I’m very happy to say we got a record sort sale approval on an Acton, MA Short Sale with the help of Keller Williams Listing agent Keith Shaw.  He sold a property on

Acton, MA Short Sale

Great Rd. that we negotiated in approx 31 days from submission of the file to approval.  I believe this is the result of the new Chase announcement where they want to truly streamline their short sale process:


In an attempt to help more consumers who are facing foreclosure, Chase has streamlined their requirements in order to expedite their short sale process.  I will cover the basics on the process and timeline in this post. Chase will let you start the short sale process prior to having an offer on your property. However, in order to start the process, you have to show a legitimate financial hardship; meaning your financial picture has changed since you have taken out the loan.


Here are examples of what most lenders and investors accept as hardships:

Hardships that Qualify for a Short Sale:

  1. Loss of employment
  2. Business Failure
  3. Damage to the property (could have been under insured)
  4. Death of a Spouse or wage earner
  5. Death of a non-wage earner. For example, a family member who was watching the seller’s children and now the seller has to pay to put the children in child care; or they were a financial contributor even though they weren’t on mortgage.
  6. Severe illness
  7. Inheritance (inherited an underwater property, cannot pay taxes etc…)
  8. Relocation
  9. Divorce
  10. Military Service
  11. Payment increase or mortgage adjustment
  12. Insurance or tax increase
  13. Legal separation
  14. Too much debt vs income
  15. Incarceration
  16. Combination of above

These are all pretty self-explanatory but you need to remember that, whatever the hardship, it has to be documented and provable. If there is an income change, you will need to document it to the lender via pay stubs and tax returns; if it is an illness, you will have to provide medical records; divorce – you have to show the divorce decree. Regardless of the hardship, the more information you provide to support the claim the easier it is to show the bank there is a true hardship.

The very first step in the short sale process with Chase is to gather all of the documents needed for the short sale package. You can go directly to their website to download the package and get information on what you need. You can get it here:


We were grateful for all of Keith’s help and of course Julie Baker in the SSM office is always a rock start with Grunale Law!

Keith Shaw Keller Williams Short Sale Agent

Great job guys.

Another short sale closed in Massachusetts!

The Short Sale CLOSERS!

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