CHASE FORECLOSURE

How The Game is Won.

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INVESTOR RELIEF  COVID-19

 

FOR YOUR CORPORATION

  • Emergency Economic Injury Disaster Loan (EIDL) Grants (Section. 1110)

Businesses with 500 employees or fewer, including sole proprietors, independent contractors, and cooperatives are eligible for Economic Injury Disaster Loans (EIDL) during the covered period of January 31st to December 31, 2020 in response to COVID-19. 

Documents/info suggested having ready when completing the application:

- 2018 or 2019 Tax Returns For Your Corpoation LLC, S-Corp, C-Corp, etc. 

-Incorporation Dates

-EIN Number

The business must show hardship due to the Coronavirus.

The Economic Injury Disaster Loans are available for up to $2 million dollars for businesses.

During the covered period, SBA can determine loan eligibility based solely on the applicant's credit score or use of an alternative appropriate method for determining an applicant’s ability to repay.

The SBA must waive any personal guarantee on loan advances or loans under $200,000.

The legislation provides $10 billion in funding to provide an emergency advance of up to$10,000, which is forgivable debt, to small businesses within 3 days of the business applying for the Economic Injury Disaster Loan (EIDL).

Economic Injury Disaster Loans may be used for the following:

  • Paid sick leave to employees impacted by Coronavirus
  • Payroll
  • Rent/Mortgage Payments
  • Debt obligations due to loss revenues
  • Increased costs due to chain supply disruptions and materials.
  • Click Here For EIDL Loan Application 

 

FOR YOUR CORP. OR PERSONAL

Housing 

If you will have issues making mortgage payments check to see if your mortgage is owned by these agencies.

Mortgage Forbearance - Borrowers of government-backed mortgages ((Fannie Mae, Freddie Mac, HUD, VA and USDA) can request up to 360-day payment forbearance without proof of hardship. No additional fees, interest, or penalties can be assessed for the forbearance. Except for abandoned or vacant property, there may be no foreclosure actions for 60 days from 3/18/2020.

FANNIE MAE

1-800-2FANNIE (8am to 8pm EST)
KnowYourOptions.com/loanlookup ›

If you mortgage is owned by Fannie Mae, visit Know Your Options to learn more about foreclosure assistance options.

FREDDIE MAC

1-800-FREDDIE (8am to 8pm EST)
FreddieMac.com/mymortgage ›

If your mortgage is owned by Freddie Mac, visit My Home to learn more about foreclosure assistance options.

*Disclaimer - Chase Real Estate, LLC is not offering tax or financial advice. We act in a real estate brokerage capacity only. These suggestions are not meant to replace legal or financial advice from professionals.

EIDL LOAN INSTRUCTIONS (YouTube)

Click Here

 

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How The Game is Won.

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1234 N. Main Street
Anywhere, IL 60540

PURCHASED FOR: $129,000
SOLD FOR: $145,000
SPREAD: $16,000

Click on the Realtor.com button below for all photos and public records about this property. Scroll to the Property History section to view prices and dates for purchase, list, and closing details.

What is a Hit or a Miss? A Hit is when our ARV (After Rehab Value) was within 3% of the actual sales price.

View Propery on Realtor.com 

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hm-sample

1234 N. Main Street
Anywhere, IL 60540

PURCHASED FOR: $129,000
SOLD FOR: $145,000
SPREAD: $16,000

Click on the Realtor.com button below for all photos and public records about this property. Scroll to the Property History section to view prices and dates for purchase, list, and closing details.

What is a Hit or a Miss? A Hit is when our ARV (After Rehab Value) was within 3% of the actual sales price.

View Propery on Realtor.com 

Submitting a Offer is as Easy as 1,2,3

  • Step 1: Click here to add property link to form. Page will reload…
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  • MM slash DD slash YYYY
  • Max. file size: 256 MB.
    We will need this to present an offer. Make sure approval letters are within the last 90 days. If using proof of funds you can black-out the account numbers.