CHANGES IN CHASE'S SHORT SALE PROCEDURE

CHANGES IN CHASE'S SHORT SALE PROCEDURE

I just learned that Chase has a new division, List Assist, dedicated to streamining the short sale process and answering questions from customers and realtors!!

Here are two changes, similar to the FHA short sale program:

  • In this process BPO's will be ordered up front and guidance provided on the sale price!
  • DO NOT WAIT FOR THE BUYER. Submit a complete short sale request prior to or at the time of the listing!

CHASE'S SHORT SALE WEBSITE

Having just lost a full price Buyer, on a short sale with Chase, because of lack of communication and no BPO ordered in over three months, I wonder is this working?

CHANGES IN CHASE'S SHORT SALE PROCEDURE

I am Margaret C.Taylor and I am certified with the SFR, Short Sale and Foreclosure Resource Certification, and e-PRO® from the National Association of Realtors and CDRS, Certified Default Resolution Specialist Certification, from America's Home Rescue.

I am a Century 21 New Millennium Real Estate Agent, St Mary's County, MD 301 884 5419

Serving: Lexington Park, Great Mills, California, Hollywood, Leonardtown, Mechanicsville, Charlotte Hall, Piney Point, Valley Lee, Callaway, PAX River, also Calvert and Charles County.

This blog is for informational purposes only and is not intended as legal or tax advice. An Attorney, CPA or other specialist should be consulted for specific needs.

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Comment by Paola Martinsen on November 26, 2012 at 8:06am

Hello! Does anybody know the current amount that HAFA allows towards a second mortgage?

Comment by Margaret C. Taylor on May 3, 2010 at 11:32am
Hi Greg, I understand what you are saying. In reviewing their site I see the terms Short Sale and "Short" Sale!! I hope all transactions will be come "Short". I apologize for any confusion and will pursue clarification. Thanks again. Margaret C.
Comment by Greg Zajdel on May 3, 2010 at 10:12am
This is only for HAFA program.;(
Comment by Wendy Rulnick on May 1, 2010 at 12:20pm
Great info, Margaret!

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