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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