Denial letter from chase - Loan Modification Forum

fla borrower · 09-15-2009, 02:14 PM

Hi Everyone

Please try to help me figure out what this jibberish is supposed to mean. I will just type the body of the letter word for word,

I am writing in response to the modification process on the subject loan.

The interest rate of 4.625% was used to calculate your modified loan payment effective October 1, 2009 because this is the interest rate your loan would be reset at if the ARM were to reset in October 1, 2009. Guidelines require we use the interest rate on your account at the time of your first modification payment.

Your modification application and the information contained within was considered for all available options.

Because investor information is considered proprietary information, Chase does not provide the name to their customers.

Then the letter goes on to give the rep's name phone # etc.

OK! Am I crazy? Or is this letter pure nonsense???

BudgetCutsinOC · 09-15-2009, 02:21 PM

sounds like BS to me!! Dont give thm a cent!!

09-15-2009, 02:14 PM	#1 (permalink)
fla borrower Senior Member Join Date: Sep 2009 Posts: 86 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Denial letter from chase Hi Everyone Please try to help me figure out what this jibberish is supposed to mean. I will just type the body of the letter word for word, I am writing in response to the modification process on the subject loan. The interest rate of 4.625% was used to calculate your modified loan payment effective October 1, 2009 because this is the interest rate your loan would be reset at if the ARM were to reset in October 1, 2009. Guidelines require we use the interest rate on your account at the time of your first modification payment. Your modification application and the information contained within was considered for all available options. Because investor information is considered proprietary information, Chase does not provide the name to their customers. Then the letter goes on to give the rep's name phone # etc. OK! Am I crazy? Or is this letter pure nonsense??? Last edited by fla borrower; 09-15-2009 at 02:17 PM..

09-15-2009, 02:21 PM	#2 (permalink)
BudgetCutsinOC Senior Member Join Date: Sep 2009 Posts: 179 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Denial letter from chase sounds like BS to me!! Dont give thm a cent!!

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