Is There Any Hope Dealing With Chase? - Loan Modification Forum

dtap57 · 08-14-2009, 11:57 AM

I have already been turn down 2 times by Chase for a loan modification. I tried the first time in March because my wife took a paycut and even though we were current we knew we were going to have trouble making the payments. I was turn down they said because i was short each month by a few hundred dollars. I then went to Hope Now in May to see if they could help me. Well i was declined again in July because i was a few hundred short each month. I was still current at that time also.

I was running a few hundred each month short didn't include any kind of reduced payment on my mortgage. If they did reduce it i would be positive every month.

I am now working with NACA, but i had no choice but to let the payment get behind for July and August. Im not sure if NACA will be able to do anything for me since i have an FHA loan. We have been with them almost a month but still haven't made any proposals to Chase.

I can see why a lot more people are starting to just walk away from there homes. I have to admit im getting so frustrated that at times im ready to give up also.

Does anybody know of, or heard of anybody getting a loan mod through Chase lately? I haven't seen very many positive stories here lately regarding Chase? Any help appreciated.

Evan Bedard · 08-14-2009, 01:14 PM

Hi dtap57,

There is actually a new program calledFHA-Home Affordable Modification Program (FHA-HAMP) for FHA borrowers that is supposed to come into effect tomorrow. You can read more on this program here:

http://portal.hud.gov/pls/portal/doc...20FHA-HAMP.DOC

dtap57 · 08-14-2009, 02:13 PM

Thanks Evan for the update. I did see that new program for FHA loans. I just hope it helps me out, but when you have already been turned down 2 times my hope for help isn't very high right now.

I wonder if i am better handling this myself or letting NACA handle it. I want to make sure that NACA knows about this new deal for FHA loans.

Evan Bedard · 08-14-2009, 02:40 PM

I'm sure NACA is aware of the new program. They are an excellent organization and I'm sure they will be more then willing to help.

08-14-2009, 11:57 AM	#1 (permalink)
dtap57 Senior Member Join Date: Jul 2009 Posts: 112 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Is There Any Hope Dealing With Chase? I have already been turn down 2 times by Chase for a loan modification. I tried the first time in March because my wife took a paycut and even though we were current we knew we were going to have trouble making the payments. I was turn down they said because i was short each month by a few hundred dollars. I then went to Hope Now in May to see if they could help me. Well i was declined again in July because i was a few hundred short each month. I was still current at that time also. I was running a few hundred each month short didn't include any kind of reduced payment on my mortgage. If they did reduce it i would be positive every month. I am now working with NACA, but i had no choice but to let the payment get behind for July and August. Im not sure if NACA will be able to do anything for me since i have an FHA loan. We have been with them almost a month but still haven't made any proposals to Chase. I can see why a lot more people are starting to just walk away from there homes. I have to admit im getting so frustrated that at times im ready to give up also. Does anybody know of, or heard of anybody getting a loan mod through Chase lately? I haven't seen very many positive stories here lately regarding Chase? Any help appreciated.

08-14-2009, 01:14 PM	#2 (permalink)
Evan Bedard LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California Posts: 2,168 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is There Any Hope Dealing With Chase? Hi dtap57, There is actually a new program calledFHA-Home Affordable Modification Program (FHA-HAMP) for FHA borrowers that is supposed to come into effect tomorrow. You can read more on this program here: http://portal.hud.gov/pls/portal/doc...20FHA-HAMP.DOC __________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

08-14-2009, 02:13 PM	#3 (permalink)
dtap57 Senior Member Join Date: Jul 2009 Posts: 112 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is There Any Hope Dealing With Chase? Thanks Evan for the update. I did see that new program for FHA loans. I just hope it helps me out, but when you have already been turned down 2 times my hope for help isn't very high right now. I wonder if i am better handling this myself or letting NACA handle it. I want to make sure that NACA knows about this new deal for FHA loans.

08-14-2009, 02:40 PM	#4 (permalink)
Evan Bedard LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California Posts: 2,168 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is There Any Hope Dealing With Chase? I'm sure NACA is aware of the new program. They are an excellent organization and I'm sure they will be more then willing to help. __________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

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