Loan Modification Forum - LoanSafe.org - View Single Post - Modification? Forebearance? I'll Flip a Coin!

snapple candy · 06-27-2009, 06:26 AM

Calli...Yeah I "should" get the signed contract back but that is a big should considering the guy said those signatures on hold. I got the impression that their issues with the language in the contract. Whether its Chases attorneys figuring out language that is or is not in their favor or TARP people pointing out they are doing something wrong, I dont know.
The language in the contract is clear about how they can use the payments - build up in interest bearing account until 1 whole payment accrued, then apply. Sounds like they used their discretion. You are right, hard to know if paying taxes is ok or not. I think they are liable to pay the taxes or the county assessor can put a lien on the property. WAMU has been paying mine all along.I suppose I would consider it a good thing it is paid. As long as it is going towards something (not towards bs fees), it probably isnt worth making an issue over. They jerk us around so much, it seems no matter what they do we can get pissed....I have found myself flying off the handle with them about everything.
Have you sent in a certified letter asking for an accounting, as well as addressed the misapplied payment? Didnt they take a trial payment and apply towards regular payment with you? I sent in another complaint this week to TARP people (not that they will do anything) about the issue of not sending me a signed contract. If you send letter to Chase, put a cc on the bottom to TARP. I also had a complaint on file at OCC. I try to put all the regulatory agencies, as well as senators in the cc when I write them just to let them know whom I am contacting about their behavior.

You are supposed to have something in writing about permanent mod within 30 days of your last trial payment date.

06-27-2009, 06:26 AM	#141 (permalink)
snapple candy Senior Member Join Date: Feb 2009 Posts: 1,307 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Modification? Forebearance? I'll Flip a Coin! Calli...Yeah I "should" get the signed contract back but that is a big should considering the guy said those signatures on hold. I got the impression that their issues with the language in the contract. Whether its Chases attorneys figuring out language that is or is not in their favor or TARP people pointing out they are doing something wrong, I dont know. The language in the contract is clear about how they can use the payments - build up in interest bearing account until 1 whole payment accrued, then apply. Sounds like they used their discretion. You are right, hard to know if paying taxes is ok or not. I think they are liable to pay the taxes or the county assessor can put a lien on the property. WAMU has been paying mine all along.I suppose I would consider it a good thing it is paid. As long as it is going towards something (not towards bs fees), it probably isnt worth making an issue over. They jerk us around so much, it seems no matter what they do we can get pissed....I have found myself flying off the handle with them about everything. Have you sent in a certified letter asking for an accounting, as well as addressed the misapplied payment? Didnt they take a trial payment and apply towards regular payment with you? I sent in another complaint this week to TARP people (not that they will do anything) about the issue of not sending me a signed contract. If you send letter to Chase, put a cc on the bottom to TARP. I also had a complaint on file at OCC. I try to put all the regulatory agencies, as well as senators in the cc when I write them just to let them know whom I am contacting about their behavior. You are supposed to have something in writing about permanent mod within 30 days of your last trial payment date.