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

Chase Short Sale Packet Form PDF Details

The Chase Short Sale Packet is a complete set of forms that homeowners submit to request that Chase Bank accept less than the full mortgage balance when selling the property. A short sale is a structured alternative to foreclosure, providing a path for homeowners facing financial hardship to sell their home and satisfy their mortgage debt even when the sale price is less than the amount owed.

Key Documents Included in the Chase Short Sale Packet

The packet contains four core components that homeowners and their real estate agents must complete together:

• Required Documentation Checklist - Specifies the paperwork needed from both the homeowner and their real estate agent, including a signed listing agreement, a purchase and sale contract, a HUD-1 settlement statement, proof of homeowners insurance, and a completed broker price opinion or appraisal.
• Authorization to Provide and Release Information - A consent form that permits Chase to discuss your mortgage account details with authorized third parties, such as your real estate agent, attorney, or HUD-approved housing counselor.
• Request for Consideration of Short Sale - The central form in the packet. It gathers detailed information about the property, your current financial circumstances, and a written hardship statement explaining why continued mortgage payments are no longer possible.
• 4506T-EZ Form - Required for income verification. This IRS form authorizes Chase to request your tax return transcripts to confirm your reported income.

Who Should Submit This Packet?

This packet is for Chase mortgage borrowers who are experiencing a documented financial hardship and have determined that they can no longer maintain their mortgage payments. Common qualifying hardship situations include job loss, reduced income, divorce or legal separation, a medical emergency, or a necessary relocation for employment. Homeowners in this situation may also want to consider a deed in lieu of foreclosure or a loan modification agreement as alternative options before committing to a short sale.

Before submitting this packet, retain copies of every document for your personal records. Chase requires all submissions to be complete and signed before evaluation can begin.