Chase won't help with loan modification
August 26, 2010
I am currently two months behind on my mortgage payment through Chase. The bank refuses to refinance or do loan modification to help us out. This has been an issue for us for quite some time. Chase will defer payments, but it does not seem to help. My health was what happened this time, diabetic & congestive heart failure. Medications and doctor bills are in the way now. My wife had talked to the bank yesterday and they said that they are looking toward foreclosure.
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Comments
Chase entered into a Modification Agreement with me back in 2008. I made my payments per the agreement but they never updated their computer to adjust my new payment so my very first payment and every payment thereafter were viewed as partial payments. They eventually foreclosed on my house. I have spoken to numerous reps for Chase who have confirmed that the payments were made. I've been told to submit a Second Modification Agreement application. I was asked by a Chase rep "why would you even want to enter into another agreement with Chase, they WON'T get the figures right" To make a long story short, they screwed up my first Agreement and refused to enter into a second agreement because "I make too much money" and I should've have defaulted on my first Agreement (though I didn't). Now I'm looking at losing my house. I was also told that Chase will make more money by putting my house into foreclosure because the note that they bought from another lender brings in very minimal amount of money for them. Now I will be forced to hire and attorney and contact the Attorney General's office, which I doubt will get me very far. I may lose my house, but I hope to help anyone else in the future going through this same thing against a big corporate company.
to gary from your post in august 2010 did chase ever give you a reason as to why you were denied.
i am dealing with this crap too
i am dealing with this crap too






