I just ran across this blog from Broker Bryant. It sounds like an amazing program from Chase Home Loans.
If you receive a letter like this from your lender and need a Short Sale professional to get the job done ASAP, then Call Me!
Via Bryant Tutas-Tutas Towne Realty, Inc
Hi folks. I had a seller call me earlier this week needing a Short Sale agent ASAP!! He hasn't made payments for many months and had actually already moved out of the property expecting to be foreclosed on any day now.
Chase sent him a letter. And fortunately instead of just throwing it away thinking it was another collection attempt he opened it.
Inside was an offer from Chase that he couldn't refuse. Stay in the house, maintain it, bring Chase a contract at FMV (fair market value) and they will approve the short sale within 10 days and give him $20,000 at closing for moving expenses!!! PLUS....a waiver of deficiency.
AND...he doesn't have to provide any financial information. No back statements. No financial statement. No tax returns. No hardship letter. Just a listing agreement, contract and a HUD. At least this is what he was told. Should be interesting to see how it plays out. Have you heard of this program?
Are you facing foreclosure in Florida?