Replies to This Discussion

Permalink Reply by Dawn Maloney on May 17, 2011 at 4:57pm

Was this a previous WaMu?

Permalink Reply by Daniel Sandoval on May 17, 2011 at 5:16pm

im thinking it was a wamu loan before. I been doing my research on this outreach program and it looks like its wamu loans...not sure.

Permalink Reply by Monica Richter on May 17, 2011 at 8:39pm

Thank you for the input, that is amazing news. The amount is outrageous and makes no sense to me, I am sure the homeowners are happy and the good news is that their short sales are moving. Keep the good news coming. Monica

Permalink Reply by Daniel Sandoval on May 17, 2011 at 11:32pm

I strongly suggest to have your title reps look for all chase customers farm packages and prospect them...thats what im doing 

Permalink Reply by Kendra Chui on May 29, 2011 at 9:27pm

Daniel,

 

Are you CDPE?  According to the blog Chase wants the borrower (homeowners) uses an agent on the CDPE list if they are going to start short sale.  I guess you have started the short sale already so they let you go.   Have you closed that transaction?

http://www.theshortsaleguide.com/profiles/blogs/los-angeles-short-s...

Permalink Reply by Ned on May 30, 2011 at 1:29pm

The Rieger letter does not require a CDPE agent.

Has anyone had any dealings with John Rieger--is he a real person?

Permalink Reply by Daniel Sandoval on May 30, 2011 at 3:14pm

Yes im cdpe...all my forms i made have the cdpe logo...it really helps out. I havent closed this particular transaction but the hud with incentive of 25k is already with the negotiater... i will see..

Permalink Reply by Ned on May 27, 2011 at 12:17pm

There is a controversy / dispute who gets these Chase offers: one group says that only loans which are owned by Chase and if the new buyer will finance with Chase. ( What is believed that Chase is anxious to write new loans and Chase figures that partially what they write off on the old loan in the short sale, Chase will make up on the new financing over a period of time.)

Do we have some specific details on who received offers with which type of loans?

Permalink Reply by Kevin - Greenville, SC on May 28, 2011 at 8:32pm

http://leehonish.wordpress.com/2011/05/25/cdpe%C2%AE%C2%A9%E2%84%A2...

Permalink Reply by Jordana Lane on June 2, 2011 at 2:07pm

Can you send me the name and email or contact info for your negotiator? Need his help with a 2nd. Thanks

Permalink Reply by Janet Kleen on June 6, 2011 at 10:21pm

Were they still living in their home, or had they moved out during the short sale?

Permalink Reply by Barbara Pedersen on September 9, 2011 at 10:09am

My client was offered $30,000 Chase incentive plus $3000 HAFA relocation. He is currently considered under HAFA.

1. Does anybody know if these incentives can cover part of the closing costs? It looks like our closing costs will exceed what is allowed by HAFA.

2. If this goes traditional route - can part or all of Chase incentive of $30,000 be used for closing costs?
I would be grateful for any input/experience.
Thanks a lot.

Barbara