Chase Short Sale Information

SHORT SALE WITH CHASE

Chase offers a variety of mortgage assistance programs, but if you find yourself no longer being able to afford your mortgage and owe more on your loan than what the actual value of your home is, then the short sale route would be right for you in order to avoid foreclosure and having a negative credit score. Chase offers its customers the opportunity to submit a request for consideration of a short sale. Following Chase’s Short Sale checklist will facilitate the process when communicating with the assigned short sale negotiator.

CHASE SHORT SALE PACKAGE

The documentation required for your Short Sale Package to Chase includes:

Two (2) most recent Pay Stubs
Most recent one (1) month’s complete Bank Statement
Length of service with current employer
Recent Tax Return
Proof of occupancy – recent utility bill in your name showing the property address
Non-owner occupied
- Rental income with copies of the rental agreement
- Amount of principal
- Primary residence address
Authorization to provide and release information
Completed Request for Consideration of Short Sale Form
Completed 4506T-EZ – Request for Individual Tax Return Transcript

Real Estate Agent to submit :

Listing Agreement
Detailed Listing History
Sales/Purchase Contract
3 Comparable Active Listing 3 Comparable Sales/Pictures of the property & neighborhood
HUD (Estimated Closing Statement)