JP Morgan Chase Bank Has Made Some Changes

Posted on Jun 14, 2011 by Trent Chapman

JP Morgan Chase Bank, who also services loans that were previously owned by Washington Mutual (WAMU) and EMC Mortgage, has been testing some new programs since early 2011 by offering an incentive to some of their borrowers who are in default. These ‘incentives’ have come by way of a letter offering the borrower $20K-$40K to short sale their home. Granted, these offers are not made to all Chase Bank Mortgage holders, but specifically to those in areas where home prices are still >$300K.