Chase mod - Story so far - Page 5 - Loan Modification Forum

SillyWorld · 07-05-2009, 11:38 PM

Hide any extra cash under the matress, or the old cookie jar..Or friends name at a bank theres ways to hide cash

briknope · 07-05-2009, 11:53 PM

I agree with the above few posts. I got a trial mod that made my payment go from 1609 to 1475. I actually made payment #1 and I am really starting to second guess making payments 2 and 3. A $134 reduction is not that great and really doesn't help me any.

rollertom · 09-14-2009, 06:35 PM

I have a quick update. I made my final payment last month and have had issues ith my analyst or any one for that matter getting back to me so Chase reassigned my file to another analyst. This new person seems very nice and is checking on my questions I had.
My main question was now that the FHA loans have a plan that started aug. 15th will I be switched over to that one.
Guess we will see what happens next.

I ahve made all my payments by the 1st so far by getting a Chase Cashiers check and sending overnight.

art4ari · 09-14-2009, 06:38 PM

Thanks for posting...keep us informed... we are also waiting....the best for you!

litehouse01 · 09-14-2009, 07:16 PM

Good luck and best wishes to you...I hope they resolve everything in a speedy process for you ....keep us posted

rollertom · 09-15-2009, 08:26 AM

What I am still lost with is we had a foreberence plan for 4 payments started in May which dropped our payment almost $500 a month!
Now Aug. 15th there was somehting for FHA loans (mine is Ginnie Mae) that started so I am not sure if this is somehting they are going to look into doing or not. I have no idea which would be better if I had to choose.
I am not even sure what % rate I am at during the trial and if it will stay or possibly drop and then go back up after a few years.

rachel_p · 09-15-2009, 10:09 AM

rollertom, was your first analyst a "S.S" (initials). She is our current analyst and it's not working well with her at all. We requested a new one and are awaiting an email confirming that.

rollertom · 09-15-2009, 10:25 AM

nope j.p.

it only took like 2 days to get a new one.

rollertom · 09-22-2009, 07:46 PM

Update.
I was told now that I made the forebearance payments that my analyst is "needed to be re-established so that your case could be reviewed for a permanent modification." and now they are "awaiting a response from the HAD department regarding status"
So that is where I am at.
I really want to know when my next payment needs to be made and how much.
Before I started this we were always on time (just getting hard) now this...

franklyspeaking · 09-22-2009, 09:33 PM

Hang in there, this is no quick process even if you are persistent but you must be persistent, call constantly, email, fax , mail , its your home do whatever you have to save it for you and your family . Some on here have been taking months, some over a year but all are persistent and wont take no for an answer. FHA did issue making home guidelines and chase is starting to do them, probably not perfectly yet but they will figure it out. Keep on them.

rollertom · 09-30-2009, 04:17 PM

I just got offf the phone with the Main executive group. They are going to have someone in the home finance group call me tomorrow since they will now not return calls or emails and tomorrow is the 1st and I have no idea what and who to pay. I have left 3 msg. and 3 emails to the new analyst and I get no reply's.
I am FHA-HUD- Ginnie Mae so my loan wil be in a different plan I am sure since the started a plan on aug 15th and I was just in a forbearance since May.
I have NEVER been late or missed a payment and now I have no idea who to pay.... I did call the Columbus number and they said to keep making the same payments as the forbearance. I am not doing this because I just dont trust them.
Guess I wait for a call tomorrow and see what happens next.

rollertom · 09-30-2009, 05:54 PM

Just received a call from Chase. I have this month off and my payment will be $1910 and a locked 5%. My org payment was $2273 and my forbearance payments were $1700.
New contracts will be going out in the next few weeks and if I dont get anything to call them back.

rachel_p · 09-30-2009, 07:00 PM

Congratulations Rollertom!! That sounds great. I hope it all moves along smoothly for you.

