Bank of America Aims to Reduce Their Short Sale Timeline

On April 14th, Bank of America implemented changes to their own short sale process with the goal of reducing their company’s short sale decisions to less than 3 weeks. Utilizing the Equator short sale management platform, Bank of America anticipates that their new short sale process will enable the various parties involved in a short sale transaction (i.e. real estate agents, attorneys, etc.) to work together simultaneously while shortening the bank’s decision-making timeline from an average 45 days to 20 days.

Bank of America will be offering a task-by-task training webinar on the new Equator process to real estate agents and other short sale professionals on April 19th from 4 – 5 p.m. (EST). Additional information can be found through the company’s online Agent Resource Center.

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