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Chase Short Sale Incentive

Posted by Bernetta Wess on January 25, 2012 at 3:58pm in Short Sale Discussions

 

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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Replies

  • Joseph Alfe 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.

    • Bernetta Wess > Joseph Alfe February 5, 2012 at 9:14am

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

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