Short Sale | Eligibility Guidelines | Mortgage Assistance | Home Lending | Chase.com
Short sale - selling the home for less than you owe
How will this impact your current loan?
Payments end upon the sale of your property
The loan will be terminated and payments end upon sale of your property.
Loan term (length)
Life of loan cost
Depending on the investor/insurer’s rules, part of the shortfall may need to be paid. Consult your tax professional to discuss any impact to tax liability.