Mgic anyone? - Loan Modification Forum

danoo · 10-13-2009, 04:28 PM

After Chase refusing to give me a final mod.. They just keep sending me new three month trial packages, so far three of them. I've decide to called my pmi company to help out.

I know some people might be leery to hand out their finacials to Mgic because of possible legal action, if there is a claim against a forclosure, but I have nothing to lose.

My logic, if anyone could get me approved for a final mod it would be Mgic. By getting Mgic involved, Chase and Freddie now have something to lose, a claim against my mortgage. I may be wrong, but I doubt it, if Chase doesn't follow the hamp guidelines to a T, Mgic will be able to use that as reason to deny a claim made by Chase. Anyone know if this would be the case?

mintdeer · 10-13-2009, 04:45 PM

I Wrote to my PMI company too, I figured they might have more of an interest if they had to pay out to my mortgage co if we went into foreclosure. I haven't heard anything form them yet though. I would be curious if you are right.

heidi79 · 10-13-2009, 05:43 PM

It makes perfect sense that this would be the case, good luck to both of you!

10-13-2009, 04:28 PM	#1 (permalink)
danoo Senior Member Join Date: Feb 2009 Posts: 43 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Mgic anyone? After Chase refusing to give me a final mod.. They just keep sending me new three month trial packages, so far three of them. I've decide to called my pmi company to help out. I know some people might be leery to hand out their finacials to Mgic because of possible legal action, if there is a claim against a forclosure, but I have nothing to lose. My logic, if anyone could get me approved for a final mod it would be Mgic. By getting Mgic involved, Chase and Freddie now have something to lose, a claim against my mortgage. I may be wrong, but I doubt it, if Chase doesn't follow the hamp guidelines to a T, Mgic will be able to use that as reason to deny a claim made by Chase. Anyone know if this would be the case?

10-13-2009, 04:45 PM	#2 (permalink)
mintdeer Senior Member Join Date: Sep 2009 Posts: 102 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Mgic anyone? I Wrote to my PMI company too, I figured they might have more of an interest if they had to pay out to my mortgage co if we went into foreclosure. I haven't heard anything form them yet though. I would be curious if you are right.

10-13-2009, 05:43 PM	#3 (permalink)
heidi79 Senior Member Join Date: Jan 2009 Location: Miami, Florida Posts: 252 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Mgic anyone? It makes perfect sense that this would be the case, good luck to both of you!

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