I just received an email from Wells Fargo stating that I have been chosen to test Equator with them. They say that they will send me Short Sale Assignments. I am trying to find out if this email went out to everyone with Equator, or if this really is something positive. I would appreciate your thoughts.
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When you receive a short sale request from a homeowner who wants to use Wells Fargo you are free to set it up in Equator with us. So in that respect, yes you are getting your own listing and adding it to Equator.
When we receive short sale requests from homeowners directly, we send them a list of Wells Fargo approved agents available in their area and they are free to choose the agent they desire. So in that respect, yes your name might end up on a list if a homeowner in your service area is requesting a short sale.
I am now going on to Foreclosure Radar and picking out people to market to. :)
Myself and two broker associtates in my office Received the email. I am currently a PAS REO broker as well as, have active shortsales in Equator with B of A. Don't know if only agents with shortsales in the system got this letter or if it was based on a realtionship, referral from a BM. Regardless its a good thing, and there is nothing like being on the forefront of something this big. If this dosen't spell it out clearly where this market is heading, I don't know what eles to say. Congrats and lets work together to make this process a success...
I received this email as well and another agent in my office who uses Equator for Short Sales did not.
I now have BOFA, WF and ASC as options to initiate a short sale with.
I am a BOFA Listing Agent and really dont have ties to WF, but hey lets see where this goes!