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 2nd lien in order to satisfy? Has anyone done this cash incentive when theirs two loans? HELP PLEASE!!
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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.
Thak you Joseph. Does anyone know why Chase is offering this incentive on certain loans?