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caldwellb02 · 07-31-2009, 06:01 PM

Denied today. I had stated the main reason for my request was my son was on the loan and his income has gone way down and expenses up. they said my son wasn't on the loan. I reminded them, and faxed them the paperwork, that proved my son is on the loan.

I have stopped my automatic mortgage payments.

I have written my congressman, senators, and the President.

I will decide on August 15th whether or not to go into default.

My question: what happens? What can I expect once I go into default? How long do you think I have (I live in CA)?

I am also thinking of bankruptcy to wipe out the credit card bills I've been racking up trying to keep this loan current. Why not?

Any advice out there? I am thoroughly disgusted with Chase. And by the way, why is it so hard to get into this forum these days?

07-31-2009, 06:01 PM	#41 (permalink)
caldwellb02 Senior Member Join Date: Nov 2008 Location: Northern CA Posts: 1,783 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase/Wamu and Deutsche Bank Denied today. I had stated the main reason for my request was my son was on the loan and his income has gone way down and expenses up. they said my son wasn't on the loan. I reminded them, and faxed them the paperwork, that proved my son is on the loan. I have stopped my automatic mortgage payments. I have written my congressman, senators, and the President. I will decide on August 15th whether or not to go into default. My question: what happens? What can I expect once I go into default? How long do you think I have (I live in CA)? I am also thinking of bankruptcy to wipe out the credit card bills I've been racking up trying to keep this loan current. Why not? Any advice out there? I am thoroughly disgusted with Chase. And by the way, why is it so hard to get into this forum these days?