Myself and my team have closed over 30 short sales this year, but this is the first Chase has asked me to bring a cash contribution to the table in order to close the file. I know a few other banks have gone this route, but have any of you had Chase start asking for this?
It seems that they are asking for a $5000 contribution. They don't care where it comes from, but they claim they must have it to sign off on the short sale approval. It can be from the buyer, seller, or agent(s).
Any input? or Past Experiences?