I started a thread back in September 2011 strategic default first and second with Chase Calif
We stopped paying Sept 1 2011, no payments since, played HAMPStER Wheel to stay in house, did the loan mod game, etc etc Just last week after denied loan mod, Chase let us move to SS. We agreed to do it so we could forestall the NOD. THEN Chase sends us via UPS Express an offer to do a DIL and they will pay us $34,000 in cash to do it!! That was Friday May 4th, Monday May 7 we both get emails from Chase with same offer!! We have talked with Chase twice now, they say that we must cancel the SS process, then move to DIL. They say that this takes care of the first, which was WAMU, now Chase...and the HELOC with Chase and all back late payments, fees, escrow account etc. We will owe nothing and they will give us $34,000.
I DONT TRUST CHASE...but would like to know if anyone else has heard of this type of offer from Chase or if you have received one. Thanks