Admin

Chase offers qualifying distressed homeowners up to $30,000 for going the short-sale route.

By
Real Estate Agent with REMAX Gold Coast Realtors Oxnard

Really?  Chase offers qualifying distressed homeowners up to $30,000.00 for going the short-sale route?  I read about it online.  As a Real Estate Professional I was intrigued by this because I know there are a lot of distressed homeowners who would like to know what the qualifications are for this short-sale incentive.  Imagine being able to use this in a conversation with my clients, Mr. and Mrs. Homeowner:

Me: “Hello Mr. and Mrs. Distressed Homeowner with a Chase loan, you might qualify for a program being offered by your lender, Chase, who is offering up to $30,000.00 for going the short-sale route.

Client:  Up to $30,000.00, this is a miracle!  They’re actually going to help me by giving me money to do a short sale?  How much money are we eligible for?

Me:  Well, you have to qualify for the program first?

Client:  What do we do to qualify? 

Me:  Well, it says you have to be a qualified distressed homeowner first.short sale house

Client:  We are.  How much do we qualify for?

Me:  Well, it says they offer up to $30,000.00

Client:  How much of that do we qualify for?

Me:  Well, it says they will contact you if you qualify for this program.

Client:  We haven’t heard from them. 

Me:  Well, don’t hold your breath, I can’t find anything about it on their website.  Let me see what else I can find out and I’ll get back to you.

Is any body else intrigued by the Chase offer to qualifying distressed homeowners for up to $30,000.00 for going the short-sale route?  Does anybody have more information about it? What are the qualification guidelines?  Where is the money coming from?  Why isn't there more information about it?

 

 

 

Posted by

If you are a buyer, seller or investor looking for a committed Oxnard Real Estate Agent who values your time and your money, contact me today to become one of my "preferred" clients.

Constina M. Baylor  google icon facebook icon  twitter icon  linkedin icon

Here is a sample of some Oxnard Homes for sale.

sparqcode

Oxnard Marina Homes

North Oxnard Homes

 

   

(805) 216-7032

Check out my website at:

www.OxnardHomes.net

 

Show All Comments Sort:
Bob Davis
Right Move Real Estate - Huntington Beach, CA

I went to a chase networking function to meet with chase managers that work at various levels in their real estate and mortgage departments. They said there will be no info about it on the website ever. Its something that agents need to ask for from chase but that it is possible chase will pay money for people to short sale and leave the home in good condition. This seem like a solid strategies to me. I think chase just wants to get these homes off the books and sees it as the quickest way possible.

Dec 18, 2011 03:00 AM
Constina M. Baylor
REMAX Gold Coast Realtors Oxnard - Oxnard, CA
Broker Associate - Oxnard Homes, Oxnard Beach and Marina

Thank you, Bob...I figured that Chase had this information kept under lock and key but MSN really blue their cover now.

Dec 18, 2011 03:04 AM
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

I heard the same thing as Bob did from some local agents who have done shorts with Chase.  You just have to talk to them, I thinkk.  Have a great new year!

Jan 01, 2012 10:00 AM
Erna Neal
The Viking Team, Realty - Winter Park, FL
A Knowledgable Central Florida Realtor

Constina, thank you for stopping by my blog. This is good information to know. I've never heard about this offer from Chase, but you are right if they were going to keep this a secret, MSN blew their cover.

Jan 03, 2012 04:09 AM
Constina M. Baylor
REMAX Gold Coast Realtors Oxnard - Oxnard, CA
Broker Associate - Oxnard Homes, Oxnard Beach and Marina

Erna, hope this information will help one of my clients.  Thanks for stopping by here, too.

Jan 04, 2012 05:19 PM
C. Lloyd McKenzie
Living Albuquerque - Albuquerque, NM
Living Albuquerque

Good Morning Constina:

Thanks for providing this very valuable information for homeowners.  Very interesting move by Chase.  Just remember they are in the business making money

Jan 09, 2012 07:36 PM
Constina M. Baylor
REMAX Gold Coast Realtors Oxnard - Oxnard, CA
Broker Associate - Oxnard Homes, Oxnard Beach and Marina

C. Lloyd, you're welcome. 

Jan 10, 2012 04:25 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Constina, never heard of it and perhaps others haven't. I am suggesting to get the word out

Jan 10, 2012 05:01 PM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

I had heard about it before, I think on a blog in AR. I'll have to research it a bit more. But, it is intriguing. Thanks for discussing an issue that could help distressed homeowners. ( And, by the way, great to meet you Constina)

Jan 11, 2012 04:46 AM
Constina M. Baylor
REMAX Gold Coast Realtors Oxnard - Oxnard, CA
Broker Associate - Oxnard Homes, Oxnard Beach and Marina

Rebecca, I learned that the Chase incentive program is investor dependent and that the negotiator should know if the home will qualify.   I got this information online, at http://www.shortsaleexpeditor.com/short-sale-tips/chase-bank-takes-it-up-a-notch-30k-short-sale-incentive/.  Debb, you're welcome and it's great to meet you, too.

Jan 12, 2012 01:44 AM
Marge Piwowarski
Phoenix AZ Horse Property - Phoenix, AZ
Phoenix AZ Horse Property, LLC

Chase.  Chase someone who knows something.  Chase someone who will help you.  Chase info used for advertising but never in the real world.  Chase.  Might as well chase our own tails.

Jan 19, 2012 05:30 AM
Constina M. Baylor
REMAX Gold Coast Realtors Oxnard - Oxnard, CA
Broker Associate - Oxnard Homes, Oxnard Beach and Marina

Marge, that's too funny!  Hopefully this program will allow  some home owners to Chase their way to the pot of gold at the end of the rainbow.

Jan 19, 2012 05:02 PM