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Equator and FHA Insured Loans
Started this discussion. Last reply by Sharon Green Mar 26, 2010. 2 Replies 0 Likes
I spoke to a rep in the Short Sale Department of B of A yesterday. He told me that my clients B of A loan will NOT be transferred to Equator because it is an FHA insured loan. Is this true????
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Sharon Green joined Ethan Gregory's group
Negotiation Station
Having closed over 100 short sale transactions I am happy to lend advice and tips on how to get your short sale approved. Is your Seller scared and not sure what to say, is the bank unresponsive or do you have a difficult task? Feel free to ask!See More
Sharon Green commented on Mike Linkenauger's group HAFA Short Sale Program"Can a person who did a short sale in Sept. 09. Apply retroactively for HAFA? My client signed an unsecured note in order to close. B of A has not come after him for any payments, but the note is still out there. He had a conventional loan and was…"
Sharon Green commented on Michael Bellopede's group Government and Legal"My client signed a unsecured note with B 0f A in Sept. 2009. He was suppose to start making payments of $100.00 a month for 20 years. He has not received any correspondence from them. I don't want to ask him to call them to ask what is up. Are…"
Sharon Green joined Michael Bellopede's group
REOTrans - Equator
This group is to discuss the Equator Short Sale System, as well as any Short Sale and REO programs through Equator (formerly REO Trans)
Sharon Green joined Mike Linkenauger's group
HAFA Program
This is a group to discuss the HAFA (Home Affordable Foreclosure Alternatives) Program, which is to streamline the short sale process.
Angela Alfe replied to Sharon Green's discussion Equator and FHA Insured Loans"Yes. There are some government insured loans that cannot be processed through Equator."
Sharon Green posted a discussionEquator and FHA Insured Loans
I spoke to a rep in the Short Sale Department of B of A yesterday. He told me that my clients B of A loan will NOT be transferred to Equator because it is an FHA insured loan. Is this true????
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- I am a Realtor in No. Nevada. My mother and I own a brokerage and a Real Estate School. I teach pre-licensing, continuing education including Short Sales. I am bilingual Spanish/English and am committed to making a difference in my community. Our philosophy is that as professionals we provide a service we are not sales people. We bring people together and seek long term relationship with our clients and help make their buying and selling experience as successful as possible.
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