Chase Loan Mod - Loan Modification Forum

kmt300 · 12-04-2008, 02:10 PM

My husband and I own our home that is on an 80/20. The first is with Chase the second with our bank as a home equity line of credit. My husband was transferred with his job to a different state and we had to move and rent a new house in that state. We have talked to the Hope program and have gone through the credit counseling. They supposedly are going to submit the info to Chase with a recommendation. I have contacted Chase and I get the run around and eventually got disconnected. We have renters now in our home but we still have to come up with $550 per month to make up for the difference in what they pay and our house payment. We owe 228,000 on our home that we can sell for about 175,000. How do we go about trying to refinance or lower our interest rate of 6.625. This rate is set to adjust in 2011. Chase is not very cooperative. Thanks for the help.

Dan Bailey · 12-04-2008, 06:45 PM

Kmt300,
Glad you found the forum, and thanks for posting!
*** or Moe will be by as soon as they can to give you some answers and direction to start your process. Hang in there and good luck!

Moe Bedard · 12-05-2008, 01:08 AM

HI kmt300,

Welcome to the forum and thank you for joining...................

The HOPE counselors have their own contact numbers for the lenders..........so you would just need to follow up with the counselor first to find out when the recommendation is submitted and then follow up with Chase at that time..........
Chase Loss Mitigation
1-800-293-0219

caldwellb02 · 12-07-2008, 04:41 PM

I didn't find Hope Now to be hellpful at all.

Erica · 12-08-2008, 10:50 AM

Cldwellb02,
Did you meet with a councelor at Hope Now? We did a budget workout with them which they submitted to our mortgage company along with their recommendations. They also gave me advice on what my next steps should be. I'm willing to try anything to get help on my loan. =)

12-04-2008, 02:10 PM	#1 (permalink)
kmt300 Junior Member Join Date: Dec 2008 Posts: 1	Chase Loan Mod My husband and I own our home that is on an 80/20. The first is with Chase the second with our bank as a home equity line of credit. My husband was transferred with his job to a different state and we had to move and rent a new house in that state. We have talked to the Hope program and have gone through the credit counseling. They supposedly are going to submit the info to Chase with a recommendation. I have contacted Chase and I get the run around and eventually got disconnected. We have renters now in our home but we still have to come up with $550 per month to make up for the difference in what they pay and our house payment. We owe 228,000 on our home that we can sell for about 175,000. How do we go about trying to refinance or lower our interest rate of 6.625. This rate is set to adjust in 2011. Chase is not very cooperative. Thanks for the help.

12-04-2008, 06:45 PM	#2 (permalink)
Dan Bailey Loan Safe Moderator & Homeowner Guide Join Date: May 2008 Location: Wilmington NC Posts: 1,407	Re: Chase Loan Mod Kmt300, Glad you found the forum, and thanks for posting! * or Moe will be by as soon as they can to give you some answers and direction to start your process. Hang in there and good luck! __________________ Loansafe saved my home!! I may be alot of things, but I do know the difference between reply and forward.**

12-05-2008, 01:08 AM	#3 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,682	Re: Chase Loan Mod HI kmt300, Welcome to the forum and thank you for joining................... The HOPE counselors have their own contact numbers for the lenders..........so you would just need to follow up with the counselor first to find out when the recommendation is submitted and then follow up with Chase at that time.......... Chase Loss Mitigation 1-800-293-0219 __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

12-07-2008, 04:41 PM	#4 (permalink)
caldwellb02 Senior Member Join Date: Nov 2008 Location: Northern CA Posts: 1,481	Re: Chase Loan Mod I didn't find Hope Now to be hellpful at all.

12-08-2008, 10:50 AM	#5 (permalink)
Erica Senior Member Join Date: Aug 2008 Posts: 37	Re: Chase Loan Mod Cldwellb02, Did you meet with a councelor at Hope Now? We did a budget workout with them which they submitted to our mortgage company along with their recommendations. They also gave me advice on what my next steps should be. I'm willing to try anything to get help on my loan. =)

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