My son is buying a short sale property that CHASE has a second lien. First they took three times as long as the primary to approve the loan. When his lender turned out to be a flake, he scrambled to find another lender, who whipped things together like magic. Chase then demanded signing in 3 days. Not possible. He asked for and was granted a 2 week extension. Now CHASE is demanding an additional $3000 as penalty and wants to delay for ANOTHER 2 weeks. Their "MANAGEMENT" hasn't even approved it. CHASE is dragging their feet and penalizing the seller AND the buyer, because a middle man dropped the ball. Tell me again how banks are anxious to unload property in a timely manner? Only if you pay their bribes and "penalties".
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