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Chase Mortgage Short Sale Application, Forms And Packages

Short Sale Package PDF

Take the first step to getting started on your short sale. Download Forms Here.

Next Steps

Find out what’s next. Make sure you cross every ‘T’ and dot every ‘I’.  No Mistakes!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

Get Chase Mortgage Froms

Take the first step to getting started on your short sale. Download Forms Here.

Next Steps

Find out what’s next. Make sure you cross every ‘T’ and dot every ‘I’.  No Mistakes!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

Are You Still Dealing With Chase Home Mortgage By Yourself?!

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Ocwen RMA Loan Modification Package Forms

Limited Time Offer Coupon!

FREE  Custom Chase Strategy Session With An Chase Experienced Team Member.

Ocwen RMA Loan Modification Package Forms

Limited Time Offer Coupon!

FREE  Custom Chase Strategy Session With An Chase Experienced Team Member.

Step 1: Chase Mortgage Short Sale Experts

Find out why no one knows more than we do.

Finding The Right Short Sale Agent

Finding The Right Agent

There are a very few professionals who know how to deal with short sale properly even as short sale is commonly occuring event. There should be as less surprises as possible. We have a Nationwide spread team of professionals to serve you if you have not yet figured out where to turn to. Click here to request a call from a short sale pro or call 888-934-3444. 

Get The Short Sale Listing On The Market

Get The Property Listed!

The other thing you have to do to keep your short sale process going is to get your property listed. The lender will expect from you to always work with an agent to et your property listed so that your property gets a fair review. It will not be possible for you to just bring up an offer to them. Some Documents such as the MLS Listing and MLS History may have to be submitted to prove that the property was properly listed. You can not take your process of short sale any further untill you have completed this process and the first of the documents that you will need for the process to go forward will be the listing agreement.

Pro Tip: Many lenders will require you to list for a minimum of 5 days and a weekend before accepting an offer.

NOTE: There may come some situations where Chase may prequalify you for the short sale. They may even tell you to how much to list the home as. Know that all of this is misleading because when you get an offer they will still need to do a full and standard short sale review.

Step 2: The Short Sale Offer

Making an offer on a Chase Home Mortgage Short Sale is more than just a number!

Real Estate Short Sale Definition

What is a short sale?

If an offer on the property is ot enough to pay off all the debts on a property then the sale is known as a short sale. Reviewing of your application for short sale is not possible without an offer. The other thing that they will need to consider is that how much net amount you will make them after all the closing costs have been paid. Past due taxes, non-recurring closing costs, attorney fees, settlement fees, title fees, and anything else that may apply are all included in it.

Best Short Sale Buyer

Find The Right Buyer For Your Short Sale

Strong Short Sale Buyers

Readiness to wait is the most important quality a potential buyer should have. A buyer who is patient and ready to wait os much better as compared to an all cash buyer or even whose offer is more than the others. To make sure the offer is solid the broker will need to interview the candidates. Only the buyer is not important but the broker representing is also very important.

Previously Approved Short Sales

Previously Approved Chase Short Sale

Brikers are often seen advertising that their short sale was previously approved by Chase Home Mortgage. This is misleading. Even if their offer was approved by Chase Home Mortgage still, they will complete a complete review.

Pro Tip: Lenders can only review one offer at a time. The process can be hard and have a lot of hoops to jump through. Make sure you choose the one most likely to close. The highest offer is not always the best offer.

Step 3: Submit Chase Mortgage Short Sale Package

Thoroughly review your documents. The wrong information can hurt you!

Chase Short Sale Submittal

Submiting Your Short Sale Package to Chase To Get The Process Going.

What is in the Chase Mortgage Short Sale Package?

