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".
0 comments