Chase Short Sale Addendum

Chase is requiring a short sale addendum but they do not have a standard form. What are you using for the this addendum? I'm not sure what verbiage they require.

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Permalink Reply by Jan Sanderlin on November 11, 2013 at 7:55am

What state are you in?? Most States have a State Disclosure in their contracts that details the parameters. In Cslifornia it is an SSA, Short Sale Addendum.

Permalink Reply by Melissa Trimarche on November 11, 2013 at 8:10am

Yes we used the CAR form SSA used in California. Chase has also requested form BIA which is a Buyer Inspection Advisory, which is new. Not sure its a requirement tho on all files.

Permalink Reply by Jan Sanderlin on November 11, 2013 at 8:34am

Interesting...It is usually part of the contract..So it would appear that the negotiator has some knowledge...there is the BIA-A and the BIA-B, which goes wtih the BRNN...The BIA is automactically included in the doc requirements for the puchase agreement. How about resubmitting the SSA again??? Do you use the SSIA???

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