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Chase Bank

Posted by Bryan Rockwell on December 9, 2010 at 2:18pm in Short Sale Discussions

Just listed a Chase bank short pay with 1st and heloc 2nd--he did take $$ out on 2nd for personal use.... The 3rd party auth.  fax #'s listed in this site are different than Chase provide me? go figure. Anu help on this one?

 

Bryan.

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  • Ray Snook December 11, 2010 at 7:50am

    I have had great success with faxing package to 866-220-4130. Authority send to 877-383-1563. For the prescreening of your package before assignment to negotiator I use 866-233-5320. At that number they tell you to send package to the 866-220-4130 fax and they usually give you their direct extension number until the package is forwarded to negotiator. Hope this helps!

    Bryan Rockwell said:

    Hi Wendy,

     

    thanks. Yes I'm aware of 1st and 2nd separate negotiations. The 3rd party FAX auth. #'s they gave are: 1stTD:  904-462-1926--this one is always busy. and: 866-220-4130. The 2nd TD auth FAX#:  866-282-5682.

     

    Additioanlly, when the seller agreed to list the property I made sure he understood that the HELOC 2nd that he took out for personal use is a recourse loan in Calif. and that the lender will problably come after him for a deficiency on loss. If that happens he is going to file BK he told me. I told him to check with his CPA.  A sharp tax person here that I use is telling me that I should have seller fill out an " insolvency work sheet form" and submit that to 2nd TD negotiator to try and convince them about releasing in full. ANY THOUGHTS on this.

     

    Bryan.

    Wendy Rulnick said:

    Chase has more departments and numbers than any other servicer. Post, and I will add to the site. Remember, first and second Chase may have to be negotiated separately. Thank you, Bryan!
  • Bryan Rockwell December 9, 2010 at 2:42pm

    Hi Wendy,

     

    thanks. Yes I'm aware of 1st and 2nd separate negotiations. The 3rd party FAX auth. #'s they gave are: 1stTD:  904-462-1926--this one is always busy. and: 866-220-4130. The 2nd TD auth FAX#:  866-282-5682.

     

    Additioanlly, when the seller agreed to list the property I made sure he understood that the HELOC 2nd that he took out for personal use is a recourse loan in Calif. and that the lender will problably come after him for a deficiency on loss. If that happens he is going to file BK he told me. I told him to check with his CPA.  A sharp tax person here that I use is telling me that I should have seller fill out an " insolvency work sheet form" and submit that to 2nd TD negotiator to try and convince them about releasing in full. ANY THOUGHTS on this.

     

    Bryan.

    Wendy Rulnick said:

    Chase has more departments and numbers than any other servicer. Post, and I will add to the site. Remember, first and second Chase may have to be negotiated separately. Thank you, Bryan!
  • Wendy Rulnick December 9, 2010 at 2:28pm
    Chase has more departments and numbers than any other servicer. Post, and I will add to the site. Remember, first and second Chase may have to be negotiated separately. Thank you, Bryan!
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