West Sacramento Short Sale Information – Chase Freddie Mac Short Sale Escalations

West Sacramento Short Sale Specialist, Default Advocate, Distressed Property Expert and West Sacramento Short Sale Agent Mike Rigley here bringing you the latest West Sacramento Short Sale Information. Thank you for joining us. Today let’s talk about our recent Chase Short Sale where Freddie Mac was the investor.

Chase recently switched to the Equator system for managing their Short Sales and the general consensus among West Sacramento Short Sale Specialists is it was not the best of moves for them. We recently received approval on one of our Chase Short Sales where Freddie Mac was the investor seventy five days after having submitted the Chase Short Sale package but in our mind that is nothing to brag about.

We took on the listing after the seller had tried to get the Chase Short Sale approved for over a year with another agent.

With a foreclosure sale date looming in the not so distant future we received an offer quickly and processed the Chase Short Sale package in record time and here is where we started running into problems.

For whatever reason we were bounced around from one Chase Short Sale representative to another. Because we follow up our files twice a week every week we knew we were getting the run a round. We escalated the file to the Chase Executive office and got the file back on track. After not more than a week after the escalation our Chase Short Sale negotiator told us the file was being denied because of the pending foreclosure sale date. Now never mind it was the Chase Short Sale department who delayed the file to that point they were still declining the file.

Ok now I’m pissed. Much like a manipulative child if you don’t like the answer mom gives you, go ask dad and that’s exactly what we did. We escalated the file directly to Freddie Mac. Because our notes are detailed we were able to line by line, date by date and name by name detail the chain of events on this file to Freddie Mac why this Chase Short Sale should not only be re-opened but approved.

Evidently Freddie Mac agreed because not only did we get the foreclosure sale date postponed, the Chase Short Sale department issued us our approval letter, they waived their right to seek a deficiency and gave the sellers $3,000 for relocation assistance. How great is that? The Sellers walk away from over $400,000 in debt with no liability, avoid the foreclosure and get a fresh start financially. Who doesn’t love a happy ending

Is a West Sacramento Short Sale right for me ?

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did.