Lenders have finally embraced short sales and 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.
Naples, FL (PRWEB) June 1, 2010 -- Broker Robin Speronis, founder of Luxury Lifestyle Homes, www.LuxuryLifeStyleHomes.com, which has quickly established itself as a leading luxury real estate expert and insider, has earned the Equator Short Sale Agent Certification. Lenders are allowing more borrows 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.
â€œLenders are now favoring short sale transactions over foreclosures. There are presently two short sale listings for every bank owned listingâ€, says broker Robin Speronis, founder of Luxury Lifestyle Homes. â€œAt the beginning of the housing crash, most of the short sales being processed were the lower priced homes. Today, in Southwest Florida the tide has turned and the higher priced homes now dominate the short sale market.â€
A qualified agent may now initiate short sales directly from the Equator system. Short sale agent certification through Equator offers training for this new short sale solution. Short sale certification is based on Equatorâ€™s industry best practices to close a short sale quickly.
For more information on Luxury Lifestyle Homes or to chat with broker Robin Speronis please visit www.LuxuryLifeStyleHomes.com. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â