHERI WILSON's discussion Negotiating a WF short sale in Equator
"You can change their figures in equator and submit it according to the pre-liminary HUD-1 you received from your Title Company, and go back and forth until they approve it or an agreement is met between WF and your Seller...Always remember your…"
Mar 6, 2012
SHERI WILSON replied to SHERI WILSON's discussion Negotiating a WF short sale in Equator
"Thanks Mary Ann - I am surprised no one responded with answers.  Maybe we can help each other!"
Mar 5, 2012
MaryAnn Ead replied to SHERI WILSON's discussion Negotiating a WF short sale in Equator
"Sheri, I see you have no answers. Bummer! I was hoping to get some insight myself. I am doing my first short sale with WF on equator also. I have had a bit of an issue, myself, with what is required. It seems as though quite a bit of it has me left…"
Mar 5, 2012
SHERI WILSON posted a discussion

Negotiating a WF short sale in Equator

This is my first attempt to use Equator to process a short sale.  The task is Negotiate Hud-1.  Can you just change their figures and not submit an addendum or new purchase agreement?  Neither seems to be required.  How likely is WF to approve our counter to their negotiated HUD-1?  Anyone know? They don't seem to have a place to negotiate, just a place to accept WF's negotiations.See More
Feb 28, 2012
SHERI WILSON replied to SHERI WILSON's discussion EQUATOR in the group Wells Fargo Short Sales
"Thanks Andy - I appreciate the advice.  My situation is this, I am an inactive agent right now, semi-retired to take care of my parents.  I hadn't represented sellers in short sales prior to going inactive, only buyers. …"
Feb 3, 2012
Andy Stetz replied to SHERI WILSON's discussion EQUATOR in the group Wells Fargo Short Sales
"the trick is not to get frustrated. If you get frustrated, they win and you lose and your client loses. Make sure you become fully acquainted with all the different options available for your client(DIL,COOP with BOA, MODS, etc).  I just…"
Feb 2, 2012
SHERI WILSON replied to SHERI WILSON's discussion EQUATOR in the group Wells Fargo Short Sales
"Thanks Paul - there is a negotiator signed to my first file and I am emailing and calling her - no response but customer service at least tells me where she's at with it.  My second file is the problem.  I entered it as a short sale,…"
Feb 2, 2012
Paul Francis replied to SHERI WILSON's discussion EQUATOR in the group Wells Fargo Short Sales
"Once you get past the underwriting stage and actually have a negotiator assigned to the file, it's not bad. As for what Andy mentions about the required files requested that you might not have when it asks for all of them at once -- just…"
Feb 2, 2012
SHERI WILSON replied to SHERI WILSON's discussion EQUATOR in the group Wells Fargo Short Sales
"Thank you Andy - looks like I'm in for a frustrating time with WF!  "
Feb 2, 2012
Andy Stetz replied to SHERI WILSON's discussion EQUATOR in the group Wells Fargo Short Sales
"Yes, interesting, fun-no!  Wait, wait, wait. Not task assigned. Suddenly you will be given 4 days to upload all the docs and your end date will probably be on a sunday night. When the  assigned task of uploading documents is opened there…"
Feb 1, 2012
SHERI WILSON replied to SHERI WILSON's discussion EQUATOR in the group Wells Fargo Short Sales
"Thanks Paul - I just want to make sure I am doing everything I can to get this short sale approved.  "
Feb 1, 2012
Paul Francis replied to SHERI WILSON's discussion EQUATOR in the group Wells Fargo Short Sales
"You can request that everything be faxed in... Other then that... you can't even upload documents or supporting documents the way Wells Fargo has it set up unless they assign the task. Showing reports, BPO, Supporting documents,…"
Feb 1, 2012

Profile Information

Occupation
Assistant
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
LAS VEGAS, NV
Short Sale Designations and/or Special Training
CDPE (Certified Distressed Property Expert)
Short Sale Transactions Completed
0-5
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
None
About Me/Profile of yourself: - Please add your Brokerage Company name also!
My name is Sheri Wilson. I was a licensed real estate agent for 10 years, inactive this year. I assist Broker Robin Camacho of Neighborhood Realty in Las Vegas in processing short sales.
Put in todays date! This is to help stop spammers!
January 31, 2012
PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
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