Chase/Wamu and Deutsche Bank

[caldwellb02]

You know, I've been noticing that my language is really becoming gutterized during this process. I'm mad.

[caldwellb02]

Can't let this go. I thought the title companies kept copies of all documents, but I just called mine and they say they don't. They have a copy of the title, but not that fine page that has my income inflated (the one I have a copy of but I never signed). They said they send all of that back to the lender. Then for sure the only way I can see that app (the one with my inflated income) is through the QWR I sent. Just needed to write that here. Going home now. Wine awaits - I know it's only 4:13 but by the time I get home it will be close enough to five

[rachel_p]

Originally Posted by caldwellb02

Can't let this go. I thought the title companies kept copies of all documents, but I just called mine and they say they don't. They have a copy of the title, but not that fine page that has my income inflated (the one I have a copy of but I never signed). They said they send all of that back to the lender. Then for sure the only way I can see that app (the one with my inflated income) is through the QWR I sent. Just needed to write that here. Going home now. Wine awaits - I know it's only 4:13 but by the time I get home it will be close enough to five

Don't worry, it's five o'clock somewhere

[bdcflorida]

Sent qualified written request to Chase/WAMU. They responded with only a couple of the items I asked for. They have since served a Lis Pendens. What is my next step regarding their failure to respond?

[caldwellb02]

What's a Lis Pendens?

[bdcflorida]

Notice of foreclosure. It's served along with other paperwork stating I have 20 days to respond. A hearing is next, followed in 30 days by foreclosure auction

[caldwellb02]

I had a one word reply but the computer wouldn't accept it - too short. You can imagine what it was.

[rachel_p]

I would get an attorney ASAP.

How long did it take to get a response from Chase after you sent the QWR?

Gosh, I wonder why they are being so harsh with their response. Maybe their way of letting you know they still have the upper hand. Very arrogant.

[caldwellb02]

Okay - so this is my original thread and here is an update. Looks like they got my QWR on the 6th. Just talked with kevin Winn at Naca and he said my case is a complicated one and doesn't really know if I should go to SF (save the dream) or not. He had heard there was some "progress." Didn't know what. He thinks I may get one of those step mods with a forbearance at the tail end.. When I told him about the QWR we talked about what kind of wiggle room that might give me. I really don't know what I'm going to do about San fran. It's a 7 hr drive, but if my son is around I can see him. I'm going to ruminate on this one.

[caldwellb02]

A letter to the upper management of JP Morgan Chase.

On October 6^th I received confirmation that your offices received my Qualified Written Request. I now await your response per RESPA law.
It is not my practice to be adversarial. I am a mediator by nature, and would much prefer coming to mutually-beneficial agreements without animosity.

In that light I started asking for a loan modification with your bank in January of this year. I have a loss of income and am underwater in my home, and I knew it would be a stretch for me to continue paying my mortgage. I thought I had enough resources to pull from to give this process a few months and come to an agreement with you before I had to go into default and ruin my credit and endure never-ending collection calls.

That did not happen. I was forced into default in August by you; by JPMorgan Chase. I was forced because making dozens of phone calls to and with Chase offices, faxing hundreds of documents and complying with every request you made, resulted in no progress at all. I am still in limbo. The calls keep coming, I’m told I’m under review, and every once in a while one of your toxic employees will make a veiled threat that I know to be of no merit.

There appears to be a mentality that you can dangle this carrot of modification in front of the struggling homeowner’s eyes and we sheep will just keep on moving towards the target that you know we will never reach.

Yes, I am angry, because I trusted you. And I was betrayed. But no more. This cannot continue. Not for me, and certainly not for my children and my grandchildren. Enough is enough. It is time you wake up.

I am not a banker, and cannot fathom the rationale behind the decisions you have made regarding my home and thousands of others like mine. I do have a doctorate in Organizational Leadership, and believe in the transformational model. I believe our President Obama is a transformational leader, although I am disappointed that he appears to allowing himself to be insulated from what is really going on regarding home loan modifications. Perhaps impacting your ties with Mr. Geithner may crack that insulation.

