Loan Modification Forum - LoanSafe.org - View Single Post - What do we know about the: CHASE 3 MONTH TRAIL PAYMENT OFFER?

JoannaOregon · 05-26-2009, 01:34 PM

Hello:

Sounds like many folks have received a "3 month trial payment" offer from Chase. Some are told they are related to the Obama Plan and some are told they are a 3 months forbearance with the hopes of a loan modification once all 3 trial payments are made.

Some peoples payments seem to be lower than the original payment and some are higher.

Some are saying they are being offered 2% for 5 years and 2% for 40 years after the trial payments.

Has anyone actually made all 3 payments yet? If so, what happened once you did?

We are just paying month 2 of our 3 trial payments.

Also - is there a difference between the "Obama Plan" and the "Making Homes Affordable - MHA" scenerio?

Thank you!

05-26-2009, 01:34 PM	#1 (permalink)
JoannaOregon Senior Member Join Date: Jan 2009 Posts: 49 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	What do we know about the: CHASE 3 MONTH TRAIL PAYMENT OFFER? Hello: Sounds like many folks have received a "3 month trial payment" offer from Chase. Some are told they are related to the Obama Plan and some are told they are a 3 months forbearance with the hopes of a loan modification once all 3 trial payments are made. Some peoples payments seem to be lower than the original payment and some are higher. Some are saying they are being offered 2% for 5 years and 2% for 40 years after the trial payments. Has anyone actually made all 3 payments yet? If so, what happened once you did? We are just paying month 2 of our 3 trial payments. Also - is there a difference between the "Obama Plan" and the "Making Homes Affordable - MHA" scenerio? Thank you!