Comment

Comment by Marcy Moyer on November 3, 2012 at 12:04pm

Short Sale Expeditor®

• c/o Broadpoint Properties | DRE #01851888
• 220 W Second Avenue | Escondido, CA 92025
• 760-839-3838 phone
• 858-345-3879 fax

Comment by Stephanie Hart CA 310-930-2342 on October 25, 2012 at 9:38am

I sent 5 packages in last week and all were uploaded within 24 hours. Good tip though.

Comment by Kevin - Greenville, SC on October 25, 2012 at 9:35am

Kathleen.

That would depend on who the Investor is and the type of Short Sale program they may be eligible for.

Comment by Robin M. Willis on October 25, 2012 at 9:33am

I have a tip on how to get Chase to accept your faxes.  Chase representatives are required to scan and upload faxes they receive from their branch offices BEFORE any others.  Therefore if you can't get them to "receive" your fax, go to your local branch and ask them to fax your package in.  They'll "receive" it in about 24 hours.

Comment by Robin M. Willis on October 25, 2012 at 9:30am

Kathleen, I have done them with BofA but not Chase yet.  Keep in mind that the HAFA requirements changed this year and homeowners no longer have to be delinquent to qualify.  They may be planning to put them through the HAFA program.HAFA Directive 2012-02.pdf

Comment by Kathleen Lordbock on October 21, 2012 at 9:23am

Chase is telling my prospective new clients that they do not have to be deficient on payments. House is underwater and they need to move for a new job. I have not done a Short Sale where the seller is not behind but I know others have.  Anyone with Chase?

Comment by Kathleen Lordbock on October 21, 2012 at 9:20am

Sharon Ellsworth- you can't help stupid or super paranoid people. You can not put more effort into a short sale than they do, move on.

Comment by ElizabethWeintraub00697006LyonRE on October 19, 2012 at 10:42am

I'm closing a Chase short sale next in which Chase offered the seller $25,000 to sell a $95,000 home. Most of the incentives I see are due an original Washington Mutual loan. In this particular escrow, the second lender disallowed the funds to the seller. So we switched to a HAFA and got Chase to keep its money, which was no easy feat in itself.

Comment by Sheyenne Schultz on October 19, 2012 at 8:52am

BELIEVE ME JEREMY   there IS NO luck of the draw on Chase giving certain homeowners monetary incentives to do a short sale....PULEEZ!!!   If ANYONE believes this....I have some oceanfront property to sell u in AZ...as the saying goes...

Does anyone here think that the reason ANY bank is offering a MONETARY INCENTIVE to certain homeowners to do a short sale....because the bank wants to be NICE ? or generous??? Come ON!!!

NO!  U r correct....only CERTAIN owners are getting these letters. and it all has to do with loan SECURITIZATION!  Yes...all those predatory loans and what CHASE/WAMU DID with these once they closed escrow... many of these were sold over and over again to private investors and securitized...over and over again...so that LEGALLY CHASE..is not the legal holder of the NOTE anymore...etc...it's a long story...but any foreclosure defense attorney can explain it to you that is in litigation with Chase!!!!

AS of this moment...did you know that CHASE has OVER 10,000 ACTIVE lawsuits against them..for this very reason???

The banks, and NOT just CHASE...are sending out letters offering monies to do a short sale to those whose loans were SOLD off left and right...

The bank knows that it is CHEAPER to offer these owners MONEY to WALK AWAY and sweep them under the rug...it's a nuisance fee or leakage fee as they call it for doing business...Because they know that MOST homeowners who are under water, can't pay their loan, can't get a loan mod, and have no equity, so if they sell they get ZERO...NOW offer up to $35,000 to a homeowner with no equity and see how HIGH he jumps!!! They know that MOST owners DON"T have the funds to SUE the bank(CHASE) over the illegal things that were done with their loans.  And these lawsuits take time...like 8 mo to a year or more...and your attorney will want a retainer fee of about $3500 to $5000 AND a monthly FEE to keep the lawsuit going like $750-$2500 per mo.. SOOOOOO most people just take the money, do the short sale, and put this to bed!

Chase is SUPER guilty of the robosigning fraud...you can google a lady named Lynn Simoniak..she blew the whistle on them with her proof and did not let up and sued them and WON 18 MILLION DOLLARS PEOPLE!!!Lynne Simoniak wins 18 million!

So in answer to your question!!! NO BANK IS offering owners monies to do a short sale to be NICE!!! And it is NOT a luck of the draw or up to chance...that's a spiel that the bank tells their lower end employees to give to short sale agents and owners asking HOW the bank determines WHO they are giving these monies too!!!!  I have tons of information on this left and right on Chase and others...

you can go on a site called Mandelman Matters and he is one of the countries FOREMOST speakers, authors, authorities on all the fraud the banks have done and has excellent referrals on foreclosure defense attorneys... in the USA, that are NOT on the TAKE, but get the job done in litigating with the banks..check it out!

 

Comment by SE Davis on October 19, 2012 at 8:27am

I closed one this past spring with Chase paying $35,000 to the homeowner at closing. I was able to track that original loan back to the $300 million WAMU predatory lending settlement that Chase had acquired through that acquistion. The homeowners loan type was the notorius pay option arm program. I do not think these cases are cherry picked at all. In my opinion each one can be tracked to current security portfolio litigation and/or consent orders with large cash judgements attached.

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