Replies to This Discussion

Permalink Reply by Wendy Rulnick on August 7, 2009 at 9:51am

Jeff - Just the standard stuff!

Permalink Reply by Bryant Tutas on August 7, 2009 at 9:57am

Chase requires a lot of patience!!!!

Permalink Reply by Bryant Tutas on August 7, 2009 at 9:59am

They are also very specific about where to fax the Letter of Authorization(LOA) so be sure to call first and get the right fax number. Fax after hours.

Permalink Reply by Dick and Dixie Sells on September 23, 2009 at 12:39am

Just got a new authorization fax number as of yesterday
1-866-282-5682

Also Question The Chase package link seems to be more for a loan mod.
Am I correct it is now required for the short sale division as well?

Permalink Reply by Wendy Rulnick on September 23, 2009 at 1:44am

Yes, I was told that the Loan Mod package must be used for short sales, too.

Dick and Dixie Sells said:

Just got a new authorization fax number as of yesterday
1-866-282-5682

Also Question The Chase package link seems to be more for a loan mod.
Am I correct it is now required for the short sale division as well?

Permalink Reply by David Azbill on September 24, 2009 at 10:21am

Does anyone have a good negociator at Chase for a Prime loan?

Permalink Reply by Gwendolyn Harvey on January 9, 2010 at 10:06am

I just listed a short sale and Chase is the lender. Do I still need to use the Loan Mod packet and have my Seller complete all forms?

Permalink Reply by Gwendolyn Harvey on January 12, 2010 at 2:20pm

I spoke with Chase short sale department and they told me not to get the short sale package mixed up with the loan mod package. I asked them if I need the Homeowner Information package that you can download on their website, which says for you to use for both the short sale and loan mod and they said no. Which is it?

Wendy Rulnick said:

Yes, I was told that the Loan Mod package must be used for short sales, too.

Dick and Dixie Sells said:

Just got a new authorization fax number as of yesterday
1-866-282-5682

Also Question The Chase package link seems to be more for a loan mod.
Am I correct it is now required for the short sale division as well?

Permalink Reply by Gwendolyn Harvey on January 12, 2010 at 2:23pm

I was told by the short sale department yesterday to send the authorization letter form to 866 220-4130.

Gwendolyn Harvey said:

I spoke with Chase short sale department and they told me not to get the short sale package mixed up with the loan mod package. I asked them if I need the Homeowner Information package that you can download on their website, which says for you to use for both the short sale and loan mod and they said no. Which is it?

Wendy Rulnick said:

Yes, I was told that the Loan Mod package must be used for short sales, too.

Dick and Dixie Sells said:

Just got a new authorization fax number as of yesterday
1-866-282-5682

Also Question The Chase package link seems to be more for a loan mod.
Am I correct it is now required for the short sale division as well?

Permalink Reply by Jeffrey Smith on January 20, 2010 at 4:07am

Hi Jeff-
I haven't found they need anything unusual except that I have a case where the LM asks me for updated stuff, "reviews" it for 30 days and then asks for updated stuff again "Current within the last 30 days" I try to be nice about it but Has anyone had this experience with Chase, or more specifically the LM Crystal Lockridge?

Permalink Reply by Tracy Howard on January 25, 2010 at 4:19pm

Hi, Jeffrey,
Nope, the guy I have dealt with on two shorts has never asked for updates of any kind. They do updates on the BPO, of course, but that doesn't require anything from me, except to meet the BPO broker at the site. When I initially asked him what he wanted in the short sale package (it never hurts to ask), he said he wanted pictures of the property, the HUD-1, the MLS sheet, and the contract, period. So, that's what I sent him. He never requested anything further from me, and each deal was done in about 45 days, with closing in about 60. Unfortunately, he works only in Colorado. If you are by chance in Colorado, I can give you his name and number. But, I haven't had a Chase short in a while, so things may have changed by now.

Best wishes,
Tracy Howard

Jeffrey Smith said:

Hi Jeff-
I haven't found they need anything unusual except that I have a case where the LM asks me for updated stuff, "reviews" it for 30 days and then asks for updated stuff again "Current within the last 30 days" I try to be nice about it but Has anyone had this experience with Chase, or more specifically the LM Crystal Lockridge?

Permalink Reply by Cindy Greenya on January 26, 2010 at 9:19am

Yes, I agree Chase does require LOTS of patience and persistence. the last short sale that I closed with them probably would have not gotten done if the seller weren't regularly on the phone with the bank.

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