If you have a mortgage thats underwater and Chase holds
the note, be on the look out for the loan to be
sold to Ocwen or another servicer. November 1st is the
date slotted for Chase to unload….so….if you
are late on payments there is a very good chance the new
servicer will start foreclosure process pretty
quickly. If you live in California, there was some great news last week for homeowners that do a Short
Sale. IRS has stated they will not seek tax deficiency on Short Sales, and the IRS has no expiration date
on this!
Give us a call if you have any questions, there are so many alternatives to avoid a foreclosure.
