Short Sale Tool.com http://shortsaletool.com Closing Short Sales for Real Estate Agents Fri, 23 Sep 2011 23:34:57 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Chase offering a 10,000 seller incentive http://shortsaletool.com/2011/09/16/chase-offering-a-10000-seller-incentive/ http://shortsaletool.com/2011/09/16/chase-offering-a-10000-seller-incentive/#comments Fri, 16 Sep 2011 04:29:50 +0000 admin http://shortsaletool.com/?p=103 Chase is offering some of its clients a 10,000.00 incentive to do a short sale on their home.  I’m researching the information to see

  1.  What are the qulifying factors.
  2.  If their is a loan amount/limit?
  3.  Does the home have to be lived in by Seller?
  4. What are the debt to income ratio that qualifies Seller?
  5.  Is this a certain government program or is this Chase?
  6. Is there a time frame for completion of the short sale?

Obviously there will be many moving parts and qualifying factors.  I’m anxious to get the real scoop on this one.

Chase offers 10,000.00 incentive to Homeowners!
]]> http://shortsaletool.com/2011/09/16/chase-offering-a-10000-seller-incentive/feed/ 0 Bank of America and Equator dealing with new fees after approval http://shortsaletool.com/2011/09/12/bank-of-america-and-equator-dealing-with-new-fees-after-approval/ http://shortsaletool.com/2011/09/12/bank-of-america-and-equator-dealing-with-new-fees-after-approval/#comments Mon, 12 Sep 2011 15:28:15 +0000 admin http://shortsaletool.com/?p=61 Working a short sale with Bank of America, well several short sales, we came across some conflicting information on when to make some aggressive changes to the HUD1.  I was told last week that Bank of America has a 1500.00 variance, (wiggle room) at closing.  Then on a different file I was told we would have a chance to adjust the 4497.oo difference in Property tax at closing.  This is where intuition, gut comes in.  I did not want to have my file denied at closing for such a LARGE change in taxes.  Instead of settling for that answer I did ask the file be adjusted immediately instead of after approval.  To me that made more sense then to get an approval and fight for a variance.  When the approval finally comes the last thing Buyers or Sellers want to have to do is hold their breath on something that could have been handled upfront.

 

 

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