We're committed to helping you keep your home. However, if you believe that you'll continue having trouble paying your mortgage, selling the home for less than you owe or releasing your property may be right for you.
Selling the home for less than you owe
This option allows you to sell the home and pay off a portion of your principal balance when you owe more money on your mortgage loan than the home is worth.
The benefit to the option is that it allows you to move out of the home and avoid foreclosure. In some cases, relocation assistance may be available.
Releasing your property to Chase
If you're having trouble making your mortgage payments and are unable to sell the home, you may still be able to avoid foreclosure and make a fresh start by releasing your property.
You may be able to transfer the ownership of your property to us if this is a first mortgage loan.
This option allows you to move out of the home without going through foreclosure. In some cases relocation assistance may be available. This is useful when there are no other liens on your property.