Hi v2tplan welcome and thank you for joining the forum.
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As for the second which is a home equity loan, does anyone have any success with trying to get any break or mod with Chase? I called Chase and all they were telling me was that if I was not delinquent there was nothing they could do. Is this correct??? Has anyone been able to get a successful settlement with them?
I am trying to see if I can get a loan mod with M&T Bank as well, but understand I may not be as successful since this is a rental property. Anyway, wish me luck!!! I will post progress as soon as I hear back from the LM team... |
Good idea contacting Barbara she is helping many here get thier process started in a timely and professional matter.
Chase is being a little more difficult when it comes to modifications but it is definetely possible. The first thing pretty much any lender will tell you is that you don't qualify since you are not behind, but over and over again homeowners are proving this statement wrong and achieving modifications while current. Trying to settle the loan for maybe 5-10% of what is owed is an excellent plan and worth a shot.
As far as m & T bank it will be very difficult to modify since it is an investment but it is possible.
Good luck and keep us posted!