Chase Short Sale Approval in 5 days!!!

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

Winter Haven Florida Pool Home

Short Sales never cease to amaze me. Just when I'm really getting fed up with how slow Chase is they give me an approval in 5 business days!!! The other Chase Short Sales I have done all took 6 months or more so this one was truly a surprise. Hopefully this is a sign of things to come.

One of the reasons this one got approved so quickly is that the Seller had been working with Chase for over a year trying get a loan mod and then trying to do a Short Sale by herself. By the time she finally listed  the property with me she already had a negotiator contact.

I listed the property and sold it the very next day. I called the negotiator and all he wanted was the contract and the HUD statement. These were sent over on July 1st and we received the written approval on July 8th!!

Property:

3 bedroom 2 bath pool home in Winter Haven Florida. Tenant occupied.

Hardship:

Loss of income

Liens:

1st with Chase for $196,500

2nd with Chase for $64,500

Details:

The property was placed on the market on June 23rd. Went pending June 25th. Short Sale was submitted on July 1 and was approved on July 8th. No seller concessions or contributions.

Chase agreed to a purchase price of $105,000 with a NET to them of $96,270 or.... 37 cents on the dolllar.

Are you facing foreclosure on your Chase mortgage? If so........

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

 

 

Posted by

 

Join Our Facebook Fan Page Check Us Out On Google+ Follow Us On Twitter

 

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

 Copyright © 2017 http://www.brokerbryant.com/ | All Rights Reserved

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Florida Polk County Winter Haven
Tags:
chase
short sale
short sale approval

Spam prevention
Show All Comments
Rainmaker
1,027,000
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

What a relief for your seller...she must think you are a magician now.  ;-)

Jul 11, 2010 08:55 AM #4
Rainmaker
135,274
Jackie Cross
Real Living All Florida Realty - Port St Lucie, FL

WOW... congrats on that sale.  I was just talking with a couple who are looking for a rental, they have a mortgage with B of A.  Their letter of approval for the short sale only took 2 months..unheard of for B of A.  I have 2 others with B of A and one was ongoing for over a year and the other is already at 5 months with still no letter of acceptance.  Go figure.

Jul 11, 2010 08:56 AM #5
Rainmaker
525,654
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Bryant, that is amazing. Let's hope it's a trend. The banks are getting more proactive with the sellers and I'm also getting more calls from sellers who advanced the short sale by themselves. I think you broke the speed record here - congrats!

Jul 11, 2010 09:15 AM #6
Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Who cares? Just run with it baby and don't look back, lol! That is amazing and congratulations! I'm sure your seller is one happy camper! :)

Jul 11, 2010 10:36 AM #7
Rainmaker
354,843
Damon Gettier
Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert - Roanoke, VA
Broker/Owner ABRM, GRI, CDPE

Wow!  That is incredible.  Congrats on your success!

Jul 11, 2010 10:39 AM #8
Rainmaker
1,010,771
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Chase just seems to keep sharpening their pencils every day.  You must be wearing them down as they saw your name on yet another contract.  That's excellent BB!

Jul 11, 2010 10:56 AM #9
Rainmaker
558,757
Maggie Dokic | Miami, FL | 305.81.HOUSE (46873)
eXp Realty LLC - Miami, FL
GREEN, CDPE, SFR, Pinecrest | Palmetto Bay |

Broker Bryant, congrats on the approval.  Both Chase and Wells surprised the heck out of me recently with super fast approvals.  I am hoping it's a sign of streamlined procedures on their end and not merely flukes.

Jul 11, 2010 11:43 AM #10
Rainmaker
2,801,411
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Hey Broker Bryant & TLW, Interesting background … the Short Sales gods were working in everyone’s favor. Great job all the way around.

Jul 11, 2010 05:06 PM #11
Rainmaker
519,075
Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Bryant ... Thanks for sharing this good news about Chase Bank approving short sale in five days.  Wow. That's great.  Even though 1st and 2nd were both with Chase, it's a surprise and possibly because they assigned one person and not a team to do the paperwork.

Jul 11, 2010 06:41 PM #12
Rainmaker
4,797,528
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Bryant, the more you do these the less sense it makes sometimes.  I'm firmly convinced that it all depends on the particular negotiator that's assigned.

Jul 12, 2010 12:28 AM #13
Rainmaker
2,189,919
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Holy cow, that's fast, BB. I thought my approval time with the Chase HAFA program was good, but you've got me beat to smithereens.

Jul 12, 2010 03:23 AM #14
Rainmaker
1,333,948
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Bryant - Wow, hopefully this is a sign of what's to come from Chase.  Congrats to you and the seller!

Jul 12, 2010 08:49 AM #15
Ambassador
2,080,319
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Bryant - you are really rocking the boat with all those short sales you are getting done!!!

Jul 12, 2010 09:50 AM #16
Rainmaker
1,142,240
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Oh yeah!! Got to love it when you get a good short sale every now and then. Of course I still have to get it closed.

Chase blew my socks off on this one!!!

Jul 12, 2010 10:19 AM #17
Rainmaker
1,519,092
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Sometimes you step in it, sometimes you get it delivered with a big red bow!

Jul 13, 2010 05:38 AM #18
Rainmaker
314,256
Carol Culkin
Reece & Nichols - Leawood, KS
Overland Park

BB - This is why I LOVE Chase, and they have also been my family's bank of choice for years. No matter what service I am seeking they are always well staffed and efficient. 

Jul 17, 2010 02:25 AM #19
Rainmaker
314,256
Carol Culkin
Reece & Nichols - Leawood, KS
Overland Park

PS ...hard to believe they have taken so long in the past but maybe they are improving ahead of any of the other institutions. 

Jul 17, 2010 02:27 AM #20
Rainmaker
185,482
Real Estate Guy in Madison, Wisconsin
Powered by: eXp Realty - Madison, WI
Real Estate Guy

We have had nothing but delays and problems.   About 3 months to get to negotiator, then one they wanted a full 33% more than our well priced offer.  and the other seller to carry a 33% note.  both now headed for foreclosure. 

Jul 20, 2010 04:26 PM #21
Anonymous
bkscbl
v1t2ZS tysmoovdnvsi
Jul 01, 2011 09:40 PM #22
Rainer
4,852
Dolores Golden DRE lic#01075537
1st Interstate Realtors - Culver City, CA
Dolores Golden

Did you have to wait weeks for Chase to send the owner a RASA form ?

i have been waiting and waiting

Jul 03, 2014 02:53 AM #23
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,142,240

Bryant Tutas

Selling Florida one home at a time
Ask me a question
*
*
*
*
Spam prevention