Chase Short Sale : Just Initiated Into Equator

We've been hearing it a long time, but today a Chase representative actually initiated one of our files into equator today. Chase files will be initiated into equator similar to how GMAC does it. One cannot initiate it into equator themselves and will need the assistance of the short sale department. Let's hope their equator system moves smoothly!


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Comment by Jacqueline Trump Hockenbury on October 25, 2012 at 10:48am

This makes for much smoother transactions!!!!

Comment by TOP END Properties on October 22, 2012 at 5:14pm

Good news!  Equator is great for tracking.

Comment by Brett Goldsmith on October 22, 2012 at 1:47pm

I personally enjoy equator, but it's mainly in fact that we have an escalations team assigned to all our files with Bank Of America. GMAC and Nationstar are fairly easy to process in equator as well. Well's Fargo equator is much more detail orientated.

Comment by Jan Nicola on October 22, 2012 at 1:39pm

I get so discouraged with equator.  I have closed many short sales when I can deal with the lender directly.  I lost 3 sales in the last year through equator.  I had offers and with 2 of them we ran out of time and they went to foreclosure and with the 3rd, the buyer got discouraged and bought another house.  A negotiator at equator told me he had 52 files in front of mine.  If they are going to take on new clients, I wish they would hire more help.  These sellers are cooperating to get the short sale closed.

Comment by Victoria Childs on October 22, 2012 at 12:35pm

I agree with Tony. It will make the process longer, & does not allow for personal contact.

Comment by Tony Morales on October 22, 2012 at 11:39am

I personally do not see it going smoothly. Here is another bank that wants to hide behind computer software and remove the personal contact with the negotiator.  We will be victims of having different formats to follow with different servicers.(Nationstar,  Wells Fargo, etc)


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