West Sacramento Short Sale Information – Chase Short Sale Process Improvements

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.

Chase Short Sale Process Improvements. As recently reported in the KMC Blog, in an attempt to improve the Chase Short Sale process, Chase recently announced improvements to their process.

One of those improvements is you can now submit for a Chase Short Sale before you have an offer. The caveat is you must have one or more of the following financial hardships:

1. Loss of employment
2. Business Failure
3. Damage to the property (could have been under insured)
4. Death of a Spouse or wage earner
5. Death of a non-wage earner. For example, a family member who was watching the seller’s children and now the seller has to pay to put the children in child care; or they were a financial contributor even though they weren’t on mortgage.
6. Severe illness
7. Inheritance (inherited an underwater property, cannot pay taxes etc…)
8. Relocation
9. Divorce
10. Military Service
11. Payment increase or mortgage adjustment
12. Insurance or tax increase
13. Legal separation
14. Too much debt vs. income
15. Incarceration

In addition, you must be able to fully document the hardship. Initiating the Chase Short Sale before an offer is submitted allows Chase to get a head start on the Chase Short Sale with the hopes of a quicker decision. Typical timelines for Chase serviced / investor owned loans are:

• FHA backed mortgage 45-60 days from receipt of complete offer
• Fannie-Freddie backed 60 days
• USDA 60-75 days
• VA 60-75 days
• Portfolio owned 45-60 days

Got a Chase loan? Give me a call to discuss your options. We also offer a short sale lease back program for those who qualify allowing you to short sale and stay in your home. Call me for details.

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.