Mike Sher 2009 Track Record: 56 homes sold, 22 Short Sales and 365 of Focus  

A ton of agents are complaining about equator and how it does not work well with Realtors.  I think the bigger problem is that we Realtors need to figure out how to work with Equator.   So here are ten ways to make equator "Realtor Friendly"!!

1. Download the BOA Short Sale Equator guide http://bankofamerica.reo.com/documents/AgentEducationGuide.pdf
2. In your listing presentation, prepare your seller on how to work with equator.
3. On your addendum's to your purchase agreement include "buyer agrees to supply listing agent first 5 digits of buyer's social security number, address, phone number and date of birth 24 hours after mutual acceptance of offer."
4. After starting the short sale on equator (make sure you seller is available)  3 way call  866.880.1232 to set up the borrower on Equator
5. PDF in advance, into individual files, the borrowers tax returns, last two pay stubs, bank statement, hardship letter, financial statement, w2's and etc.
6. Check Equator daily to see if you have any open tasks, complete them ASAP!
7. Email through equator 24 to 48 hours after you have completed a task.
8. Call equator weekly if your account has been idle on the BOA side, have the customer service person trigger the account.
9. upload bank statements and pay stubs when every your seller gets them.
10. if you lose the buyer, be prepared to start over again and not to lose your cool!!!

Good luck and for any Michigan short sale seller's out there, contact me.  I would be glad to help.

 The Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, Novi, Huntington Woods, Royal Oak & Auburn Hills. Call us at (248) 644-4700 X 242 or check us out at www.ShortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher