Loan Modification Forum - LoanSafe.org - View Single Post - Chase mod

rollertom · 02-25-2009, 05:01 PM

I called Chase last week to see about a mod. (Chase took over my loan from PMC)
Currently:
Paid: $273,500 Built and moved in Sept. 2008
Owe: $269,000 @ 6.75% fixed = P&I, MI Escrow $2270 Per month
Made 4 payments so far.
Total income in per month: $4800 Dropped from $5800 when wife's hours got cut in December.
Our total bills per month including 2 Car loand payments, Credit cards, utilities NOT including food and clothing comes out to be aprox. $4555 per month.

I am able to make payments but we have NOTHING extra and no savings left and I am selling things on eBay to get extra money for extra food etc.

I figured I would call now before we would fall behind so last week I called and did a pre-qualify over the phone and was told that he was sending a workout packet out. I did not receive anything as of yet so I just called tonight and they said that there was no record of him taking my info so he did it again. This time he said there is nothing else I need to do and a analyst will be asigned within 72 hours to the case and I should wait and call back in 45 days to see if they can do a workout and that if the analyst needed any other information they would call me.
Does this sound correct? After reading posts on here I see that people are submitting paperwork and all sorts of account info?

I have SO many numbers I have received from Chase so far:
800-446-8939
866-550-5705
800-848-9380
800-848-9117
800-446-8939 Which is the # to get a update from... I think..

I am not sure what to take of all of this so far... Does it all sound correct or am I missing something?

Thanks for any info.

02-25-2009, 05:01 PM	#8 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Chase mod - Story so far I called Chase last week to see about a mod. (Chase took over my loan from PMC) Currently: Paid: $273,500 Built and moved in Sept. 2008 Owe: $269,000 @ 6.75% fixed = P&I, MI Escrow $2270 Per month Made 4 payments so far. Total income in per month: $4800 Dropped from $5800 when wife's hours got cut in December. Our total bills per month including 2 Car loand payments, Credit cards, utilities NOT including food and clothing comes out to be aprox. $4555 per month. I am able to make payments but we have NOTHING extra and no savings left and I am selling things on eBay to get extra money for extra food etc. I figured I would call now before we would fall behind so last week I called and did a pre-qualify over the phone and was told that he was sending a workout packet out. I did not receive anything as of yet so I just called tonight and they said that there was no record of him taking my info so he did it again. This time he said there is nothing else I need to do and a analyst will be asigned within 72 hours to the case and I should wait and call back in 45 days to see if they can do a workout and that if the analyst needed any other information they would call me. Does this sound correct? After reading posts on here I see that people are submitting paperwork and all sorts of account info? I have SO many numbers I have received from Chase so far: 800-446-8939 866-550-5705 800-848-9380 800-848-9117 800-446-8939 Which is the # to get a update from... I think.. I am not sure what to take of all of this so far... Does it all sound correct or am I missing something? Thanks for any info.