Chase Short Sale Outreach Program
October 4th, 2011 Categories: 1
Have you received a Short Sale Letter from Chase? Do Not Throw it out!! Call Them Immediately and then Call Me!916-316-3810
Forth Hoyt; Folsom, El Dorado Hills, and Surrounding Area CDPE Short Sale Specialist, Certified HAFA Specialist and Expert Short Sale Negotiator Reports On The Benefits of CDPE and the Newest Chase Short Sale Outreach Program.
J.P. Morgan Chase has become one of the first in the banking industry to pro-actively encourage homeowners who are delinquent on their loans to do a short sale. Along with Wells Fargo (Wachovia), Citi and EMC, Chase now pays certain borrowers to do a short sale.
But before you read about the Chase Short Sale Outreach Program, have you tried to do a Loan Mod? Get Your Guide to A Successful Loan Mod
They are offering large financial incentives to homeowners facing foreclosure to sell their homes for less than the amount owed, which is a short sale.If you qualify, Chase will send you a letter saying your short sale may be eligible for a cash amount ranging from $10,000 to $45,000 by selling your home for less than the amount owed.
Sounds too good to be true—but it isn’t. I recently negotiated a short sale for a client in Citrus Heights who was paid $20,000 from Chase at the closing table of her short sale.
Of course, it’s not that black and white, and getting one of these letters is this key. This is a very streamlined Short Sale program, and Chase has its own analytical team, who specify which loans qualify. Once the loan has been accepted into the program, the homeowner receives a Short Sale Letter from Chase with the incentive amount for which they qualify.

- CDPE’s are being reffered to many major banks’ clients, to assist in their short sale
The program is offered only to homeowners with very specific loans. Part of the criteria is the loan has to be a portfolio loan. This is not for an investor or government-backed loan. Most of these loans also were originally WaMu loans that were option ARMs/negative amortization or interest only loans. JPMorgan Chase inherited $4.1 billion in option ARMs etc., when it acquired Washington Mutual.
These programs are popping up constantly and then quickly evolving-Find out if your bank is giving incentives:
Contact us today at Forth Hoyt’s Sacramento Short Sale Center.
Which Government Programs are you qualified for?









