Central Florida Short Sales: Chase Short Sale Approval in 5 days!!!

Chase Short Sale Approval in 5 days!!!

Winter Haven Florida Pool Home

Short Sales never cease to amaze me. Just when I'm really getting fed up with how slow Chase is they give me an approval in 5 business days!!! The other Chase Short Sales I have done all took 6 months or more so this one was truly a surprise. Hopefully this is a sign of things to come.

One of the reasons this one got approved so quickly is that the Seller had been working with Chase for over a year trying get a loan mod and then trying to do a Short Sale by herself. By the time she finally listed  the property with me she already had a negotiator contact.

I listed the property and sold it the very next day. I called the negotiator and all he wanted was the contract and the HUD statement. These were sent over on July 1st and we received the written approval on July 8th!!

Property:

3 bedroom 2 bath pool home in Winter Haven Florida. Tenant occupied.

Hardship:

Loss of income

Liens:

1st with Chase for $196,500

2nd with Chase for $64,500

Details:

The property was placed on the market on June 23rd. Went pending June 25th. Short Sale was submitted on July 1 and was approved on July 8th. No seller concessions or contributions.

Chase agreed to a purchase price of $105,000 with a NET to them of $96,270 or.... 37 cents on the dolllar.

Are you facing foreclosure on your Chase mortgage? If so........

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

 

 

short or stay

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

 Copyright © 2011 http://www.brokerbryant.com/ | All Rights Reserved

Comments

Reserved for TLW

Posted by Bryant Tutas-Tutas Towne Realty, Inc almost 2 years ago

I know you dont even waste your energy to try to figure it out. I only know smart people make decisions fast.

Posted by Loreena Yeo, Realtor®| Frisco TX Community Advocate (214)783-2210 (3:16 team REALTY ~ Locally-owned Frisco TX Real Estate Co.) almost 2 years ago

Every once in a while we get thrown a bone don't we? LOL Hope there are no surprises.

Posted by Barb Szabo E-pro Realtor Cleveland Ohio Homes (RE/MAX Trinity) almost 2 years ago

What a relief for your seller...she must think you are a magician now.  ;-)

Posted by Susan Haughton ALEXANDRIA VA REAL ESTATE REALTOR, ABR (LONG & FOSTER REALTORS) almost 2 years ago

WOW... congrats on that sale.  I was just talking with a couple who are looking for a rental, they have a mortgage with B of A.  Their letter of approval for the short sale only took 2 months..unheard of for B of A.  I have 2 others with B of A and one was ongoing for over a year and the other is already at 5 months with still no letter of acceptance.  Go figure.

Posted by Jackie Cross (Real Living All Florida Realty) almost 2 years ago

Bryant, that is amazing. Let's hope it's a trend. The banks are getting more proactive with the sellers and I'm also getting more calls from sellers who advanced the short sale by themselves. I think you broke the speed record here - congrats!

Posted by Dave Halpern - Louisville Short Sale Expert (Short Sales Professionals of Louisville (502) 664-7827) almost 2 years ago

Who cares? Just run with it baby and don't look back, lol! That is amazing and congratulations! I'm sure your seller is one happy camper! :)

Posted by Jackie Connelly-Fornuff Century 21 AA Lindenhurst NY (Lindenhurst NY Real Estate Agent) almost 2 years ago

Wow!  That is incredible.  Congrats on your success!

Posted by Damon Gettier Broker/Owner ABRM, GRI, CDPE (RE/MAX 1st REALTY- Roanoke Virginia Short Sale Expert) almost 2 years ago

Chase just seems to keep sharpening their pencils every day.  You must be wearing them down as they saw your name on yet another contract.  That's excellent BB!

Posted by Kevin J. May Naples, FL Southwest Florida Real Estate (Prudential Florida Realty) almost 2 years ago

Broker Bryant, congrats on the approval.  Both Chase and Wells surprised the heck out of me recently with super fast approvals.  I am hoping it's a sign of streamlined procedures on their end and not merely flukes.

Posted by Pinecrest | Palmetto Bay | Maggie Dokic, SFR (Keller Williams Realty Premier Properties) almost 2 years ago

Hey Broker Bryant & TLW, Interesting background … the Short Sales gods were working in everyone’s favor. Great job all the way around.

Posted by Kathleen Daniels, Broker-Owner San Jose Real Estate 1-800-972-1822 (San Jose Homes & San Jose Short Sales) almost 2 years ago

Bryant ... Thanks for sharing this good news about Chase Bank approving short sale in five days.  Wow. That's great.  Even though 1st and 2nd were both with Chase, it's a surprise and possibly because they assigned one person and not a team to do the paperwork.

Posted by Harrison K. Long, business, REALTOR®, GRI, Broker (Explore Group, Coldwell Banker Previews, Irvine, South OC) almost 2 years ago

Bryant, the more you do these the less sense it makes sometimes.  I'm firmly convinced that it all depends on the particular negotiator that's assigned.

Posted by Gabe Sanders, Stuart Florida Real Estate (Martin County Residential Homes, Condos and Land Sales) almost 2 years ago

Holy cow, that's fast, BB. I thought my approval time with the Chase HAFA program was good, but you've got me beat to smithereens.

Posted by Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE (Top 1% at Lyon Real Estate #00697006) almost 2 years ago

Bryant - Wow, hopefully this is a sign of what's to come from Chase.  Congrats to you and the seller!

Posted by Michelle Gibson REALTOR® Wellington Florida Homes for Sale (Hansen Real Estate Group Inc. ) almost 2 years ago

Bryant - you are really rocking the boat with all those short sales you are getting done!!!

Posted by Barbara-Jo's Beach Blog - Clearwater Florida Real Estate (Charles Rutenberg Realty) almost 2 years ago

Oh yeah!! Got to love it when you get a good short sale every now and then. Of course I still have to get it closed.

Chase blew my socks off on this one!!!

Posted by Bryant Tutas-Tutas Towne Realty, Inc almost 2 years ago

Sometimes you step in it, sometimes you get it delivered with a big red bow!

Posted by Gary L Waters PLLC- Broker Associate Realtor® Melbourne Viera Rockledge FL (Century 21 Baytree Realty, 1211 Admiralty Blvd, Rockledge) almost 2 years ago

BB - This is why I LOVE Chase, and they have also been my family's bank of choice for years. No matter what service I am seeking they are always well staffed and efficient. 

Posted by Carol Culkin, Dutchess County (Century 21 Alliance Realty Group ) almost 2 years ago

PS ...hard to believe they have taken so long in the past but maybe they are improving ahead of any of the other institutions. 

Posted by Carol Culkin, Dutchess County (Century 21 Alliance Realty Group ) almost 2 years ago

We have had nothing but delays and problems.   About 3 months to get to negotiator, then one they wanted a full 33% more than our well priced offer.  and the other seller to carry a 33% note.  both now headed for foreclosure. 

Posted by Guy Lofts CRS Real Estate Guy in Madison, Wisconsin (Keller Williams Madison Crossroads, Madison, Wisconsin) almost 2 years ago
Yo, that's what's up truthlfuly.
Posted by Blondie 11 months ago
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Posted by bkscbl 11 months ago

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