Chase just approved our Partial Claim

Tom, I'm not positive about your "partial claim," but from my understanding, your loan probably has a PMI (Private Mortgage Insurance) that you're paying because when you took out the loan, it was more than 80% LTV. When a borrower is in default, your Lender can ask the PMI to contribute a sum of money to the Lender in order to bring the loan current and avoid foreclosure. In the event that foreclosure does take place, then your Lender would make its claim on the PMI insurer for any losses incurred. That's why the PMI insurer has an interets in kicking up a couple of dollars to help keep you out of foreclosure. Anything paid is usually placed as a second lien or mortgage on the property to be paid back if/when the property is sold. Hope this is helpful.
Dennis

i have question ? my parents have house in new york and couldnt do the mort.payment from last 3 months the mortage is from chase what can we do ? does this plan can help us?

Would like to do a partial claim
how do I apply?Income has changed trying to keep up .Need Help

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My mortgage with Chase is 30 year fixed with $170,000 balance owed. My house is now worth less than $120,000 and my income has dropped due to layoff - I have been paying the mortgage from savings but am almost wiped out. I applied for loan mod from them and am waiting to hear, but cannot make any more payments. If I let them foreclose can they come after me for the difference? Also, is there any way to trade properties with a foreclosure they might have for sale?

My husband and I are 4 months behind on our mortgage with Chase. We applied for a modification but we were declined because we have a VA loan. The Goverment requires us to make 12 full months of payments before we can be eligible for a loan modifcation. The bank asked that we go with a forbearance and pay 1467.00 for the next 3 months. Then they would consider a modification bringing our payments down to about 911.00/month. My husband and I pay 400 dollars less then 1467.00 as it is with our regular loan payment and we cannot afford that, how can we make the 1467.00 for the next three months? My job loss really hit us hard and we are at a loss. I have been trying to call Chase and talk to the lady handling the case but she is never avaliable, when I try to leave her messages her mailbox is full. They did not even send us a letter about the modification being declined I had to call them day after day after day. It took them almost 5 months to tell me that the VA requires 12 full months after the preapproved loan modification went through. I don't understand why they could not tell me this from day one of the modification proceddings. They also refused payment during the process so my husband and I are behind by 5 months now. I need help trying to avoid forclosure and make the 1467.00, but no one at the bank is reachable. I try everyday to reach the lady handling this case and the others there tell me she is the only one that can speak to me about it. So day after day I try. Please let me know if there is anything else my husband and I can do......

my husband and i have both been unemployed for at least 6 months, i have been current on our house payment although they raised it $1000.00 i have nothing more that i can sell our house is not worth anything anymore, i started 5 months ago with the loan modification process, once they shredded all my paperwork because they couldn't find all the papers. Then they sent it to another dept and once again lost it, now i have been turned down because being unemployed is not a hardship. why is it that they want us to fail i call once wk to see if they will help but they say there is nothing they can do....why wouldn't they want at least partial payments then no payment at all

Just got a forclosure summons even though we have a reciept from chase with the payment that brought us current. How is this possible?????