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.

ACKNOWLEDGEMENT AND AGREEMENT

In making this request for consideration under the Making Home Affordable Program I certify under penalty of perjury:

1.That all of the information in this document is truthful and the event(s) identified on page 1 is/are the reason that I need to request a modification of the terms of my mortgage loan, short sale or deed-in-lieu of foreclosure.

2.I understand that the Servicer, the U.S. Department of Treasury, or their agents may investigate the accuracy of my statements and may require me to provide supporting documentation. I also understand that knowingly submitting false information may violate Federal law.

3.I understand the Servicer will pull a current credit report on all borrowers obligated on the Note.

4.I understand that if I have intentionally defaulted on my existing mortgage, engaged in fraud or misrepresented any facts(s) in connection with this document, the Servicer may cancel any Agreement under Making Home Affordable and may pursue foreclosure on my home.

5.I am willing to provide all requested documents and to respond to all Servicer questions in a timely manner and to otherwise comply with all requirements of the Making Home Affordable Program that may be in effect from time to time.

6.I understand that the Servicer will use the information in this document to evaluate my eligibility for a loan modification or short sale or deed-in-lieu of foreclosure, but the Servicer is not obligated to offer me assistance based solely on the statements in this document.

7.I am willing to commit to credit counseling if it is determined that my financial hardship is related to excessive debt.

8.If I was discharged in a Chapter 7 bankruptcy proceeding subsequent to the execution of the Loan Documents, or am currently entitled to the protections of any automatic stay in bankruptcy, I acknowledge that Servicer is providing the information about the Making Home Affordable program at my request and for informational purposes, and not as an attempt to impose personal liability for the debt evidenced by the Note.

9.I acknowledge that while my request is being evaluated, the Servicer may suspend any scheduled foreclosure sale, but may continue to send legal notices related to foreclosure. Any pending foreclosure action will not be dismissed and may be immediately resumed from the point at which it was suspended if I fail to comply with the terms and conditions of the Making Home Affordable program, including any trial period plan, and no new notice of default, notice of intent to accelerate, notice of acceleration, or similar notice will be necessary to continue the foreclosure action. All rights to such notices are hereby waived by me to the extent permitted by applicable law. I further acknowledge that when the Servicer accepts and posts a payment during the time I am being evaluated, including during any trial period, it will be without prejudice to, and will not be deemed a waiver of, the acceleration of the loan or any foreclosure action and related activities and shall not constitute a cure of any default under the loan documents evidencing and securing the loan unless such payments are sufficient to completely cure my entire default under the loan documents. If I am in foreclosure, I agree that all trial payments will be made in certified funds.

10.I further acknowledge and agree that if I am offered a trial period plan by the Servicer, making the first payment due under such trial period plan shall be deemed an acceptance of the terms and conditions of the plan.

11.I understand that the Servicer will collect and record personal information, including, but not limited to, my name, address, telephone number, social security number, credit score, income, payment history, government monitoring information, and information about account balances and activity. I understand and consent to the disclosure of my personal information and the terms of Making Home Affordable Agreement by Servicer to (a) the U.S. Department of the Treasury;

(b) Fannie Mae and Freddie Mac in connection with their responsibilities under the Homeowner Affordability and Stability Plan; (c) any investor, insurer, guarantor or servicer that owns, insures, guarantees or services my first lien or subordinate lien (if applicable) mortgage loan(s); (d) companies that perform support services in conjunction with Making Home Affordable; and (e) any HUD certified housing counselor.

12.I will execute such other and further documents as may be reasonably necessary to either (i) consummate the terms and

conditions of this Plan or any final modification, short sale or deed-in-lieu of foreclosurethat I am offered; or (ii) correct the terms and conditions of this Plan or any final modification that I am offered if an error is discovered or the Servicer deems it reasonably necessary to comply with the terms of the Making Home Affordable Program or other program for which I may qualify.

Date:

BORROWER SIGNATURE

Date:

CO-BORROWER SIGNATURE

Tip. Use Form 4506T-EZ to order a 1040 series tax return transcript free of charge.

3Current name, address (including apt., room, or suite no.), city, state, and ZIP code

4Previous address shown on the last return filed if different from line 3

5If the transcript is to be mailed to a third party (such as a mortgage company), enter the third party’s name, address, and telephone number. The IRS has no control over what the third party does with the tax information.

Address (including apt., room, or suite no.), city, state, and ZIP code

6Year(s) requested. Enter the year(s) of the return transcript you are requesting (for example, “2008”). Most requests will be processed within 10 business days.

2008

Caution. If the transcript is being mailed to a third party, ensure that you have filled in line 6 before signing. Sign and date the form once you have filled in line 6. Completing these steps helps to protect your privacy.

Note. If the IRS is unable to locate a return that matches the taxpayer identity information provided above, or if IRS records indicate that the return has not been filed, the IRS may notify you or the third party that it was unable to locate a return, or that a return was not filed, whichever is applicable.

Signature of taxpayer(s). I declare that I am the taxpayer whose name is shown on either line 1a or 2a. If the request applies to a joint return, either husband or wife must sign. Note. For transcripts being sent to a third party, this form must be received within 120 days of signature date.