WaMu Chase Short Sale Day 7
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Day 7 since Chase received the complete Short Sale package. I talked to Kelly in New York at 800-848-9380. I wanted to confirm what Elizabeth in New York had told me about the BPO that was to be ordered and returned within 7 to 10 days.
Kelly could not talk to me as the “legal department” of Chase had not cleared me to talk with the bank. My clients had signed the Chase short sale form “Authorization to Provide and Release Information”. Kelly confirmed that I was indeed listed on the form but the time frame for the “legal department” to review the form and give their blessing for me to talk to the bank is 7 to 14 days.
We have a fantastic offer for the bank – over the appraised value. Every day the bank delays the value of the house drops in the San Joaquin valley and the buyer becomes more frustrated at waiting for the bank to get off their duff and approve their great offer. Could the legal department of Chase hire a few more people to review that the form was filled out correctly and signed by the borrowers???
JP Morgan Chase’s profits for the first quarter of 2010 rose 57%. How about hiring people to handle the short sales with that profit. $3.3 Billion would hire many people! The bank loses money every day they do not close a short sale. AS usual – this does not make sense to me. Does it make sense to you??
