Chase Bank short sale approval process has more documents for you
Chase Bank is changing their short sale approval process according to a short sale service that works on quite a few short sales with Chase Bank.
Generally, when submitting a new short sale package to Chase, you prepare your traditional stack of documents and fax it over with a cover sheet to the fax number indicated by bank personnel. Then, you call back and you hope and you pray that your fax has been received and uploaded into their system.
In the last few weeks, when calling to confirm that faxes had been received and processed, the staff at Chase is now requesting a completed Short Sale Information Packet. So, in order to continue moving your short sale along, in addition to the standard documentation, Chase now has their own short sale documents.
The rules change all the time
When processing and negotiating short sales, I see the role of the processor as a shooter always aiming at a moving target. The rules change all the time; the target moves from the east to the west and then back again. Agents negotiating short sales are required to aim and hit that target in order to get the deal closed. Well, it would be a heck of a lot easier to hit the target, if they would stop moving the darn thing!
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Source: http://www.favstocks.com/short-sale-moving-targets-i-didn%E2%80%99t-get-the-memo-did-you/2721624/
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