Chase starts to clean up their act - a CT short sale success storyPosted by Minna Reid on Tuesday, August 28th, 2012 at 9:32am.
For the first time in a long time - I finally have a good Chase short sale experience to talk about it.
I recently attended a Chase Priority Partner Real Estate Agent conference to learn about some of Chase's plans to streamline their short sale processing. I was skeptical, but am pleased to share some actual results!
When my North Haven CT homeowners were relocated to California by their employer, they were left with an upside down home and no cash to cover the loss. We listed the home and just over a month later a buyer was secured.
Unfortunately, the buyers lender was not nearly as quick as Chase and after appraisal revealed some permit issues, we had to request several extensions from Chase as the issues were addressed. Chase granted our extensions quite painlessly. 7 weeks after our short sale approval, this North Haven, CT short sale finally closed!
OWED: Single Chase portfolio loan $280,000
APPROVED AND CLOSED: $220,000 with $3,000 seller incentive paid to the homeowner
TIMEFRAME LIST TO CLOSE: 3.5 months
Minna Reid is a CT Licensed Real Estate Broker Associate with CG Real Estate, specializing in short sales, serving the Central CT including, but not limited to; Avon, Berlin, Bristol, Cheshire, Cromwell, Farmington, Glastonbury, Hamden, Meriden, Middlefield, Middletown, Newington, New Britain, North Branford, North Haven, Plainville, Portland, Prospect, Rocky Hill, Southington, Wallingford, West Hartford, Wethersfield and Wolcott.
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