There is a movement afoot in this country that has shown people like me the real power the banking industry has over all of us, much as Thomas Jefferson predicted it might. This is not a transformational power. It is unethical, divisive, and immoral positional power..

I know change is hard, but change is necessary. It can come from within, or it can be forced in from the outside. As a mediator at heart, I encourage you to be the leaders you are and bring change from within. Be the role models you can be by bailing out homeowners through restructuring home loans just like you were bailed out by the taxpayers (us) when you needed it.

If this is not your choice, so be it. But we are now awake.

[caldwellb02]

Okay I'm so frustrated today. I have been at this for NINE MONTHS and I have no trial payments, no offers of trials, two denials that were bogus and I proved wrong and I'm in review again. I've got NACA working on something, the Homeownership Preservation team at Chase working on something (through Auritron), and Chase imminent default working on something. Meanwhile I'm 3 months in default, get calls from collections 6 times a day, sent in my QWR, written my senators, congressmen, OCC and you name it. I'm feeling like I'm just friggin (pardon me) prolonging the inevitable here. If something doesn't change for the better soon I'm walking away after Christmas. I'm tired.

Sorry. What a change from yesterday, Huh? This is quite the rollercoaster ride and It's not good for my health.

[Marie T]

Amazing how depending on the status of our mod, it influences our life so much! I vacillate between being really depressed, anxious and
hopeful....sometimes all at once! More hopeful lately with finding an attorney but I know that is not a silver bullet either.

So if they got your QWR on the 6th they have until Nov 6th to get the info back to you. Mine came back right on the end of the deadline. Mine did not have my GFE in it even though I had asked for it. I do not not understand why they are not doing something besides just denying you....does not make sense to me! I thought I was only 3 months behind, I think I am four, trying to go through all my bank statements to double check.....not sure how I have been miscalculating. I did not realize you were already three...thought you had just started going late. Hopefully one of those angles is going to work for you. Have you tried filing a complaint with the BBB? Someone on here did that and said they got the most response from that...that is about the only thing I did not do.

The attorney confirmed for me that he has not seen the banks do any kind of workout if you're not late but that could be because everyone he works with is late already.

[caldwellb02]

Well I'm three on my second, but only two on my first.... I think ... You'd think I'd know something that important! I may have been miscalculating. Frankly its WONDERFUL to read about someone else who has that little niggle that says "just how late am I?" It's so screwy because my last couple of payments were both late.

Haven't done the BBB yet. Called the Homeownership Preservation unit today (the one I'm working with with the Hud counselor) and they said it is again "under review" and could take 30-90 days. My god. Okay. I know this. This has happened before. Nothing new.

[SONORACADREAM]

I am sorry to hear your struggle, I read your post's and you are allway's supportive of others. I have to say your post's are a good faith record of your Honest American attempt's to do the right thing. No help or Hope Now, it is apparent that the bank's want our home's even at a huge loss.
I just have to think why would they want to do this to us?
I love where I live and my Home that I had to rebuild myself to even live in because it was trashed from a Meth lab/party house. I am willing to loose it just to make a statement. My American Dream no longer will exist here. I will have to start over from scratch here and rent for now with help from familys good credit.
Do not forget the last Bullet in your defence that is really working because the judges are looking at the non response from the bank's. Show me the Original Docs notorized and signed, all pages have to be present and initialed otherwise they just have a scanned copy that is not a valid document. File a lawsuit and get a attourney that has done a # of these, you have to have a title when you sell a car, the same principle apply's.
I will have to say and I feel bad for saying it, I have been making payments up until 3 months ago for the first time in my life back when wamu used to be American savings. Both my first and second are very late, I have emailed senator's and the city council, The governator. I think they are above all of this, HA! watch, they will not be living it up, it will happen.
I am sorry you have fought for so long and are running the never ending treadmill staring at the same view, I was hammered around like a ball in a pinball machine twice and refused the loan mitigation they tried to suck me into. My first hint was from a gal at HUD, I told her of my plight and she said Oh is that all? your only two months behind?
I recieved my answer right there, I know it looks bad and it makes you and everyone on here upset, it is such a huge loss in payments nationally the banks can not keep up with it. It is going to get worse in CA after Christmas, layoff's are going to hit a all time high, and Businesses are moving to friendly States, even if the weather is muggy or freezing. Building is dead in CA and I have my family helping me out with work because they still have job's and I cut my hourly pay by 1/3.
My payments were 3k a month, but with all the bills I have never struggled so hard, I didnt go and buy new cars and boats. I have nothing to show for it except this home, all my labor will be lost if I dont fight. Please Forget the Pig's at Chase, fight for your Honest American Attempt's to do the right thing. Please dont feel guilty? We are all in this pit of despair with you, I support you, please dont throw in the towel, make them come after you now, you have wasted to much time with them.As the gal at hud told me, Relax, dont freak out. You are not even close to really losing your home.

