Asked by Albert Lee, Germantown, TN • Tue May 24, 2011
Does your lender require your seller to sign SCRA Waver Form? I have an active file with Chase and quiet frankly, it has not been smooth from the day one. I am a SFR(Shortsale & Foreclosure Resource) certified by NAR and I have been doing shortsales over 2 years..
Lender is asking the seller to sign the form to move the file forward and also they are saying this does not remove his SCRA protection completely(don't understand this part at all). Seller has consulted legal counsel, and their suggestion was to isolate the waver to this one particular transaction ONLY. So far, Chase is not willing to do so. What do you think?
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