Has anyone had any experience with Chase pre-approving a HAFA Short Sale with a listing price? I have a Buyer interested in a property where the agent says it's a pre-approved HAFA Short Sale, and she was given the listing price by the bank.
My experience with Chase is that they don't pre-approve anything, particularly listing prices.
Tags:
Yes, but it is not working many times..the List Price I got was approx $100,000 over what it can sell for. I submitted an offer anyway, got the file declined due to "this is less than our valuations". I am re-listing at their "valuations" # and will keep reducing until I get an offer (bet it's the same as the 1st one), then new appraiser and hopefully, a closer to real life valuation..
I have a Chase HAFA listing. They have pre-approved the seller, but don't set a listing price. They are doing a BPO every 60-90 days. They call me weekly, and ask if I have any offers, and if I've lowered the price LOL... You can tell the rep is not familiar with selling real estate, but reading a script. They are asking me to fax them seller bank statements and paystubs as they come in. My impression is that once I get a contract, it will go rather smoothly.
I have the same experience. Maybe it is a new thing. The last time I had dealt with Chase was on July 2010. Maybe the listing agent had a buyer at one time and he/she had it approved under the Chase HAFA program. Just my guess.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.