Save your money for a real modification, it may be when you need it the most.

Take Care of yourself, I really mean it. Take a break.

Kirk

[caldwellb02]

today's the day to update this thread a little. I will not go into everything that has happened, but just to keep the thread re: my story:

Went to the NACA STD event in San Fran. No mod. Call into Kevin Winn re: now what? I was denied due to insufficient income.

Today I did get a little surprise. Chase acknowledged my QWR. Got a short letter from them. This was their last day (the 20th), and it came. So I give them a point for that. I had heard stories about how others were denied.

[caldwellb02]

Correction - I didn't mean "denied" at the end of that last post. I meant that other people just didn't get ANY response. Just got home from work and my mind is toast. Did get one grant approved though (for work)- yeah! A little good news is nice.

[Marie T]

Originally Posted by caldwellb02

today's the day to update this thread a little. I will not go into everything that has happened, but just to keep the thread re: my story:

Went to the NACA STD event in San Fran. No mod. Call into Kevin Winn re: now what? I was denied due to insufficient income.

Today I did get a little surprise. Chase acknowledged my QWR. Got a short letter from them. This was their last day (the 20th), and it came. So I give them a point for that. I had heard stories about how others were denied.

Caldwell...so Chase denied you due to insufficient income??? You know I just do not get it...why can't these darn banks just work with us....does that just make too much sense? Most of us want to keep our homes even though we are upside down. I wopuld not have gotten so far behind if I had not had to pay the IRS about 4 months worth of house payments and now I am in the position that since I am over three months behind Chase won't accept payments.

Tha banks have to see what is coming down the pike ...do the research....everything points to a bigger wave of foreclosures coming than what we have already experienced. I do not understand why the banks won't work work with the people thay already have...the bird in hand...rather than foreclose and hope to get 70% of the loan payoff or less after foreclosure!!

[caldwellb02]

Yep. Insufficient income this last time. first it was "hardship is not permanent in nature." I am not giving up.

[Mountain life]

Caldwell : I do not understand why CHASE would deny your modification based on insufficient income...that is why you should qualify for a more reasonable and affordable loan! I also got a response this week from CHASE to NACA and they denied by restructure and indicated that I make enough money to pay for my current 9.3% ARM loan which is 60% of my income. NACA is resubmitting my restructure asking for a fixed interest rate at a lower rate, but the NACA negotiator told me that if I am denied again I should consider a refinance. I am annoyed with that suggestion...if I could qualify for a refinance I would have already applied!

[Outddorsy1]

I became literaly ill over the non-stop back and forth with Chase. Never the same person on the phone. One person says one thing and another something else. One offers a ray of hope, and the next makes it seem the sky is falling. One person tells me to do this, another to do that.

