Chase 
All about CT short sales with Chase.
There are currently 3 blog entries related to this category.
CT Chase short sale success – Fannie Mae owned loan with no default required!
Friday, March 9th, 2012 at 8:31am. 174 Views, 0 Comments.
I’ve been hearing a lot lately about Fannie Mae forcing customers to go into default in order to approve their short sales, so I knew we’d be up for a rough road with this client. While most of my clients are behind in payments by the time they call me, this CT home seller had reasonable income, heavy liquid assets, great credit and intended to not miss any payments in order to preserve her excellent credit.
Any condo in Connecticut is a tough sell right now as condo financing options here have really crumbled. However, after 2 months on market a buyer was secured for the condo. Chase’s (the servicer on this Fannie Mae loan) short sale processing has really eroded over the last few years, and gets more difficult and time consuming all the time.…
The little short sale that could…a Chase short sale success tale.
Tuesday, November 29th, 2011 at 1:53pm. 151 Views, 0 Comments.
This Coventry, Connecticut homeowner originally called me after a long drawn out attempt at a loan modification proved unsuccessful. He had read great things about HAFA and wanted to pursue that as his next option.
I’ve seen many try and fail at HAFA and consider the program generally a waste of everyone’s time, but since my client really wanted to try anyway we thought we’d give it a shot. After the attempt at HAFA miserably failed and we had wasted a few months in the process, my client opted out of HAFA and we swapped over into a traditional Chase short sale.
We soon secured a new buyer and our problems with Chase continued. Chase’s next two property evaluations came in way too high, and Chase countered with a ridiculous…
A Connecticut Chase Short Sale - Approved and Closed!
Monday, November 28th, 2011 at 9:03am. 81 Views, 0 Comments.
A Connecticut Chase Short Sale - Approved and Closed!
Owed - $310,000
2 Chase loans = 1st and a HELOC
CLOSED: $190,000. FULL SETTLEMENT, NO PROMISSORY NOTE OR CASH CONTRIBUTION.
This Chase short sale was slightly troublesome, but overall, a middle of the road short sale. The property went on market in October of 2009. After a few price reductions a buyer was secured in early November.
Although I did once have a 3 week short sale approval with Chase...this one ran about 2 months, which I would say is about average for Chase. A few weeks were lost when Chase lost their interior BPO and had to find it....but I have to say Chase's negotiators are efficient, friendly and mostly responsive.
We got approval late January to close through…