Loan Modification Forum - LoanSafe.org - View Single Post - New Thread

MW87178 · 06-29-2009, 06:39 AM

My 3 month trial began on May 1, 09. I have been making Western Union payments and never received anything to sign, no agreement from Chase, was just told to send in my modified payments via WU. I made my final trial payment for July 1 last week and called my analyst after, as he instructed me to do.

When I called him I was told the following:
1) they forgot to calculate my taxes/insurance into my modified payment and that i would need to make 3 more trial payments at this new amount before Chase would consider me for a permanent mod.

2) that currently there are NO PROGRAMS IN PLACE for me because I wasn't late when I started the trial mod. period!

A week prior this same analyst told me that once I made my final payment I would be getting my permanent mod before August 1 was due. Apparently everything has suddenly changed and he could offer me no sense of when a mod. program for me might be available. In the meantime I am to continue to make WU, modified payments. I convinced the analyst to let me make one lump payment for the 3 month overdue taxes/ins. escrow so that I would not be postponed for 3 more months with no end in sight and he agreed to let me do this. I am to make that payment today, which by the way pretty much empties out my bank acct.

Needless to say, I am furious and feel that I have done everything they have asked and am getting the run around and unbelievable stalling. I believe that they do not want to modify our loans. I began this process in November 08. I have no idea who to turn to or call at Chaser. Please let me know if any of you have any thoughts. For all of your sake I'm hoping that this isn't a sign of what's to come for everyone else.

thanks so much.

06-29-2009, 06:39 AM	#2 (permalink)
MW87178 Member Join Date: Jan 2009 Posts: 28 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: New Thread - Reporting 3 Month Trial Updates My 3 month trial began on May 1, 09. I have been making Western Union payments and never received anything to sign, no agreement from Chase, was just told to send in my modified payments via WU. I made my final trial payment for July 1 last week and called my analyst after, as he instructed me to do. When I called him I was told the following: 1) they forgot to calculate my taxes/insurance into my modified payment and that i would need to make 3 more trial payments at this new amount before Chase would consider me for a permanent mod. 2) that currently there are NO PROGRAMS IN PLACE for me because I wasn't late when I started the trial mod. period! A week prior this same analyst told me that once I made my final payment I would be getting my permanent mod before August 1 was due. Apparently everything has suddenly changed and he could offer me no sense of when a mod. program for me might be available. In the meantime I am to continue to make WU, modified payments. I convinced the analyst to let me make one lump payment for the 3 month overdue taxes/ins. escrow so that I would not be postponed for 3 more months with no end in sight and he agreed to let me do this. I am to make that payment today, which by the way pretty much empties out my bank acct. Needless to say, I am furious and feel that I have done everything they have asked and am getting the run around and unbelievable stalling. I believe that they do not want to modify our loans. I began this process in November 08. I have no idea who to turn to or call at Chaser. Please let me know if any of you have any thoughts. For all of your sake I'm hoping that this isn't a sign of what's to come for everyone else. thanks so much.