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Chase Short Sale


In today’s distressed housing market many homeowners throughout California, are choosing to short sell their property. Since Chase is such a huge servicer of loans it is not surprising that “Chase Short Sale” is such a popular search term on Google. The processing of short sales differs from lender to lender as each lender has its own policies and procedures. Chase can be an extremely difficult lender for homeowners and real estate agents to work, especially if they are unfamiliar with how to navigate through their bureaucracy. A Chase short sale can become even more complex when multiple lien holders are involved, even if the multiple lien holders are all serviced by Chase. Homeowners and real estate agents need to realize that just because a homeowner’s mortgage statement comes from Chase doesn’t mean that Chase actually owns the loan. The more likely scenario is that Chase services the loan for another investor. Keeping this in mind allows you to better understand how conflicts can arise even if Chase is the servicer for multiple liens.


The Chase short sale process is pretty straightforward, however, homeowners should take care to retain a real estate agent that is experienced and knowledgeable with Chase. Remember, real estate agents will always represent that they are experienced so it is important for homeowners to check references and perform their due diligence before taking the word of any real estate agent. Too many times homeowners find out after the fact that the real estate agent that they retained is not qualified to properly represent them.


Chase does offer some relocation assistance programs, however, it is impossible for a real estate agent to know if a homeowner is eligible prior to engaging Chase in short sale discussions. Relocation assistance might come in the form of HAFA or an internal Chase relocation assistance program, but again, it is nearly impossible to represent or guarantee this prior to entering the short sale process.


Homeowners need to realize that not all real estate professionals are the same. A homeowner’s friend or acquaintance might have a real estate license but that does not mean that they are qualified to properly handle a Chase short sale. For more information on how to select a real estate professional for a Chase short sale please click the following link:


Another frequently asked question pertains to the length of time that a Chase short sale will take. Chase short sales typically take 3-6 months from initiation of the Chase short sale to close of escrow. For a more detailed analysis regarding short sale timelines please click the following link:


Overall, a Chase short sale should be a relatively fluid experience provided the correct real estate professional is chosen.


This article was written by Michael Gaddis, J.D. a licensed California attorney and real estate broker experienced in Chase short sales. Michael Gaddis assists homeowners throughout the State of California with their short sale needs but concentrates on San Diego, Orange, Los Angeles and Riverside counties. If you have questions for Michael Gaddis please feel free to contact him at 888-242-2272 or by email at


To view sample Chase short sale approvals as well as other short sale approvals procured by Michael Gaddis please click the following link: