Are Automated Short Sale approvals coming?
Friday, April 30, 2010 | Harlan Griswold III
In an effort to speed up the short sale process, some lenders are choosing to automate the way approvals are given. Bank of America is using a new system to automate the approvals of short sales, called Equator. It uses an Automatic Valuation Model (AVM) like Zillow.com to determine the value of the home, and any ... [Read More]
