Comments on: Is Chase the True Leader of Loan Modifications and Loss Mitigation for Homeowners? http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Wed, 28 Mar 2012 18:33:33 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Kathy http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-15084 Kathy Sun, 07 Jun 2009 03:59:29 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-15084 I am also having a slow process with a modification I am not past due but I have ARM that will change in July I started this process in December 08 the lender tells me there are other people worse off than you ok well I can say that I will be one of those people when my rate goes higher and I can not afford the pymt we struggle to make the payment now. can I get the contact info for Gayle Glazer she said she worked for a national homeowner advocacy group I would very much like to talk to her I am so frustrated I am also having a slow process with a modification I am not past due but I have ARM that will change in July I started this process in December 08 the lender tells me there are other people worse off than you ok well I can say that I will be one of those people when my rate goes higher and I can not afford the pymt we struggle to make the payment now. can I get the contact info for Gayle Glazer she said she worked for a national homeowner advocacy group I would very much like to talk to her I am so frustrated

]]> By: GATORBAIT http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8183 GATORBAIT Tue, 17 Jun 2008 22:23:42 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8183 Let's hope that chase will be the same with the bear sterns loans that will need to be modified.. Let’s hope that chase will be the same with the bear sterns loans that will need to be modified..

]]> By: Arthur http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8184 Arthur Tue, 17 Jun 2008 22:01:40 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8184 Here is my SUCCESS story with Chase. I applied for a mod in December ‘07 and they lost my file. I had to do it again in January. Then, after two months and calling weekly it was “at the underwriters.” After two more months and weekly calling I was being put on a priority list because so much time went by. Finally, a week ago I was successful. I heard I had been approved and the people on the phone really couldn’t tell me what the terms were. Today I got a simple letter: Your old rate of 8.69% (this was the arm it really started at 6.7% for 2 years) has been modified at the fixed rate of 5.375% for the balance of the loan. HOLY CRAP!!! I can keep my house and actually got a GREAT rate to boot! I hope everyone stays with it and can keep their homes. FYI I was falling behind in my payments more and more over the course of this process. I never got 30 days behind, but I was close. Thank you CHASE!! Here is my SUCCESS story with Chase. I applied for a mod in December ‘07 and they lost my file. I had to do it again in January. Then, after two months and calling weekly it was “at the underwriters.” After two more months and weekly calling I was being put on a priority list because so much time went by. Finally, a week ago I was successful. I heard I had been approved and the people on the phone really couldn’t tell me what the terms were. Today I got a simple letter:

Your old rate of 8.69% (this was the arm it really started at 6.7% for 2 years) has been modified at the fixed rate of 5.375% for the balance of the loan.

HOLY CRAP!!! I can keep my house and actually got a GREAT rate to boot!

I hope everyone stays with it and can keep their homes.

FYI I was falling behind in my payments more and more over the course of this process. I never got 30 days behind, but I was close.

Thank you CHASE!!

]]> By: Vallejo guy http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8188 Vallejo guy Wed, 04 Jun 2008 15:39:45 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8188 My adjustable rate of 5% ended May, 2007. Around mid-June (also in 2007), I started getting phone calls from the loss mitigation department checking whether I will be able to pay the new amount & I told them no & the guy I was talking to had me do the hardship letters & fax over all sorts of financial information. In the end, the only modification they did to the new 8% rate was make it a fixed rate at 8% & add principal payments which actually increased my monthly payments. What they did was they added my parents income to my income when the property was only under my name. I made it clear that my parents were only renting but that didn't matter. To me, it seemed their way of being proactive was just their way of showing or pretending they careed. But the end result? It's a joke! I will try one more time to get a modification. If it doesn't work out then I will just walk away. My adjustable rate of 5% ended May, 2007. Around mid-June (also in 2007), I started getting phone calls from the loss mitigation department checking whether I will be able to pay the new amount & I told them no & the guy I was talking to had me do the hardship letters & fax over all sorts of financial information. In the end, the only modification they did to the new 8% rate was make it a fixed rate at 8% & add principal payments which actually increased my monthly payments. What they did was they added my parents income to my income when the property was only under my name. I made it clear that my parents were only renting but that didn’t matter.
To me, it seemed their way of being proactive was just their way of showing or pretending they careed. But the end result? It’s a joke! I will try one more time to get a modification. If it doesn’t work out then I will just walk away.

