So for after the forth time after applying and being told I needed to be considered for HAMP first, then an in house modification, I have recieved my forth HAMP denial and no written comminication on the in-house workout. After mulitple calls over the past six weeks, request for addtional infomation (which has been sent 4 times already), and being lead to believe I was to be assigned an "relationship manager", I was told this evening that I was denined for the in-house plan again.....with no explaination available. I was dninded over 6 weeks ago...but was not infomred until today.
The call center seems to insist that WaMu is my investor..yet the forclosure papers say US Bank. They are either clueless or intend to mis-direct. Chase is the servicer and holds my second as well as my credit card...so they stand to lose the most....yet the dil-rods can't seem to get that though their heads. Hmmm...work with a long standing customer who owes about 10K....or foreclose and stand to loose about 100k....one would think it is an easy answer considering that I am gainfully employed, can afford my mortgage, and just need to caught up for the few months I got behind....TWO YEARS AGO.
The Chase organization is a complete joke. The reps may be nice but purposely are not supplied with meaningfull infomation. The rep told me today I need to apply a FIFTH time and just keep paying monthly as usual....but that the outcome will be the same. She could not explain why I have not been informed the last 6 weeks....and could not explain why I have since received written communication requesting yet ADDITIONAL paperwork for the Mod application (that has been already sent 4 times..some docs 5+ times)
Since they are just playing this wait it out game, I will solve it for them. I am tired of being on hold and my credit in limbo. I was not in foreclosure until I agreed to a verbal trial mod in the first place...then after they lost all the paperwork, they claimed I was in default for not paying the full amount! Despite admitting internal paperwork processing errors, they pursued foreclosure untiDon't EVER agree to a verbal trial mod....it just a trap to get you into techinical default!
I answered the complaint....then boom...all the sudden I finally received actual written trial modification paperwork. My case was put on hold while in modification. It seems they only respond when a stand off in court is possible.
So I will re-apply...for the FIFTH time...and then use that time to legally respond. I will move to dismiss the complaint due to lack of standing. Their attoney in court the first go-around was clueless. A motion to dismiss while the case is on hold may shake things up a bit and bring finality to this mess. Who knows....when I march in thier with the log of the 400 plus phone calls, the messed up first trial mod, evidence of the messed up first trial mod, and no feedback for internal mods, I will be able to show Chase is not providing foreclosure prevention measures as required by law....but rather is inducing foreclosure. In addition, the complaint lacks standing due their participation of the mortgage assignment fraud making headlines this week.
I have come to believe that when Chase is loan servicer, they really want to stall and delay just to make more money on the foreclosure process. They could care less about helping anyone. The only way to force an honest discourse with a human that has authority to act over there is to take em' to court. If I lose the court case, I will then go BK...and then they loose the finanical fight anyways. Either way, I will not go down without taking a peice of them with me.
Don't roll over! Answer any and all foreclosure proceedings with answer and challenge! Use all your rights and tie them up in court. Only when that tidal wave hits will Chase offer reasonable modifications. While amodifcation may not be a "right"...it will be the least cost solution if many start to challenge thier cases in court, one by one. And condisering how dirty the foreclosure mills abuse the legal process, it is only fitting to use a few legal manuevers of our own.....
One last item....if you wish to get back a little, go buy silver. JPM Chase stand to loose a massive amount of money if silver prices rise. It woudl serve them right for mis-informing and mis-treating thier customers in other facets of thier business model.