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Chase Short sale Process and Timeline 2013
Chase short sale process and timeline  
  In an attempt to help more consumers who are facing foreclosure Chase has streamlined their short sale process to expedite the short sale process. We will cover the basics on the process and timeline in this article. Chase will let you start the short sale process prior to having an offer on your property but in order to start the process you have to show a legitimate financial hardship, meaning something has happened since you have taken out the loan that has changed your financial picture. Here are examples of what most lenders and investors accept as hardships:
Hardships to Qualify for a Short Sale:
Loss of employment Business Failure Damage to the property(could have been under insured) Death of a Spouse of wage earner Death of a non-wage earner-for example- a family member who watched the seller's children and now they have to pay to put them in child care, or they were a financial contributor even though they weren't on mortgage. Sever illness Inheritance(inherited an underwater property, cannot pay taxes etc...) Relocation Divorce Military Service  Payment increase or mortgage adjustment Insurance or tax increase Legal separation To much debt vs income Incarceration Combination ... more

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