Two Loan for Chase payoff one and Short Sale the other

My client has two loans with CHASE. She needs to pay off the frist loan because someone cosigned for her on that one. However she needs to short sale on the second one that is a small amount and it's in her name.

For your experience, Do you think Chase would take the first loan if it's satisified and then short sale the other loan.

I would love to get your feednack on this..

Thank you in advance.

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Replies to This Discussion

Permalink Reply by Wendy Smith on August 19, 2010 at 1:48pm

yes. start with the second loan. it will make a difference if it's a HELOC - you might find it easier to work if it's a HELOC. short answer is yes, this is very do-able.

Permalink Reply by Kent Dills on August 19, 2010 at 3:05pm

Donna, I agree with Wendy that this is very doable. You don't even have to work the short sale through the 1st since it will be a full payoff. Just start working with the second!

Permalink Reply by Donna Paul on August 20, 2010 at 7:33am

Thanks for the feedback on this.. I'll make sure to work the second one first....

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