Gosh, this has been a productive day on loansafe. Several people have actually received a glimmer of hope. I hope it all works out for all of us on here!

rachel_p · 09-30-2009, 07:03 PM

Rollertom, are those terms for a permanent mod? Did you go with a HAMP/MHA or is it an in house program?
I'm not sure what ours ended up being. I'm assuming it's not a HAMP since we have no trial period. When we call tomorrow we will ask. Honestly, we were so floored with the good news they gave us today that we were basically speechless. Hopefully the news is still good tomorrow.

rollertom · 10-01-2009, 05:22 AM

I am not sure.. This was a FHA Ginnie Mae loan. It really just sounds like a refinance.
We have only paid on it 1 year and our terms reset back to a full 30 years with 5% instead of the 6.75%.

rollertom · 10-15-2009, 07:19 AM

Still waiting for the paperwork. I am going to try calling them today (not that anyone will know)
Also, I am finding out that if I want my analyst to actually email me back I have to copy higher ups on it....I then get a reply pretty fast.
I know my perm loan mod was approved on the 27th of September and the new payment will be due on November 1st, just dont know when the paperwork will get to me.

rollertom · 10-15-2009, 02:05 PM

I just received my FINAL MOD PAPERWORK!!! I have to get them signed and notarized and return within 72 hours!

Jillian118 · 10-15-2009, 02:07 PM

Congratulations!!!!!!!!!!!!!!!!

rollertom · 10-15-2009, 03:11 PM

The payment is about $400 less. Loan went from 6.85% to 5% and first payment is due November 1st. There is about 7 places to sign and have notarized. They included a pre labeled mailer to send back within 72 hours.
I may be finally done!

BobandArlyn · 10-15-2009, 04:32 PM

CONGRATULATIONS!!! Who was your Negotiator????? Please tell me her name was Debra!

caldwellb02 · 10-15-2009, 05:10 PM

IF there's a Debra out there who is a good one, please somehow let us know.

rollertom · 10-15-2009, 05:33 PM

It was not a Debra, I in fact had a few becuase they would never return calls so I had to change analyst a few times.

rollertom · 10-16-2009, 06:22 PM

Just an FYI, I got the documents notarized and sent them back today.
They are being sent to "Document Preparation" in Addison TX.

snapple candy · 10-16-2009, 10:27 PM

Congrats Rollertom!
Its been a long haul. You deserve it.

SwillerAlesbane · 10-20-2009, 07:55 AM

Congrats! You are the 1st person I have personally read that received a mod. I think in all the posts here there have been what....three..THREE modifications.

Buy a lottery ticket....you are on a roll!

07-05-2009, 11:38 PM	#101 (permalink)
SillyWorld Senior Member Join Date: Apr 2009 Location: Central Pennsylvania Posts: 1,138 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Hide any extra cash under the matress, or the old cookie jar..Or friends name at a bank theres ways to hide cash __________________ Central PA, USA Waiting NACA Approval With Citi ON FHA MORTGAGE 05/18/2009 Ginnie Mae investor Is NACA Becomming a SCAM..?

07-05-2009, 11:53 PM	#102 (permalink)
briknope Senior Member Join Date: Jan 2009 Posts: 170 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far I agree with the above few posts. I got a trial mod that made my payment go from 1609 to 1475. I actually made payment #1 and I am really starting to second guess making payments 2 and 3. A $134 reduction is not that great and really doesn't help me any.

09-14-2009, 06:35 PM	#103 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far I have a quick update. I made my final payment last month and have had issues ith my analyst or any one for that matter getting back to me so Chase reassigned my file to another analyst. This new person seems very nice and is checking on my questions I had. My main question was now that the FHA loans have a plan that started aug. 15th will I be switched over to that one. Guess we will see what happens next. I ahve made all my payments by the 1st so far by getting a Chase Cashiers check and sending overnight.

09-14-2009, 06:38 PM	#104 (permalink)
art4ari Senior Member Join Date: Aug 2009 Posts: 206 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Thanks for posting...keep us informed... we are also waiting....the best for you!

