Here's a sample Chase Mortgage short sale approval/demand letter. Take a look at page 2 of the letter.
Please be aware that the completion of this transaction Is reported to the credit bureaus and may have an adverse affect on your credit rating. Proceeding with this transaction may also have implications on your state or federal tax liability; please consult a tax advisor for additional information.
There's no mention of deficiency judgement. Since I'm not an attorney, I won't elaborate but the attorney who reviewed it gave the green light. Remember to always have an attorney review your short sale letters. Here's the Chase Mortgage short sale approval/demand letter. I also have the Chase Affidavit of Arms Length Transaction addendum as well. I believe this is fifth Chase short sale that I have worked on. If your mortgage is with Chase and you are considering a short sale, give me a call for a free, private consultation.
Here's the required Affidavit of Arms Length Transaction.
Simon Hahn - Keller Williams Realty
Virginia, Maryland, Washington DC short sales specialist