Do you own a home and your lender is Chase?
Good news Chase Home Finance is making the short sale process much easier and quicker for homeowners who choose to sell their home through the short sale process. Chase is now offering homeowners who live in their home as a primary residence cash at closing to help make your move easier ” Certain Restrictions Apply“.
How do you go about selling your home by way of a short sale?
The first step is to contact a local real estate professional to list your home on the local MLS system and complete all paperwork required by Chase to get the process started. Make sure you provide everything that is required in the short sale package that Chase is requiring in order to not delay the process. Download The Short Sale package
Who pays for the real estate commission & related closing cost?
During most short sale transactions the lender “Chase” pays for all closing costs and commissions charged by the Real Estate Company & Title Companies like ” Closing Fees, Transfer Fees, Title Searches , Real Estate Commissions”
Can I qualify even if I am current on my mortgage?
Yes, in most cases if you can prove a hardship or you will not be able to continue making the monthly mortgage payments you as the homeowner may qualify for a short sale even though you are current on all mortgage payments.
Will I get money back at closing?
Chase is currently trying a new program for primary homeowners who currently occupy their residence money at closing to sell their home. Basically instead of Chase going through the normal foreclosure process which can take years they are cutting their losses by offering homeowners cash at closing to sell their home and move out which one save Chase in the long run and it helps the current homeowners with money to find another property upon closing. While no one but Chase knows how they will calculate how much each homeowner will receive homeowners who do qualify will get a check at closing as along as Chase deems the sellers qualify for the program.
