Hi to all here,
I have just been startled when I called Chase Bank. It may not be a big thing, but, I wanted to find out if others on this forum are familiar with this situation. Here goes: I am way, way behind on making payments on my mortgage. The 2nd was charged-off months ago. I sincerely applied for a loan modification back in Nov., '11. I have had the windfall of still being considered for the mod. Months upon months talking to this one rep in particular, where she requests more docs, etc., etc. Meanwhile, the NOD was served, the NOTS has had many sale dates, each month now it gets postponed, so you can see that I've been through my share of hoops with all this. The house was appraised months back, and I could not obtain the appraised amount-they refused even when I requested the appraisal according to their method. Very frustrated about that still !! Here's my puzzlement of late: The agent from the bank called this afternoon, and although I almost always answer her calls, I was driving and unable, so she leaves the standard message, stating the boiler-plate language at the beginning of her message as always, you know the one... to the extent, blah, blah, and she instructed me to return her call, which I did. Her phone must've been occupied (or whatever) so I got somebody new. The gal asked me the standard ID questions, and then she personally re-stated the boiler-plate language, but with a new clause at the very end. I've never ever heard that last clause-ever! It went something like this, "and to the extent the property(you) are protected under the 90-day stay granted by US Code Bankruptcy,... (I cannot quote verbatim, sorry)... "Chase Bank retains the right to foreclose on the property."
OK, the current sale date is 3rd week of Sept., 2012. The previous sale date was about a month prior, etc.
I am underwater on the 1st, but not by much. I'd be willing to take it if they offered me a loan mod., and if the second was eliminated somehow. I bought this house, where I still live, work, support a family, and rent out rooms, in late 2005, north of Los Angeles in a nice setting. I hope to stay. I hope the bank will finally say OK, and I can set everything on an even keel again. It has been the bumpiest roller coaster you could imagine, add in some Class V white water rapids with multiple sonic booms. Glad to have shared, and that new verbage raised new concerns. Thanks for reading. If I left anything out, I'll be checking in daily.