Lenders Have Finally Embraced Short Sales

August 19, 2010 By Leave a Comment


Cape Coral, FL (Vocus) June 5, 2010

Lenders have finally embraced short sales. The short sale process is becoming standardize with 7 out of the top 10 mortgage lenders now use an electronic system called Equador to close a short sale quickly. Average time to close a short sale has gone from 6 months to 2 months with the Equador system.

Broker Robin Speronis, founder of Zen Real Estate, www.AskZenRealEstate.com, has recently earned the Equator Short Sale Agent Certification and reports that with the lenders’ blessings, there has been a great shift in the market away from foreclosures to short sales. Lenders are allowing more borrows to sell their home for less then they owe as an alternative to foreclosure. The Equator web-based, electronic system is now used by 7 out of the top 10 lenders and has dramatically increased efficiency of the short sale process and cut the average short sale time from 6 months to 2 months.  Read more...

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Loan Modification/ Short Sale info for Top Lenders

July 14, 2010 By

Here’s a list of Top Lender’s websites where their Loan Modification and/or short sale information and forms can be filled in or downloaded. If you don’t see your lender here email or call me and I’ll be glad to help you find what you need. Please also keep in mind that some lenders don’t have company specific forms and generic forms can be used. Contact me and I could also supply those if you need…

Wells Fargo- Payment Help, Phone   (800) 678-7986

Wachovia- Loan Assistance, Phone (866) 975-1814 or (866) 642-9405

Bank of America/Countrywide – Home owner Assistance, Phone (866) 880-1232

Chase/WAMU-  Mortgage Help, Phone (866) 550-7505

Citi Mortgage- Home Help, Phone (866) 520-5499

Suntrust Mortgage- Home owner Help, (800) 443-1032  Read more...

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