Replies to This Discussion

Permalink Reply by Tonia Vickery on December 27, 2011 at 10:25am

Good luck in escalating at Chase. No, they don't care....as this is their only chance to play hardball, the short sale. Is the 2nd insured because if so, they are getting theirs no matter what.....

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Permalink Reply by Steve Olson on December 27, 2011 at 10:27am

No there is no insurance. I always run in to issues with Chase but the escalator I normally use cant do anything with BK files. Any leads?

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Permalink Reply by Jason Rickards on December 27, 2011 at 11:04am

This EXACT thing is happening to me right now.  I have a first with Bank of America and they have approved $6,000 to go to Chase (in the second position).  Chase is unwilling to take anything less than $15,000.00.

 

I tried to escalate and they said that they wont budge.  I'm curious, is the guy that you are working with named Adrian?

 

I have everything dialed in ready to close except that Chase wont take anything less and Bank of America won't give more, so I'm at a stalemate and I'm afraid that after 9 months of working on this, it's a lost cause.

 

Please let me know if you are able to make any headway.

 

Thank you,

 

Jason Rickards

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Permalink Reply by Jason Rickards on December 27, 2011 at 11:05am

Steve,

Who is the escalator that you normally use?  My file isn't in BK, so maybe there is hope for me?

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Permalink Reply by Becky Martin on December 28, 2011 at 5:40pm

you must be assigned to one of their outside vendor negotiators,  I suspect they are paid commission on what they can get.  I recently had an offer countered and when the buyer walked I reported it to the negotiator,  I then got a call from Chase 2 days later asking if we could get the buyer back for the same offer....I have since received another call from Chase on a different file wanting to revisit a previously rejected offer...crazy

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Permalink Reply by Anna Chroscicki on April 9, 2012 at 7:26am

I would really like to know how it turned out. I have one with Fannie Mae  in first  and Chase in second. It is  HAFA. So Fannie Mae  is giving 6% of unpaid balance to second which is $3,500. Chase wants $6000. They ( Chase already told me that if it was not HAFA they would ask for $17,000). And I see the same situation you guys have. They seem not to care. It is " That is what we want- no discussion".   Anybody figured it out ? And one more thing. They will not give letter declining short sale. I asked several time different people. Different people, because I am already on second collection agency .I guess every few months Chase transfers files to collection ,. So I worked with Chase and with collection.

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