Nationstar Equator Short Sale

Equator is likely the largest online platform that is used to facilitate short sales online on the banks end. If your mortgage servicer is Nationstar and you need to complete a short sale the file will go through equator. It does not matter if it is a FHA loan, VA, Fannie Mae, Freddie Mac, or a private investor it will need to be placed into equator. Nationstar Equator short sales are initiated by the listing agent directly. Unlike other banks they do not require any specific documentation to initiate a file into equator as you only need the loan number. Once the Nationstar Equator short sale is fully implemented into the system tasks will trigger step by step which will require specific borrower documentations, real estate items, and transaction figures to complete.

Some important things to know about Nationstar Equator short sales are that they generally have a 30 day rule to have a complete package and valid offer in to request a postponement of a foreclosure sale date. Depending on the investor they may even require an approval letter. Depending on who the investor on the loan is, Nationstar Equator short sales may need to reopened to the public via their online auction site. This bank is one of the larger mortgage servicers and they can be very strict on their guidelines.

If you have any questions about anything short sale related or if you are running any challenges, please fill out the form below for immediate assistance.