Chase Short Sale Packet Form – Fill Out and Use This PDF

Short Sale Information Packet

In order for us to evaluate your Short Sale request, you must complete this packet, sign in all the required places and fax or mail it to Chase with the required documentation.

Please keep a copy of everything you send to us for your records.

This packet contains the following items:

1.Required Documentation Checklist –

Detailed list of the documents you must send to us in addition to the packet

a.From You, the Borrower and Co-borrower

b.From Your Real Estate Agent

2.Authorization to Provide and Release Information –

Grants Chase permission to provide information pertaining to your mortgage to necessary agents

3.Request for Consideration of Short Sale –

Information about your property, loans, income, etc., as well as details on the circumstances that have made it difficult for you to stay up-to-date with your mortgage payments

4.4506T-EZ Request for Transcript of Tax Return Form –

Allows Chase to receive a transcript of your tax return to verify income information

If you need any assistance completing this packet please contact us:

For Chase mortages: 800-446-8939.

For WaMu mortgages: 800-848-9380.

Please send the completed packet as well as all required documentation to Chase:

Important Information

We are attempting to collect a debt, and any information obtained will be used for that purpose.

We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.

If you are represented by an attorney, please refer this letter to your attorney and provide us with the attorney’s name, address, and telephone number.

If you are currently a debtor in bankruptcy proceedings and subject to the protections of the automatic stay, or if you have received a final discharge in a bankruptcy, this notice is for compliance and/or informational purposes only and not an attempt to impose personal liability for the debt in violation of the bankruptcy laws. However, Chase Home Finance LLC still has the right under the Mortgage to foreclose on the Property.

Required Documentation Checklist

1A. FROM YOU, THE BORROWER AND CO-BORROWER

If you are a Wage Earner (you receive a W-2 from your employer) please provide:

Two (2) most recent Pay Stubs (two for each borrower)

Most recent one (1) month’s complete Bank Statement

If you are Self Employed, please provide:

P & L Statement / Audited or reviewed YTD Income Statement (must provide)

Most recent two (2) years’ Tax Returns Completed (personal and business, signed with all pages) or 1099s or most recent two (2) years filed and proof of extension

Last four (4) months complete Business and Personal Bank Statements (must provide all pages. If a business account is not used, provide a written statement stating a business account is not used)

Everyone must provide the following:

Most recent statement(s) supporting assets listed on page 2 of the Request for Consideration of Short Sale Form (must provide all pages of statements)

Most recent completed Tax Return (signed with all pages) or most recent filed and proof of extension (signed with all pages)

Proof of occupancy (if owner occupied) - a recent utility bill in your name at property address

If loan is Non-Escrowed:

A)Copy of the most recent property tax bill(s) with a copy of the cancelled check for all applicable taxes (County, City, School, etc.)

B)Copy of the current insurance declaration page for all applicable coverage types (must show premium amount for homeowner’s, flood, and wind)

C)Proof of payment of Homeowner’s Association Fees (if applicable)

If Non-Owner Occupied:

A)Rental Income with copies of Rental Agreement if a tenant resides in the property

B)Amount of Principal, Interest, Taxes, Insurance, and Home Owner Dues for Primary Residence

C)Primary Residence Address

Authorization to Provide and Release Information- Allows Realtor or designee to discuss the account with Chase, if desired.

Be sure to sign this form

Completed Request for Consideration of Short Sale Form (enclosed). Be sure to sign and date this form.

Completed 4506T-EZ - Request for Transcript of Tax Return (enclosed.) Be sure to sign and date this form.

1B. FROM YOUR REAL ESTATE AGENT

Listing Agreement

Detailed Listing History (MLS Printout)

Sales / Purchase Contract (Signed Offer)

3 Comparable Active Listings/3 Comparable Sales/Pictures of the Property & Neighborhood

HUD (Estimated Closing Statement)

AUTHORIZATION TO PROVIDE AND RELEASE INFORMATION

I/(We), _________________________________________________________________________(borrower(s) name(s)) , currently residing

at _______________________________________________________________________ in the County of _________________________________,

State of __________, hereby authorize Chase Home Finance LLP/JPMorgan Chase Bank, N.A (collectively “Chase”) to release, furnish, and

provide any information related to my mortgage under loan number ____________________________ to _____________________________

_______________________________________________________________ (name of third party).

I UNDERSTAND THAT THIS AUTHORIZATION IS VALID UNTIL SUCH TIME

THAT CHASE CONFIRMS IT HAS RECEIVED WRITTEN NOTICE FROM ME

REVOKING THIS PRIOR AGREEMENT.

Mailing address

Additional Liens/Mortgages or Judgments on this property:

HARDSHIP AFFIDAVIT

Other:

Explanation (continue on back of page 3 if necessary): __________________________________________________________________________

______________________________________________________________________________________________________________________

INCOME MUST BE DOCUMENTED

1Include combined income and expenses from the borrower and co-borrower (if any). If you include income and expenses from a household member who is not a borrower, please specify using the back of this form if necessary.

2You are not required to disclose Child Support, Alimony or Separation Maintenance income, unless you choose to have it considered by your servicer.

INFORMATION FOR GOVERNMENT MONITORING PURPOSES

The following information is requested by the federal government in order to monitor compliance with federal statutes that prohibit discrimination in housing. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender or servicer may not discriminate either on the basis of this information, or on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race. For race, you may check more than one designation. If you do not furnish ethnicity, race, or sex, the lender or servicer is required to note the information on the basis of visual observation or surname if you have made this request for a loan modification in person. If you do not wish to furnish the information, please check the box below.