Chase Short Sale Cash Incentive. Was I defrauded?I recently finalized a short sale for a severely upside down distressed condo with 3 years of HOA arrears. I got a $35,000 incentive from Chase. However, my realtor told me the deal wouldn't close unless I put in $10,000 from my incentive to pay for the HOA arrears and back taxes. The realtor told me that Chase wouldn't pay more than X amount of HOA arrears and the buyer's would walk unless the arrears were paid. Basically what occured was at closing, they handed me $25,000 despite putting $35,000 on the HUD. They had me cash the $35,000 check at the bank and pay them the $10,000 in cash, while I kept the remaining $25,000 in cash. I was so happy to be done with the year long short sale process that I didn't care. Now that I think more about the tax consequences however, I'm a bit concerned about what happened. Was this some sort of fraud, or perfectly legal? August 22 2012 - Miami00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.