WaMu Chase Short Sale Blog
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Hi! This is Steve Davis – the Broker at Realty World – Davis Homes & Properties. Many people hear about how long a short sale is. I have just started on May 6 – Thursday – a short sale with Chase.
On this blog I will be updating you daily as to the response I receive from Chase. We will see if they really want to serve the citizens of the United States – which Chase as taken billions of dollars from – or is the bank so understaffed and unwilling to work with the public that it is a total mess.
So – here is my first installment! On Thursday May 6 I received the accepted offer back from my seller. The seller also gave me the completed Short Sale package from Chase. I did my part as the listing agent – provided three For Sale homes that we similar to the one we are selling. I also provided three Sold homes that are comparable.
I wrote a two page cover letter pointing out to Chase that the offer that another good agent in Lodi brought to me was more than the house was worth. That Chase would be fools not to accept this offer ASAP. But from all we hear Chase is fools anyway. I am giving them a chance to publicly show that they are serious about the housing crisis and willing to move quickly.
I FAXed the completed Short Sale package to the bank at 800-446-8939. The package was 60 pages long. I will update this post tomorrow with the results of submitting the complete Short Sale package to them.
Please comment about the pro’s and con’s of dealing with Chase on a Short Sale. Any tips you have for me will be appreciated. Thank You.