]]> By: KATIANA CADENA http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8187 KATIANA CADENA Thu, 29 May 2008 02:11:55 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8187 I think Chase is not trying to help the homeowner at all. Is the worse experience that I had in my life. I started my loan modification on November of 2007, since that time I been calling Chase every other day. On March, 2008 I called and they told me that they lost my file (all the people over there treat me very bad finally one told me to send my keys by mail). I submitted my aplication again and on April they approved at 8% interested rate which is not really a modification my original rate was 5.99% when I bought my house and I passed for 2 adjustments. I tried to re-apply again but when I started the new process they sent me a letter that I didn't qualify. I called after I received the letter and they told If I don't get that option Chase is going to increase my rate again, and to put my house in short sale or sent my keys by mail. I never had the intention to put my house in short sale or going in to foreclosure. Last year I spent all my savings in my house, I sent all my payments on time but they didn't care at all. I think Chase is not trying to help the homeowner at all. Is the worse experience that I had in my life. I started my loan modification on November of 2007, since that time I been calling Chase every other day.
On March, 2008 I called and they told me that they lost my file (all the people over there treat me very bad finally one told me to send my keys by mail). I submitted my aplication again and on April they approved at 8% interested rate which is not really a modification my original rate was 5.99% when I bought my house and I passed for 2 adjustments.
I tried to re-apply again but when I started the new process they sent me a letter that I didn’t qualify. I called after I received the letter and they told If I don’t get that option Chase is going to increase my rate again, and to put my house in short sale or sent my keys by mail.
I never had the intention to put my house in short sale or going in to foreclosure. Last year I spent all my savings in my house, I sent all my payments on time but they didn’t care at all.

]]> By: ;V http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8185 ;V Fri, 09 May 2008 00:48:44 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8185 I hear all of you. I have been sending paperwork to everyone one at the san diego office and this has been going on since january. the title company just sent me a note that they are going to auction my home in 15 days and now chase tells me i need to send in paperwork again. this will be the 6th attempt to get the modification even looked at. i do not know what to do. i guess the guy up there says it took him 3 months, well i am almost there but.....my house is in foreclosure. I hear all of you. I have been sending paperwork to everyone one at the san diego office and this has been going on since january. the title company just sent me a note that they are going to auction my home in 15 days and now chase tells me i need to send in paperwork again. this will be the 6th attempt to get the modification even looked at. i do not know what to do. i guess the guy up there says it took him 3 months, well i am almost there but…..my house is in foreclosure.

]]> By: chuck http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8186 chuck Thu, 01 May 2008 12:35:29 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8186 I have been working with Chase for about 3 months on a Loan mod. and can't say a bad thing about them. They have been friendly, polite and very reassuring. These people truly seem to care and understand our situation. When I get as busy as they are I can be a real jerk. They have never once made me feel like I was annoying them by calling to check the status of the mod. or with questions that they probably have to answer 200 times a day. My mod was approved yesterday and paers were sent fed ex. I have not received them and dont know the terms of the workout, but even if they are not what I want, I certainly can't complain about the service. I have been working with Chase for about 3 months on a Loan mod. and can’t say a bad thing about them. They have been friendly, polite and very reassuring. These people truly seem to care and understand our situation. When I get as busy as they are I can be a real jerk. They have never once made me feel like I was annoying them by calling to check the status of the mod. or with questions that they probably have to answer 200 times a day. My mod was approved yesterday and paers were sent fed ex. I have not received them and dont know the terms of the workout, but even if they are not what I want, I certainly can’t complain about the service.

]]> By: Moe Bedard http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8181 Moe Bedard Tue, 22 Apr 2008 00:49:08 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8181 call them twice a week until they modify your loan or else you will get lost in the system. call them twice a week until they modify your loan or else you will get lost in the system.

]]> By: lou http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8182 lou Mon, 21 Apr 2008 19:22:53 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8182 i sent in my paperwork about three weeks ago and havent heard anything yet what do i do?should i call or just wait? i sent in my paperwork about three weeks ago and havent heard anything yet what do i do?should i call or just wait?

]]> By: patrick http://loanworkout.org/2007/12/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8180 patrick Thu, 06 Mar 2008 04:21:31 +0000 http://loanworkout.org/2007/12/01/is-chase-the-true-leader-of-loan-modifications-and-loss-mitigation-for-homeowners/#comment-8180 I have a hard time dealing with chase as well. My wife is sick and have not been working for 6 months now. I have been paying my mortgage on time for 2 years now. But having one income in the family is so difficult. I called and they won't help me. Please email me back and give advise. Thanks limoquote1@hotmail.com I have a hard time dealing with chase as well. My wife is sick and have not been working for 6 months now. I have been paying my mortgage on time for 2 years now. But having one income in the family is so difficult. I called and they won’t help me. Please email me back and give advise. Thanks limoquote1@hotmail.com

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