Chase Short Sale

Chase Short Sale Process

In many cases you have to apply for a Chase Loan Modification first but once you have at Chase the Short Sale Process is pretty standard:

1. We Have A Call With An Chase Counseler Over The Phone Which Triggers The Short Sale Application Process.
2. Chase’s Request for Mortgage Assistance Loan Paperwork Will Be Required.
3. Complete Property Valuation (Certain Investors Require Two Interior Inspections)
4. Negotiate Terms With Chase About Short Sale Fees And Costs To Be Paid Out Of The Seller’s Proceeds.
5. Lender (Chase Loan Servicer) Provides A Response To Short Sale Offer Made.

As you know if you’ve been through the process it’s never easy with Chase. Often there is some turmole or another. Repeating the same steps over and over again is typical with the India based team of short sale negotiators. It’s part of the process to know that we will have to run around from department to department at Chase Mortgage. The Loan Modifiation Department maybe needs to close it out, or the short sale department doesn’t have someone assigned to Chase Customers Service Department; Above all you need to know better when they are sending you in the wrong direction. Often clients come to us after submitting the wrong information on their application, getting denied, and not being able to figure out what happened. We can hekp you review any declines.

Chase Short Sale Timeline

When dealing with Chase Loan’s Short Sale timelines vary on some very basic and other not so basic elements. These are just a few of the hoops we jump through when dealing with a short sale.

• For one, Chase Mortgage is a servicer of mortgage notes. J.P. Morgan Chase can be found on any Chase Short Sale Applications when working with a Chase Mortgage Loan. Therefore, Chase’s mortgage division has to abide by the PSA or Pooling and Servicing Agreement that governs the loans. This contract is directly between servicer and investor. Making decisions for Chase is not always an option. The investor they are servicing the loan for, in cases they are not delegated (non-delegated) which means Chase has to request permission, calls the shots. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from many servicers. As always the greater the number of hands in the put the more layers of burueacracy you’re going to deal with.
• Additionally, what affects the timeline of the short sale is  whether or not your Chase Loan has a sale date. Chase Mortgage is tough when it comes to homes in foreclosure and stopping the sale date for an Chase Short Sale to be completed. If you can get a value completed often your chances improve your getting bumped up in the process. Chase Loan Servicing has homes being sold at auction every day. Sale dates even for the coming week are not working with ugency. Remember this business is a first come first serve but it is also influenced by foreclosure status and proximity to the sale date.
• Finally, not all negotiators are good negotiators. This goes for both sides. Often miscomunication In the banking world can lead to certain failure. People become very specialized in this niche of representing homeowners infront of Chase Home Mortgage  in these financial application processes to find mortgage assistance. Often you will be put though the multiple levels of management including approval from an investor as mentioned above depending on what their total losses are.

Chase Short Sale Timeline Conclusion: Your Chase Short Sale Timeline will vary based on many different factors. Decisions can be made in house will clearly be quicker than those that have to be sent out for appoval., what the value comes back at from the appraisal completed by Chase’s Short Sale Department compared to what the offer is that is being made to them, how fast Chase’s Loss Mitigation department received the Chase Short Sale Application documents are received (readble) and other factors will come together to effect how long it will take for your Chase Short Sale to be Approved.

How To Fix An Chase Short Sale Decline?

Often dealing with Chase Mortgage and how they deal with short sale buyers offers being declined may be confusing. Often they will not be clear not only as to why but if there is anything that can be done to fix it.  Here at ACG we review dozens of points in order to understand why your Chase short sale offer was rejected. Have us review your declined short sale for free by calling us at 888-934-3444.

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