All the lenders insluding Chase Mortgage generally ask for the same documents. Following Documents are usually required: a listing agreement, a purchase agreement, proof of the buyer’s ability to perform such as proof of funds or a prequalification letter from the buyer’s lender. That’s only the beginning. As a short sale seller it will be a requirement from you to submit your financial information such as a monthly budget, your tax returns for the last two years along with a 4506t to show the returns were actually filed, pay stubs or proof of income like a profit and loss, bank statements, reason for requiring to do a short sale, and a hardship letter.

Pro Tip: In most cases working with a skilled team such as ours should be able to pick out the items that will most likely be asked of by your lender. If your lender has to request items it’s likely they passed over your short sale when it could have been reviewed.

Step 4: Chase Mortgage Short Sale Broker's Price Opinion (BPO) or Appraisal

 

Chase Short Sale Value

Getting The Right Value Goes A Long Way.

Completing a value is the only way by which a lender can know whether you qualify for the short sale or not. A value is completed by an agent by comparing camparables in the area. The properties which have been sold between 3 to 6 months as well as the properties which are currently listed in the area are compared by the agent. Many conditions like home’s perceived condition, the size of the living space, the size of the lot, how many stories it has and whether or not it has a pool are considered by the agent. Market conditions and how fast homes are selling in the area are taken into consideration. There are many factors that are taken into consideration.

Chase Short Sale Appraisal

Short Sale Appraisal Values

The lender obtains a Brokers Price Opinion (BPO) from an agent, The reason why the lender gets this is because he is already taking a loss. If the lender wants to get a deeper review they will get an appraiser. Appraisers have specific licenses for valuing properties. Some investors such as Fannie Mae (FNMA) complete two appraisals. The type of value completed varies from lender to lender and investor to investor.

Chase Value Disputes and Variances

Filing Value Disputes and Variances

Sometimes the value returns too high, Then what happens? This can happen to both the rookies and the experts. Sometimes the broker will compare those properties which have nothing in common because he/she is not from the area no matter how hard you try and meet regularly with the broker or appraiser.

Pro Tip: Short Sale Variance is an opportunity to apply for a short sale servicer such as Chase to vary from their typical practices. Often values are good from the day they are completed for 90 days; Sometimes longer.

Step 5: Finalize Short Sale Terms

 

How Long Does A Chase Short Sale Take

Chase Mortgage’s Short Sale Time Line Coming To An End.

The next step that come is one of the last ones in which the undersigned or administration will decide whether to present your case to the lender or not. Usually an auditting process occurs before presenting the file to the management and then there is a another before issuing the approval letter.

Chase Short Sale Counters

Chase Counters Short Sale

This can also prove to be hard time because this can be the time when Chase issues a counter to your application or altogether reject it. A special set of skills is required to compete with these situations which can be only achieved from experience. Easy tasks can be done by anyone but it is the difficult tasks that are hard and seperate the experts and rookies.

Step 6: Closing A Short Sale

 

Short Sale Escrow

Short Sale Escrow.

Short sale closure is very much similar to the closure of traditional or typical escrow. Once all the debt holders have given their approval, it will be possible to move forward with the escrow process. A title search should now have been completed to assure that all the parties affiliated with the property have been addressed.

Short Sale Extensions

Chase Issues Short Sale Extension

What happens if the approval letter expires and we are not able to complete the short sale process? This is a question we get all the time and there isn’t a simple answer to it. It depends on delinquency of the mortgage, whether the value they had expired, and many other details. Consult one of our professionals if you need more time to see what we are able to get approved with Chase’s Management. Results may vary greatly but the best part of our services is we only get paid if the transaction successfully closes (we are generally paid from the real estate comissions awarded to the agents involved and paid out of Chase’s net).

Pro Tip: Week one. Strike that. Within a few days of having all the approvals in line you should be able to tell whether or not this buyer is going to really perform. The right professionals apply pressure to all the parties involved to ensure the transaction gets done!

 

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How Does ACG Get Paid?

