No Documents No Problem For A Recent Chase Bank Short Sale

Posted on Jan 9, 2013 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek and I am your Keller Williams short sale specialist for the Roseville and Sacramento area. I work with distressed property owners in the neighborhoods of Roseville and Sacramento every day to help find the best alternatives to foreclosure and use this blog to share my experiences. If you are currently behind on your mortgage or simply need to sell your distressed property fast take a minute to browse through my website or call me directly to learn about all of the options for you.

In my blog today I wanted to talk with Roseville and Sacramento homeowners about a recent Chase Bank short sale that I closed which was rather unique. In this particular case my client was someone who had been unemployed for years and also did not have a bank account. Most Roseville and Sacramento short sales require numerous pay stubs, bank statements, and tax returns but given this person did not have any of these we essentially completed a no document short sale. Chase used the small amount of paperwork that we acquired and given the information on this property was able to approve a short sale rather quickly without a mountain of paperwork. I thought this was important to share because there may be some Roseville and Sacramento homeowners who are in this same situation and assume they cannot short sale. It is possible in this situation that your bank will ask for a letter of explanation but it is not always a deciding factor. If you have an underwater mortgage with Chase Bank please reach out to me with any questions you have.

You can reach me by filling out a contact form on my website or calling my office directly to chat with an experienced agent about your options. On my website you can also find my Short Or Stay Calculator that can help you determine if a short sale is right for you. Thank you for your time today and I look forward to hearing from you soon at Keller Williams Realty in Roseville and Sacramento.

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Metlife Mortgages Switching To Chase Means Good News For Short Sale Sellers

Posted on Nov 24, 2012 in Roseville and Sacramento Short Sale FAQs

Hi this is Mark Peek with Keller Williams Real Estate in Roseville and Sacramento, your short sale specialist for the area. Today’s topic is Metlife mortgages and short sales. If you have a mortgage with Metlife, you’ll probably find that the servicing for your loan is going to be transferring over to Chase. There’s a lot of this going on right now where a lot of banks are selling their servicing off to other financial institutions and in this case Chase is actually increasing their portfolio. Again, if your mortgage is with Metlife it will be transferring over to Chase shortly; if you have any questions about this transfer or are considering a short sale, it’s in my opinion that it’s an upgrade for you with switching over to Chase.

If you have any specific questions about your situation and are considering a short sale one of the things I’d like to recommend to you is that you check out my short sale calculator. If you enter in your property and loan information, such as monthly mortgage payment, remaining principal amount and interest rate, it’ll give you a detailed report with how long it’s going to take for you to break even and whether you should stay in the property or do a short sale. Use that tool and once you get the results give me a call so that I can give you the most up-to-date valuation data that we have. Some of the property valuation from Zillow isn’t always current; they’re a little bit behind and we’ve had a market increase, so it’s not entirely accurate.

Give me a call and I can ensure that you have the most accurate data with regards to your home’s value. I can also provide you with the information and resources you need to determine if a short sale is the right decision for you at this time.

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Chase is Offering a $20,000 – $25,000 Short Sale Incentive for Homeowners

Posted on Dec 12, 2011 in Roseville and Sacramento Short Sale FAQs

Hi, I’m Mark Peek here with Keller Williams Real Estate. We are one of Roseville and Sacramento’s short sale specialists. I want to talk to you today about some programs out there from Chase that many homeowners probably aren’t aware of today. One of the qualifications are, you have to have a specific loan that is possibly a Washington Mutual portfolio loan or maybe even some of the Chase owned loans. You also have to be currently delinquent and underwater on your mortgage.

If this sounds like it could be your loan, then in some situations Chase is paying short sale sellers $20,000 or more to short sale their property. They’ll write you a check at the close of escrow from $20,000 or more if you have a certain loan type and get an offer on your home.

So if you are in a short sale situation and you are underwater on your mortgage and you have a loan with Chase, you should definitely contact me. You may be one of those lucky homeowners who could potentially have a large payday coming their way just by doing the right thing and completing a short sale on their property. Contact me today so we can figure out if this is the right situation for you and find out if you do indeed have one of these loan types with Chase or Washington Mutual. We can also look into if a short sale is the right decision for you and your family.

Again, I’m Mark Peek, one of Roseville and Sacramento’s short sale specialists. Please give me a call today. I’m here to help answer any questions you have about the short sale process. Thanks and have a great day.

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