Roseville Short Sale Specialist closes another short sale- Seller gets 30K at closing. Kathy Dyer, a Roseville Short Sale Specialist closed another Chase Short Sale. Approval came fast within 31 days of listing the property. We closed 30 days later making this a 61 day close from list date. Normal short sale approval time lines can be anywhere from 60-90 days and longer.
The home owners had 1 loan with Chase Bank and again, Chase performed flawlessly and professionally during the full short sale transaction period.
Being that the property was an investment and the homeowners did have a proven hardship, a full release of the loan was negotiated along without any deficiencies owed or promissory note required for the approval of the short sale. The homeowners qualified for Chase’s cash incentive of $30,000 that they received at closing.
As part of the marketing strategy for this particular property, an open house was planned for the first weekend and flyers were passed out to the neighborhood to create excitement. This Roseville home was unique and a good price was needed to insure the buyer’s purchase price would meet the banks valuation. The home was unique with over 100k in upgrades and very hard to comp since there were no other homes like this property.
After marketing the home to over 100 websites, it was not surprising that people were lining up at the door to get in! By evening time, multiple offers were coming in. The buyer got a wonderful home in great condition for a great price.
Chase Short Sales are usually very fast to approve and go smoothly as long as you can get a buyer to wait out the approval period. It is customary to request that the buyer commit to a 90 day waiting period and ask them deposit their earnest money into escrow during the approval time line. This way it keeps the buyer committed to the property. We were very pleased that this short sale went smoothly and the sellers were delighted!
If you know anyone who is having difficulty making their mortgage payment, encourage them to not give up. Seek out a short sale specialist in their area who knows how to close short sales.