Loan Modification Forum - LoanSafe.org - View Single Post

river22 · 06-20-2009, 10:43 PM

***, Diana,Snapple& Zoey, Hi everyone. I havnt posted in a while but I have been following all your post. I have been fighting with Chase since March of 2008. I just received a fed ex package from Chase on wed June 17th 2009. The paperwok says Forbearance Plan Agreement They are asking me to return agreement with new finacials, hardship letter by 7/1/09. Payments of 6700.00 per month have went down to 5200.00 per month. They are not asking for any down payment. This letter does not clarify if taxes & insurance are included. Payments of $5200.00 per month starting July first for 3 months. The letter also states that after the final payment of the forbearance plan, regular payments will become due in addition to any delinquent payments, fees and or charges and if my account is not current once the forbearance period has ended, collection and or foreclosure activity will resume. prior to the conclusionof the forbearance plan, I am supposed to contact Chase for other work out options. This letter has been sent from the Homeowner's Assitance Department. What do you think about this ? Im not sure what to do now. The plan does not clarify if Chase will modify the loan after forbearance. Should I decline this offer? I will let you all know what my rep says on Monday.

Thank you.

06-20-2009, 10:43 PM	#29 (permalink)
river22 Senior Member Join Date: Nov 2008 Posts: 30 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: For My Family *, Diana,Snapple& Zoey, Hi everyone. I havnt posted in a while but I have been following all your post. I have been fighting with Chase since March of 2008. I just received a fed ex package from Chase on wed June 17th 2009. The paperwok says Forbearance Plan Agreement They are asking me to return agreement with new finacials, hardship letter by 7/1/09. Payments of 6700.00 per month have went down to 5200.00 per month. They are not asking for any down payment. This letter does not clarify if taxes & insurance are included. Payments of $5200.00 per month starting July first for 3 months. The letter also states that after the final payment of the forbearance plan, regular payments will become due in addition to any delinquent payments, fees and or charges and if my account is not current once the forbearance period has ended, collection and or foreclosure activity will resume. prior to the conclusionof the forbearance plan, I am supposed to contact Chase for other work out options. This letter has been sent from the Homeowner's Assitance Department.** What do you think about this ? Im not sure what to do now. The plan does not clarify if Chase will modify the loan after forbearance. Should I decline this offer? I will let you all know what my rep says on Monday. Thank you.