Chase Short Sale Outreach Program is Real!
Lately, I have been hearing a lot about an incentive that Chase Bank is offering to homeowners to sell their home as a Short Sale. Some people are saying it's up to 30,000, some are saying it's up to 25,000, and I was not sure if the Chase Short Sale incentive was a rumor or that it was actually being offered to homeowners -- a little too good to be true.
I am here to say that it is true!...I was talking to a Chase representative this week regarding one of my short sale clients, my client was offered a $10,000 incentive that the client will receive once the short sale is completed. I was very happy for the client -- so happy that I almost ended the conversation with the representative without getting the information about the short sale program. But I held it together and got a few details.
The name of the program is -- Chase Short Sale Outreach Program
It's a program designed to help motivate homeowners in an effort to prevent foreclosure.
It's is on loans where Chase is the investor.
Not sure if there is a maximum incentive amount.
Since the program is so new, this is all the information the representative could give me. I am sure we'll be hearing about it more in the near future. My opinion -- I think the short sale incentive is a great way to help homeowners start fresh and get back on their feet. So far my experience in dealing with Chase has been nothing but positive -- they are the most helpful in reaching out and getting the short sale closed.