Chase Short Sale Information

Consider yourself lucky if you have a Chase mortgage and you need to complete a Short Sale in Jacksonville Florida.

Chase has long been one of the slowest banks to work with in Short Sales, however they have recently started to turn the ship.  They now are attempting to get ahead of the potential short sale.

Recent Chase Activity: On every listing we have that has a Chase mortgage, Chase has reached out to us first.  They are analyzing the list price vs. the mortgaged amount and the internal red flag goes up.  Once they have identified a potential for short sale, they are calling us!

This is major proactive bank activity!

Need to complete a Short Sale and have a Chase mortgage?  Contact a professional Short Sale real estate team to get the process started.

If you have a Chase loan and need to short sale, Chase will:

  1. Allow you to fill out all financial information and submit before an offer on your home has been made.
  2. Complete a BPO (brokers price opinion) before an offer is us a value range that the bank will accept.  This is big in the Short Sale real estate market.

The fact that they are being proactive tells me they are trying to improve their processes.  Further evidence that banks are getting real about today's real estate market.

Chase Short Sale FAQs

Posted by Brad Officer on
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