Has anyone succeded in getting Chase to accept a short sale yet?
It may not be Chase’s decision… since Chase services loans for different investors who may have different criteria for loan workouts…. Generally, lenders and loan servicers’ marching orders are to delay/defer/avoid the realization of loss… but once the TARP bailout funds are distributed and the lenders’ shaves and haircuts are reduced… we’ll see more loan mods and short sale approvals across the board.
