Chase Short Sale Incentive

My client was just offered $25K from Chase if she does the short sale. However, my client has a $70K second lien also with Chase. Does that mean at the time of the close most of the money can be taken by the 2^nd lien in order to satisfy? Has anyone done this cash incentive when theirs two loans? HELP PLEASE!!

0 members like this

▶ Reply to This

Replies to This Discussion

Permalink Reply by Joseph Alfe on January 25, 2012 at 7:46pm

Chase only gives those incentives when they own the loans, so most likely you will get a dual approval letter settling first and second along with the incentive.

▶ Reply

Permalink Reply by Bernetta Wess on February 5, 2012 at 9:14am

Thak you Joseph. Does anyone know why Chase is offering this incentive on certain loans?

▶ Reply

RSS

Welcome to
Short Sale Superstars

Sign Up
or Sign In

Or sign in with:

Members

View All

Badges | Report an Issue | Terms of Service

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.