In my case it began with lost modification papers...from April. In August they told me they lost the papers and that I should try the "trial modification process" to avoid foreclosure and give them adequate tiem to evaluate my case (i got behind in 2008 and then obtained employment anhave been paying everythign but the past due amount since). I agreed to the trial mod, paid as agreed and on-time, and then they tossed me into the foreclosure process anyways prior to any modification determination. They now state there is little that can be done with my existing note as I am in foreclosure and are strong-arming me.

I construe this trial modification offered to me as a service that I and the taxpayers are paying for. A service was offered to me by the bank. I performed my function by providing the information requested and paying as agreed. The taxpayers paid as for each trial modification the bank gets to tap more tarp funds. And the bank had an obligation to provide an adequate modification process and provide the required paperwork. They did neither of these functions, threw me into active foreclosure, and now are imposing attorney fees to the account to boot.

From what I understand, the above construes fraud, so I reported it to the states attorney in a formal complaint. We will see if that helps or hurts my case with regards to cooperation...but I figure one extreme treatment deserves the same in return. As they are working against me instead of reasonably with me, I need to push back. To date, I am Sstill waiting for paperwork or something in writing. I am continuing to pay even through they refuse my payment at a branch. If goes the distance, I have the paperwork to back my case and prepared to present it to a judge during the forclorsure process. A simpler solution woruld be for Chase to just write off the 7K I am behind and we each go about oru business....them collecting a fair amount of interest each month and me living where I always have.

[Marie T]

Outddorsy1...why can't Chase add the $7,000 on to the back of your loan? I have been told that if we get to the point where they will modify with me, that is probably what they will do.

I do not think reporting Chase to the State Attorney General's Office will do any good as Chase is a federal bank. Try reporting them to the Office of the Comptroller or the Better Business Bureau...I think Snapple has put the address on here before...the BBB over Chase is in New York I believe.

[caldwellb02]

I agree. this has made me so sick sometimes. They are just about the toughest bank to deal with around. I thought they were supposed to have a smart management team. All this bad publicity that is starting can't be good for them.

It may be time for another e-mail onslaught on Chase. Also - Marie you are right on the OCC, but States Attorneys General do have some power; they can for instance halt all foreclosures and/or demand specific information re: how they are treating their citizens. the CA attorney General did that last week - to I think ten different banks - because of all the complaints he was getting.

[Outddorsy1]

Meant to state "Attorney General", not states attorney. And actually, they took my complaint and the lawyer stated I made an excellent fraud complaint. From what they told me, I do not beleive it matters if they are a federal bank, if they conduct business within my state, they must comply with state laws. Soliting a service, being compensated for that service, and then completely failing to provide even a hint of such a service is fraudulent. The banks are getting paid for each trail mod from taxpayer dollars and then abusing that program as they assume most of us that are behind wont qualify or can't catch up, so why not get a little more taxpayer dollars during the process of throwing then out of thier house.

With regards to the 7k, I have been fine with putting this to back of my loan all along and suggested it on many ocassions. Chase / Wa Mu is just so large now, and so full of misdirection, that I honestly doubt such a suggestion made it to anyone with a brain that could see my particular situation should be a slam dunk. If I am able to pay my monthly payment, am employed, qualify for the hardship and all the ratios, the easy thing to do is throw it at the back end and move on. But nope, I was told to try the trial mod and wait for such consideration and find myself where I am now. Instead the bank now stands to loose tens of thousands from playing hardball for a few thousand of risk, and I stand to loose my home.

Non of it makes sence to me, but that is what we get when an organization (ie BOA, Chase, the federal goverment, etc) gets too large for its own good.

[litehouse01]

Why didn't they offer you something else like an inhouse mod or something anything so you could keep your home?

[caldwellb02]

lighthouse - if you're talking to me, I wish i knew. I have a stable job, been here five years, lost a source of income so need the mod. But i can definitely afford what NACA is proposing.

I have a predatory loan - maybe they are scared of me. I have no idea. I'm formulating another letter to the CEO and ccing to everyone I can think of and maybe - I don't know - If I'm going down, I'm going down fighting.