I have written before about short sales and probably about Chase. This company is one of the slowest I have had to deal with.
HAFA sales are supposed to be streamlined and go through a lot quicker.
We waited 2 months to get an approval to be a HAFA approved short sale listing. We got the approved price that was needed to be marketable. We put the home on the market. It was sold in 10 days. The contract went to CHASE where I was told it would take 10-14 business days for the final approval of the offer. It took 6 weeks to get that approval verbally! After a week of getting a verbal okay we got the approval letter which stated that property needs to close in 18 days from now. ARE YOU KIDDING ME?? Chase adds more work for itself. We now need to straighten out the timing to something realistic. I sometimes wonder about the IQ of the persons making the decisions for Chase.
I think some of us should go into Chase and straighten up the process!!
By the way, I did a HAFA approved sale through Wells Fargo in days after the contract was received by the negotiator.
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