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California Hazard and Tax Disclosures - CHASE

Posted by Thom Colby CA Brkr 888-391-5245 on July 21, 2011 at 1:19pm in Short Sale Discussions

Question about CA Hazard Disclosure Reports.... 

Does anyone know about Chase limiting the amount they will pay for NHD / TAX & EHD reports to $79.95 total ?  Are they also forcing the agent to absorb the difference??

 

The question is regarding both REO and Short Sale transactions.

 

Thanks Superstars !


Thom Colby

Broker

Newport Beach CA

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Replies

  • Thom Colby CA Brkr 888-391-5245 July 22, 2011 at 4:23am
    LOL -  Exactly !!!
  • Kimberley Kelly July 22, 2011 at 3:39am
    Good decision Thom.  I have not run into this, but I have to say that my Short Sales with Chase ALWAYS come down to a few bucks.  Their BPO's are too high, they are completely out of the Short Sale Valuation loop.  That would mean to me that they might go this route because they cannot seem to get prices right, and continue to eat up money by letting homes sit too long.  My ONLY refused file in the past 36 months was with CHASE.  No rhyme or reason..just a crappy negotiator who would not hear reason.  Anyway..that home is STILL sitting vacant..good move Chase!  Nothing surprises me with that Lender. 
  • Thom Colby CA Brkr 888-391-5245 July 21, 2011 at 5:56pm

    LOL - just wondering if anyone else has heard about it - I also heard they (Chase) has a link to FANHD they want agents to use.  Now, are they directing the NHD company as well as the price ???

     

    I'll keep ordering from GeoAssurance, even if I have to pay for it myself.  They are very comprehensive and provide maps of high pressure pipelines and oil wells to the parcel level - not just "within a mile or two".

     

    Best,

    Thom

     

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