When talking about financial problem, then we are talking about opportunities and benefits. How much chance you have to succeed, and how much profit will be earned when you are succeed?
People often disregard that there is something else that comes along with these two factors: failure. It cannot be denied, we certainly cannot always be successful in life. There must be some mistakes and failures, so we can continue to evaluate for the better.
But the question is what if our failure is greater than our chances to succeed or from getting what we want? The answer lies on Chase Mortgage Short sale.
Understanding Chase Mortgage Short Sale Term
Before we dig deeper into the mechanisms and regulations of Chase Mortgage Short sale, we have to acknowledge ourselves first on who is the program maker.
Chase Mortgage Company is one of the largest mortgage loan companies in United States. With a number of branch offices located in more than 22 states, it managed to reach over 20,000 customers and help them realize their dream home.
Not everyone gets their dreams, though, but here’s where the differences of Chase Company from the others.
Chase Mortgage Company will accompany you in everything related to your mortgage loan, either when things are good or bad. Several programs and experts have been created to help you prepare for all the worst possible future for your mortgage loan.
As we know, the worst possible threat in mortgage loans is foreclosure. To handle such problem, Chase Mortgage Company has a special program called Chase Mortgage short sale.
As the name implies, Chase mortgage Short sale is an effort to sell your home with a relatively short time. This Chase short sale program is very useful for those who are threatened by foreclosure or when your home value is lower than the amount of your debt.
Basically, you want to pay off already-huge debt while stopping the possibility of adding more to it. Chase Company facilitates you in making the sale and payment of those short sales.
To apply for Chase Mortgage short sale, of course you cannot randomly come just like that. There are terms and conditions that you should follow, some of which are:
- You must ensure that your home value is lower than the amount of debt you have (contact your mortgage advisor for an immediate assignment of property inspector. Some investor may need two property inspectors just to make sure).
- Your mortgage loan debt should be the highest debt. If you still have the other higher debt, then you cannot follow this program.
- Your home should be in a livable condition, concerning of the material or condition of its stability.
- You must include a letter from the bank stating that you are currently having financial problems.
Chase Mortgage short sale will be very useful for those who have been desperate in facing economic difficulties. Chase works as hard as possible to help you get out of the condition.
If you are interested to enroll in Chase Mortgage short sale program, you can contact the mortgage loan advisor, or just go to www.chase.com to fill out the online form provided there.