Comments on: JPMorgan Chase Announces $110 Billion Loan Modification Program

By: rob yaeger

rob yaeger — Tue, 02 Mar 2010 17:36:03 +0000

I also have been trying for the modification since 9/09, they have all my info. and is in underwriting – 10/09…..12/16 I get a letter that they do not have all info….I fax again, back in underwriting. I call every week, now today I finally spoke with a superviser, my modification has never been in underwriting!!!! And guess what, they want more information this week because they did not recieve it when I sent the same fucking shit in the second time in december/january when I was told they had everything again!!!W.T.F.!? Just walk away, just walk away, there is too much wrong for me to stay….just walk away.

By: Z Burkett

Z Burkett — Fri, 12 Feb 2010 04:12:55 +0000

I feel your pain, all of you. I was fortunate enough to find a company that is legitimate. Now I know that the banks the news and government say we shouldn’t go to any company that charges, that the banks will modify your loans for free. Well, how many of us on here have had our loans modified by the banks? A lot have lost their homes, and lot more still will unless you do what’s necessary to save your homes from the banks. I went through what most of you have, I was there. Then I was referred to Corey Lassiter of Clear Image Financial Group. They saved my home. I know I would have lost it if it wasn’t for him, Tasha, Denise and the rest of the people who work there. Got me caught up on my mortgage 1st & 2nd, lowered my interest rate & payment, and secured me a 50k principle reduction. Before anyone else on here loses their homes you need to give them a call 877-940-1477 ext 231. Corey Lassiter. Don’t be afraid of hiring a loan modification company, be afraid of the banks, they are the ones who are taking our homes! I know they get the job done. News and TV made me afraid to even consider a loan modification company because they are all scams and my lender will do it for free (wrong). There hasn’t been not one story about a good company and when I tried to contact my local news channel they told me that my success story wasn’t news (What!) So, I am making it my mission to spread the word on this GREAT company!

By: Gayle

Gayle — Fri, 12 Feb 2010 02:13:40 +0000

I thought I was nutz so I am actually glad to see that there are so many other people out there having the same problems that I am having with Chase. I first started out by giving Chase $30,000 cashiers check to bring our loan almost current. Then we went through the loan modification program. For 15 months we have been paying regularly monthly payments and have finally received the loan modification. HOWEVER, they do not know where the $50,000 or so that we have paid in went to. Someone said something about a suspension account. Chase is saying they have not received a payment from us since November 2008. I was also told I could not make phone payments. I have all cashiers checks and all overnight mail receipts. Also the receipt for the $30,000 cashiers check. So, now what do I do????

By: Kay

Kay — Mon, 25 Jan 2010 23:18:10 +0000

I have been working with WAMU Chase since April of 2008 when I lost my job. I just finished a 6 month Forebearance and sent them 2 extra payments on top of it. They have now closed my file for the second time as they want verification from the White House or State that unemployment will be extended , but that it is not considered income. As I am 61 and can’t seem to get a job as now I am being told companies won’t even talk to me cause I have been unemployed too long.
What a World we live in, We the tax payers bail out Chase and other Big Banks and what do they say to us when we need some kind of help. Well that would be NO!!!!!!!!
I don’t think the Goverment really Gives a Hoot about the Little Guy do you President Obama?????????
What will you do with all the Homeless people that this is putting out on the streets. I feel for the people of Haiti but why don’t you help your own first!!!!!!!

By: robin

robin — Thu, 17 Dec 2009 15:01:46 +0000

Chase was our mortgage company and then they sold the loan to EMC which is still under the same umbrella. However, on Nov 20th, 2009 EMC foreclosed on the property and I found out that the state I live in is a redemption state. I live in VA and I want to get my house back! However, some REO asset company is involved and they have sent a realtor from Prudential to offer me money to get out. When I told him we wanted to redeem the property he is now acting as if we don’t have that right, which I know is a lie. If anyone knows anything about how we can get our home back please comment.

By: Carl

Carl — Thu, 17 Dec 2009 03:26:22 +0000

Sorry to read all of you guys claming for help. Like you, I had 6 loans with Washington Mutual now CHASE. I lost all of my properties waiting for CHASE help. Don’w waste your time and energy. If you want to save something, save your credit….make a short sale, period. The bank will foreclose anyway.

Good luck to you.

By: mike

mike — Wed, 16 Dec 2009 17:56:55 +0000

I have been trying to modify my home loan since June 2009
it is now Dec 2009. It has been a stressful and frustrating experience to say the least. We have submitted documentation half a dozen times. We are not able to refinance, since our home’s worth is less than what we owe . Every time I call to get an update I get the run around by insensitive, rude operators that want to get off the phone. We can not allow Chase to run us to the ground financially by exhausting what little we have in our savings, which I can see them trying to do. We are fighting not humans but a Greedy Business Monster without compassion or regard for humans.

By: Jason

Jason — Wed, 09 Dec 2009 02:49:06 +0000

I am a previous WAMU customer whose loan was assumed by Chase after the merger. I have been trying to get my loan modified since November of 2008. I called WAMU and let them now that I was going to start having problems making my payments. I was able to keep up with my payments until April of this year. I have sent my paperwork in 9 times in the past 13 months with no conclusion. I can’t ever speak to the person who is working my file. The only people who call me are looking for payment they are in collections and have no ability to help with the loan mod process. Now I have received notice that my home is supposedly to be sold on the steps of the local courthouse come the 29th of this month. It is absolutely frustrating my wife and I both have jobs it’s just our income has changed. I think what needs to happen is the banks have to show that they have a certain percentage of their loans adjusted or they get cut off from the TARP money! The breaking point of money is 2% meaning the banks don’t make any money on the loan but they also don’t lose any money. Why can’t they just modify these loans at the before mentioned rate and have them slowly adjust higher to 4% after 5 years. It’s pretty simple math but, the banks don’t care and won’t care until the administration yanks their purse strings.

By: Susan

Susan — Thu, 03 Dec 2009 18:43:26 +0000

CHASE is the worst ever for loan modifications. What a waste of time, to be declined after I chased it around for 2 1/2 months. I faxed the CEO Jamie Dimon a letter and that also got no response. This is ridiculous. I have called the executive offices an done everything I was supposed to. Good Luck to anyone who tries this process, the government should be looking into this scam that Chase has going.

By: scott wagner

scott wagner — Tue, 24 Nov 2009 19:08:19 +0000

I started my modification January 2009 today is november 24 . Chase let me know that they think I am able to make my payments with no problem. I was injured last december and was out of work for 6 months. My business is painting new consrtuction homes . With the housing market crashing most of my business is gone . My wife is a real estsate agent . I was sold a no doc loan, interst only, arm. I fell behind a few months but have been doing my best to keep making payments. Chase and our government have no real intention of helping anybody . I cannot even refinance this loan because my income is down. Obama claims that this remod program was going to help people in need . That was a lie !!! Now I have no other options . The only people that the government and chase are going to help are themselves . Shame on chase for selling these loans .Shame on the government to fund such a company .Tarp funds what a joke. If you are trying to remod your loan dont waste your time. I spent many many hours working on this . It was all for nothing.