[Outddorsy1]

I have an property with roughly 10 k in equity between a first and equity line. Wa Mu (now Chase) holds the first. Chase hold the home equity line. My take and my monthly expenditures are even (no monthly surplus). The property is worth about 300K.

I became behind in my mortgage in 2008 until I aquired new employment. From that point throughout this year, I have hovered at 4 months behind. Not losing ground, not gaining. No active forclosure. Wern't these banks that relied upon taxpayer bailout supposed to extend it to foue months? Well they found a way out of that implication care of the trial loan modification program.

First Wa Mu lost my loan mod papers. That took four months for them to figure out. Then I was contacted by Wa/Mu becoming Chase in August and was told I should apply again on the phone. It was at this time I was introduced and approved for a trial modification. I was not in active forclosure at the time. I paid as agreed for two payments (6 weeks) while waiting for paperwork...which never arrived.

Although I entered this program at their suggestion, and paid as agreed, they used use the fact that lower payment was not a "full" payment, which tipped the mortgage beyond 4 months and kicked into active forclosure. Now I am told I don't qualify for a loan modification, and they want the full amount back due and laywers fees to boot now.

Don't take a temporary tril modification! It is just a hoax to get you in deeper and drive up more fees...plain and simple. If they offer to you, accept it but continue to make the full payment while they fumble around...they will use the program against you later on...trust me.

As Chase maintains a wall around this department, they have made it simply not possible to speak with the same person twice. No last names are given out. Employee three letter "numbers" are difficult to get them to offer, and phone exentions will nto be provided (the one I did get they claim they can't forward me to, go figure). Each call is a new person, a different take on the facts, a new explaination of why I owe more now after accepting thier trial loan mod suggestion.

I did get a few of them to admit the temp loan mod papers where never forwarded to the note holder, hence the underlying move for forclosure (the payment is held in suspension and the note holder was not notified). The new WaMu / Chase organization is simply too large, one hand does not know what the other is doing, and it appears to be purposely set up that way. They are simply using this trial loan mod program to put the sqeeze onto those that are teatering. It is not Help for Homeowners...it really is about how can we trip them up more and be done with this loan...no doubt about it.

I am told to now wait while they see if other options are avaiable. If do not work with me, I will site on the property, live rent free, and suck every drop of equity out of it, and stretch it out as long as possible care of some cheap family laywer services. For a mere 6k behind, they risk losing roughly 30-35 k in a forclosure to chase 10 k in equity the property holds. Whoever is crunching the numbers over there is clearly clueless. I am gainully employed and with expecption of 18 month blip, have mantained great credit.

Again, don't fall for the trial loan modification, it is simply a trap to get you into active forclosure. A few of the callers may seem nice, but in the end there seems to be the guys behind the scenes with other plans.