Chase Bank Short Sale

One Year to Close Chase FHA Short Sale in Carmichael

chase fha short sale

Chase FHA short sale in Carmichael closed 12 months from listing.

Whose problem is it when a Chase FHA short sale takes more than a year to close escrow? I get so many calls from home buyers wondering why is that Carmichael short sale still for sale month after month, and I feel like telling them to go look in the mirror. Yet, this home I only sold 3 times, so that’s about right, on average it works out to about 4 months for each buyer. I am one of the few agents in Sacramento who will handle a short sale, which is why I have sold more short sales than anybody over the past 10 years. read more

Another Chase HELOC Short Sale Closes in Spite of Chase Bank

Chase Short SalesI wrote about a Chase HELOC short sale earlier this spring that was messed up 10 ways from Sunday by Chase, yet due to sheer determination and copious amounts of perspiration, and in spite of the ineptness of Chase’s HELOC short sale department, I got it closed. (I can hear my dead mother in my head whispering: women don’t sweat, we perspire.) In that blog, I described Chase Bank as ambling along “like a fat walrus after a big lunch drooling fish guts down its chin,” and that perspective hasn’t changed one iota. read more

Why Home Buyers Won’t Buy a Short Sale in Sacramento

Sacramento Short Sale Agent Elizabeth WeintraubLike any other home on the market today, even the few short sale homes need to be highly desirable in some way to entice a home buyer to buy a short sale in Sacramento. Price alone won’t do it because the short sale lenders will demand market value. I get emails from agents who ask if I would consider wasting my time and the seller’s time to submit garbage offers on behalf of their greedy little buyers who love to lowball, and you’ve got to wonder what planet these agents live on. As additional information, the agents might offer up the fact they’ve been successful with this approach once years ago, like anybody cares. read more

Starting Over on a HAFA Due to Chase Bank Short Sale HELOC

Young sad teen woman, have big problem or depression, over white backgroundWhat does it mean to start over on a HAFA short sale through Bank of America because the HELOC department (second lien holder) at Chase Bank messed up? That’s a question that is probably lingering in the minds of many frustrated home buyers across the United States right now because if it happens in Sacramento, you can bet it happens elsewhere. Let me be clear that a Chase Bank short sale, when Chase is in first position, actually seems to run rather smoothly in Equator now, it’s just those second liens that are a royal PITA. read more

What is the Problem With 2014 Sacramento Short Sales?

Short Sale Sign in SacramentoThe problems with Sacramento short sales in years past used to lie with the banks and the buyers, but those days are long gone. Buyers and short sale banks are not the source of our misery today. Most of the buyers who enter an agreement to buy a short sale are willing to wait it out and realize there are a few fees the bank might not authorize such as pest and home warranties and 100% of the escrow fee. They possess realistic expectations. The banks have invested money and effort into establishing entire short sale departments that mostly did not exist from 2006 to 2008. They’ve put systems and procedures in place, and are constantly tweaking their efficiency and effectiveness. read more

Subscribe to Elizabeth Weintraub's Blog via email