JP Morgan Chase frequently asked SHORT SALE & FORECLOSURE questions

What are some JP Morgan Chase foreclosure alternatives?
I am upside down on my mortgage with JP Morgan Chase, what should I do?
What is a JP Morgan Chase short sale?
JP Morgan Chase denied my loan modification, what's next?
What is the JP Morgan Chase short sale process?
How do I choose a JP Morgan Chase short sale company?
How do I qualify for a short sale with JP Morgan Chase?
Where do I find a JP Morgan Chase short sale expert?
How do I hire a JP Morgan Chase short sale REALTOR?
How to find short sale agents who work with JP Morgan Chase?
What are the documents required for a JP Morgan Chase short sale?
How do I write a JP Morgan Chase hardship letter?

What are some JP Morgan Chase FORECLOSURE ALTERNATIVES?

If you are wanting to avoid foreclosure with JP Morgan Chase , consider a short sale. JP Morgan Chase has alternatives to a foreclosure. With record high defaults (foreclosures), a great solution is a JP Morgan Chase approved short sales. There are a large number of people behind on their mortgage payments and upside down on their home that want to avoid foreclosure. Banks are allowing you to sell your home for less than what is owed. If you want to stop your home from going into foreclosure , a short sale may be the right solution for you. We provide this service at absoletely no cost to you and have great working relationships with JP Morgan Chase to help you in your time of need.

I AM upside down on MY mortgage with JP Morgan Chase, WHAT SHOULD I DO?

If you upside down on your JP Morgan Chase mortgage, there are options to avoid foreclosure . There are many options to either avoid a foreclosure or make your mortgage payment even more affordable. To avoid having a JP Morgan Chase foreclosure, one of the best options you might have would be performing what is called a short sale.

What is a JP Morgan Chase Short Sale?

Banks such as JP Morgan Chase are not wanting to absorb the cost of a foreclosure . Foreclosures are very expensive and time consuming. Banks will typically work with home owners in hardship and allow you to perform a short sale. Our company specializes in helping homeowners working out a short sale solution with JP Morgan Chase.

JP Morgan Chase Denied MY Loan Modification, whats next?

Knowing exactly what a short sale is will help you have a better understanding. We work with JP Morgan Chase to negotiate a short sale for you. Our team of Short Sale Experts have a great realationship with JP Morgan Chase and show that your home is worth much less than owed, and to avoid the hassels and expenses of foreclosing, we can negotiate a short sale.

What is the JP Morgan Chase short sale process?

• The lender acknowledges receipt of the file. (This can take 10 to 30 days.)
• A negotiator is assigned. (This can take 30 to 60 days.)
• A Brokers Price Option (BPO) is ordered. (This can take 10 to 15 days.)
• A second negotiator could be assigned. (This can take another 30 days.)
• The file is sent for review or to the PSA. (This can take 15 to 30 days.)
• The bank might request that all parties sign an Arm's-Length Affidavit.(Typically nortorized)
• The bank issues a short sale approval letter.
• Close the sale of your short sale

HOW TO CHOOSE A JP Morgan Chase Short Sale Company

When your loan modification is denied by JP Morgan Chase, you are an ideal canidate for getting the lender to approve you for a short sale. Lenders attempt to work with home owners to save their homes, but when you are denied a loan modification by JP Morgan Chase, they will allow you to short sale 99% of the time. Call us, we will give you other options.

How to Qualify for a Short Sale with JP Morgan Chase

There are many reasons a JP Morgan Chase will allow you to sell your home for less than owed. Any of these situations may qualify you for a short sale. (Note: these are most of them)

• Job loss or unemployment
• Relocation or involuntary job transfer
• Loss of income
• Decrease in working hours
• Medical expenses
• Major repairs on existing home
• Divorce
• Increased living expenses
• Death of borrower
• Short term or permanent disability
• Death of spouse or family member
• Business failure
• Vacant investment properties
• Bankruptcy

where do i FIND A JP Morgan Chase short sale expert

JP Morgan Chase foreclosure vs short sale . It could be the right solution for you. The lender short sale process can be a long and tedious task and negotiations could take months to complete. We strive to shorten this transaction timeline as a company by utilizing our relationships with JP Morgan Chase.

HOW TO HIRE a JP Morgan Chase short sale realtor?

Have a Professional JP Morgan Chase Short Sale Realtor working for you. Our Short Sale Realtors are the top short sale Realtors to facilitate a effortless and smooth short sale. We are the JP Morgan Chase Short Sale Experts . We have proven track record and can negotiate a short sale from beginning to end.

HOW TO FIND Short Sale agents WHO WORK WITH JP Morgan Chase ?

We don't just want you to work with any Real Estate Agent, we want you to work with a Short Sale Realtor that is a short sale specialist . What is the difference between a short sale agent and a short sale Realtor who specialize in working with JP Morgan Chase? They both have to be licensed by the Department of Real Estate and follow the real estate laws. They both specialize in facilitating with short sale transactions and negotiations. The main difference is that a real estate agent is a REALTOR when he or she is a member of the National Association of Realtors. A JP Morgan Chase specialized Realtor has to abide by a stricter Code of Ethics and Standards of Practice.

Hire a local [State] JP Morgan Chase short sale expert to sell your home. Not all short sales are successful because every lender and situation is different. A short sale expert can examine your circumstances and be very knowledgeable of your options.

WHAT ARE THE documentS requireD for a JP Morgan Chase short sale ?

When qualifing for a JP Morgan Chase short sale, most banks will require the following documentation to approve your short sale in .

• Recent Mortgage Statement
• 2 most recent months of paycheck stubs (if employed)
• 2 most recent months bank statements
• 2 most recent years W2's
• 2 most recent years Tax Returns
• Property Tax Bill (If it is not included in the mortgage)
• Property Insurance Bill/ Statement (if it is not included in the mortgage)
• Homeowners Assoc. Bill (If you have a Homeowners Association)
• Sellers hardship letter
• Complete financial statement
• Letter of authorization (which lets your short sale agent speak to the bank)
• HUD-1 or Preliminary Net Sheet
• Comparative Market Analysis or list of recent comparable sales

How do i write a JP Morgan Chase hardship letter?

The JP Morgan Chase hardship letter only needs to be about a page long typed out explaining your situation and how your circumstances have changed. The lenders want to know why you are not able to make your mortgage payments. Contat us today for a break down on how to write a proper JP Morgan Chase hardship letter.

some history about JP Morgan Chase

JPMorgan Chase Bank, N.A., is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. JPMorgan Chase Bank, N.A. is doing business as Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase traces its history back to the founding of The Manhattan Company by Aaron Burr in 1799, in a house at 40 Wall Street. After an epidemic of yellow fever in 1798, Aaron Burr established the Manhattan Company, with the goal of bringing clean water to the city from the Bronx River, but in fact designed as a front for the creation of New York's second bank, rivaling Alexander Hamilton's Bank of New York. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in Chicago, since its merger with Bank One Corporation in 2004. In 2008, the bank acquired the deposits and most of the assets of Washington Mutual. EMC Mortgage is a subsidiary of JPMorgan Chase.