Absolute Consultant Group (ACG) is a company that deals in working with the local brokers to get the property sold. We get our income directly from Chase Home Mortgage from the escrow closing account. We get nothing if the transaction fails to close. We get our income usually from the amount that is awarded to the brokers involved in the deal. Usually the seller doesn’t has to spend a single penny for this service. Call for details 888-934-3444.

Understanding The Chase Short Sale Status

If you have already downloaded the package and seen it you must have noticed that it is a lengthy document. Chase Home Mortgage have done nothing in order to facilitate the cunsumer but ACG is here to assist you with your application for the short sale process to get mortgage assistance from your servicer.

Assistance For Chase Mortgage In America

We can become you single point of contact for all the challenges related to Chase Home Mortgage if you work with us. ACG will act as a one stop shop for all you mortgage relief services. We will work with you from start to finish to complete you short sale process with Chase Home Mortgage.

Call Us 888-934-3444 Today.

Chase Short Sale Package Breakdown

When you ask that what is Chase Mortgage Package? The first and foremost requirement from Chase will be that you will have to submit a package called Chase Request for Mortgage Assistance (RMA). It must be taken care while applying that you always submit the most recent and updated paperwork;Always consult with a professional before submitting the package. The paperwork we last found was put up on the Absolute Consultant Group (ACG) Website. ACG helps homeowners with their Chase Loan Modification and Chase Short Sale process. There are 6 Sections to the standard Chase Short Sale Package.

Need Assistance With A Chase Morgage?

 

Need Assistance With A Chase Morgage?

 

Short Sale RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Step 1  RMA- Tell Us About You – This section basically requires the Chase borrowers to put their contact information and some basic information about themselves.
  2. Step 2 Request For Mortgage Assistance Form – Help us understand your unique situation. This is Chase’s version of RMA Hardship Affidavit where you document when your hardship began and if it’s temporary or long term. If you have Federal Housing Administration (FHA) or the Rural Housing Service (RHS)and your loan is up to date or less than 30 days past due and you have a hardship that will prevent you from making your next required payment on the mortgage loan during the month that is due you should describe your hardship; This is referred to “facing imminent default”.  In this section you have to check the box that best meets your hardship. You can check a box to be review for all assistance options (loan modification, short sale, deed in lieu, and others) or you can be reviewed only for options that require you to move out.
  3. Step 3 Chase Package – Detailed Financial Information – In this section chase askes for your monthly budget. This includes knowing your gross wages and if there are any non-borrower contributors in the household. Non-borrowers are required to provide an “Authorization to obtain consumer credit report” chase form. In this section they also require you to document your household assets where you list your checking accounts and anything else you have of value. Also, this is the section where you list your monthly expenses covering everything from food to utilities to child costs.
  4. Step 4 Loan Modification Package or Short Sale Forms- If You Have Additional Properties – No matter what program you are applying for they want to know if you own any other properties and if you do this is where they want them listed along with HOA information and anything else that applies.
  5. Step 5 Mortgage Package Acknowledgement – This section covers Chase’s disclosures and details. Read this thoroughly before proceeding.
  6. Step 6 Chase Loan Modification – Here’s how to send your documents – In this section the mortgage servicing department outlines the different ways that the package can be submitted.

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Disclaimer: Using The Wrong Form May Lead To A Denial

We provide mortgage servicers mortgage assistance package, forms, and applications to for educational purposes only. This is a sample document used to obtain mortgage assistance relief workout programs with your mortgage servicer. Prior to completing the form contact your (your client's) Mortgage's servicing department OR one of our professionals at 888-934-3444 to make sure they are sending the right loan modification or short sale package. Your home loan servicer, whether dealing with a Home Loan Modification or Short Sale (mortgage settlement, short pay off or discounted payoff) RMA Package offered on this website may not be the correct package depending on your investor. By downloading this RMA (Request for Mortgage Assistance) from our website does not guarantee loan modification assistance or any other mortgage relief programs to try to avoid foreclosure through mortgage servicer, its agents, employees, affiliates or subsidiaries. Prior to the use of any documents you should consult an attorney.