Short Sales approved in 30 Days or Less?

JP Morgan Chase is setting out to close short sales in less than 30 days, Bill Carr, vice president of short sales, told participants in a recent HousingWire webinar, “Short Sale Process with Chase Bank.” …when Chase says ‘close’ they are meaning ‘getting them approved’ as it is impossible to get an approval AND get the short sale home ‘closed’ in 30 days. That just goes to show you what we have to deal with, when the VP of short sales publicly misstates their own plans and intentions.

"We are doing everything we can to avoid foreclosure," Carr said.

Carr said the bank is using initiatives such as the Short Sale Accelerator Program to offer cash to borrowers (homeowners) to complete short sales, instead of letting the home fall into foreclosure.

Carr said during the webinar that the company was looking to recruit more qualified short sale agents to handle the large number of “preapproved buyers waiting” to buy these homes. (We are qualified and recommended by Chase)

Call me directly if you have any questions. Steve Jackson, 561.602.1258

Info@ShortSales123.com