Loan Modification Forum - LoanSafe.org - View Single Post - Home Affordable Modification on 40 yr mortgage and navigating Chase

deniseb · 03-17-2009, 09:35 PM

antel - I agree with Aerth, just keep calling. I finally called the exec team. I'm not sure if that is what made the difference or not, but things did speed up after that.

I was told that the terms "may change" but my analyst said she didn't think anything would. My deal still had to be approved by the investor.

My loan grew... missed payments and negative escrow balance rolled into the loan, and the length will be 32 years from June 09, but I'm happy to be out of that crappy adjustable interest only loan. I would never have been able to refinance. My home value is decreasing as I type. I just got a zilllow alert to tell me my value decrease by another 5% this month. Incredible!

Hang in there everyone! I'm confident things will begin to speed up now that the banks will have a financial incentive. It's all about the money!

03-17-2009, 09:35 PM	#9 (permalink)
deniseb Senior Member Join Date: Oct 2008 Posts: 72 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Home Affordable Modification on 40 yr mortgage and navigating Chase antel - I agree with Aerth, just keep calling. I finally called the exec team. I'm not sure if that is what made the difference or not, but things did speed up after that. I was told that the terms "may change" but my analyst said she didn't think anything would. My deal still had to be approved by the investor. My loan grew... missed payments and negative escrow balance rolled into the loan, and the length will be 32 years from June 09, but I'm happy to be out of that crappy adjustable interest only loan. I would never have been able to refinance. My home value is decreasing as I type. I just got a zilllow alert to tell me my value decrease by another 5% this month. Incredible! Hang in there everyone! I'm confident things will begin to speed up now that the banks will have a financial incentive. It's all about the money!