JP Morgan Chase Agrees to Pay a $20,000 Short Sale Incentive to Seller at Closing!

This short sale listing on Quiet Pond Terrace in Burke, VA is approved and with great news for the seller – a $20,000 incentive payment! The lender for both trusts is JP Morgan Chase and they are currently owed over $400K, but we listed it at only $260K. We received the file in March of this year and the foreclosure date slot machines had been set already, but we helped the owner get approved with HAFA and we were able to help stop the foreclosure without an actual contract in on the property. In the end, we were ratified a couple of times with different buyers and the lender did counter us on the high end twice – once at $300K and another time at $315K. But, with a strong rebuttal and the demand by us for a new negotiator, we got this one approved. Deficiency rights are waived and the sellers were NOT asked to bring money to closing. Here is the approval letter on this one…if you know anyone who might need our help, call me at (703) 774-9572 or email me at me.