Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 16 years ago,

User Stats

25
Posts
1
Votes
Donna J
  • Alabama
1
Votes |
25
Posts

Next Phase of my Short Sale....I have an offer

Donna J
  • Alabama
Posted

Everyone here has been great to help me. I really do appreciate it!

I now have a signed contract for my property. The offer is a good one. One has sold for $1k less, another is listed for the same as my contract price, another is listed at 10K less than my contract.

I am completing the Short Sale packet for Chase, now. My loan was WAMU, but Chase bought them and took my loan. I have heard from a couple of people they paid 27 cents on the dollar. May or may not be true. I did receive a letter saying my loan was being transferred to Chase but my SS packet still has me sending it to:
WAMU loss Mitigation/Default Alternatives in Chatsworth, CA.

I have a realtor and my packet has a 3rd party disclosure for me to allow my realtor to speak with Chase.

Because I am laid-off right now, I have plenty of time to contact Chase (WAMU) in every way possible. Is it true that I need to stay on them and hopefully get them to want me off their back?

I have kept my loan current until the Dec 1 payment. I have not made it. I would like to speed the process so I don't have too many months of credit hits in addition to the big one for the SS. I also don't want the buyer to walk.

If you have any any advice, I would appreciate it. I have a phone number of 866-926-8937. If you have other phone numbers where you have gotten results, please let me know. If you have phone numbers of email addresses for supervisors, that would be great.

I plan to contact them daily, myself, to check the progress, even though I plan to send the 3rd party agreement.

If by chance I can get contact information for a supervisor, should I just go ahead and send them a copy of my packet and let them know that the next one that sells will be lower because my contract is higher than the list price of another condo and the same as list for another condo? If my buyer walks the next offer will be lower, too.

Thanks!
dmj4

Loading replies...