09-14-2009, 07:16 PM	#105 (permalink)
litehouse01 Senior Member Join Date: Sep 2009 Posts: 489 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Good luck and best wishes to you...I hope they resolve everything in a speedy process for you ....keep us posted

09-15-2009, 08:26 AM	#106 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far What I am still lost with is we had a foreberence plan for 4 payments started in May which dropped our payment almost $500 a month! Now Aug. 15th there was somehting for FHA loans (mine is Ginnie Mae) that started so I am not sure if this is somehting they are going to look into doing or not. I have no idea which would be better if I had to choose. I am not even sure what % rate I am at during the trial and if it will stay or possibly drop and then go back up after a few years.

09-15-2009, 10:09 AM	#107 (permalink)
rachel_p Senior Member Join Date: Aug 2009 Posts: 277 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far rollertom, was your first analyst a "S.S" (initials). She is our current analyst and it's not working well with her at all. We requested a new one and are awaiting an email confirming that.

09-15-2009, 10:25 AM	#108 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far nope j.p. it only took like 2 days to get a new one.

09-22-2009, 07:46 PM	#109 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Update. I was told now that I made the forebearance payments that my analyst is "needed to be re-established so that your case could be reviewed for a permanent modification." and now they are "awaiting a response from the HAD department regarding status" So that is where I am at. I really want to know when my next payment needs to be made and how much. Before I started this we were always on time (just getting hard) now this...

09-22-2009, 09:33 PM	#110 (permalink)
franklyspeaking Senior Member Join Date: Sep 2009 Location: Lawrenceville,Georgia Posts: 245 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Hang in there, this is no quick process even if you are persistent but you must be persistent, call constantly, email, fax , mail , its your home do whatever you have to save it for you and your family . Some on here have been taking months, some over a year but all are persistent and wont take no for an answer. FHA did issue making home guidelines and chase is starting to do them, probably not perfectly yet but they will figure it out. Keep on them.

09-30-2009, 04:17 PM	#111 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far I just got offf the phone with the Main executive group. They are going to have someone in the home finance group call me tomorrow since they will now not return calls or emails and tomorrow is the 1st and I have no idea what and who to pay. I have left 3 msg. and 3 emails to the new analyst and I get no reply's. I am FHA-HUD- Ginnie Mae so my loan wil be in a different plan I am sure since the started a plan on aug 15th and I was just in a forbearance since May. I have NEVER been late or missed a payment and now I have no idea who to pay.... I did call the Columbus number and they said to keep making the same payments as the forbearance. I am not doing this because I just dont trust them. Guess I wait for a call tomorrow and see what happens next.

09-30-2009, 05:54 PM	#112 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Just received a call from Chase. I have this month off and my payment will be $1910 and a locked 5%. My org payment was $2273 and my forbearance payments were $1700. New contracts will be going out in the next few weeks and if I dont get anything to call them back.

09-30-2009, 07:00 PM	#113 (permalink)
rachel_p Senior Member Join Date: Aug 2009 Posts: 277 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Congratulations Rollertom!! That sounds great. I hope it all moves along smoothly for you. Gosh, this has been a productive day on loansafe. Several people have actually received a glimmer of hope. I hope it all works out for all of us on here!

09-30-2009, 07:03 PM	#114 (permalink)
rachel_p Senior Member Join Date: Aug 2009 Posts: 277 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Rollertom, are those terms for a permanent mod? Did you go with a HAMP/MHA or is it an in house program? I'm not sure what ours ended up being. I'm assuming it's not a HAMP since we have no trial period. When we call tomorrow we will ask. Honestly, we were so floored with the good news they gave us today that we were basically speechless. Hopefully the news is still good tomorrow.

10-01-2009, 05:22 AM	#115 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far I am not sure.. This was a FHA Ginnie Mae loan. It really just sounds like a refinance. We have only paid on it 1 year and our terms reset back to a full 30 years with 5% instead of the 6.75%.

10-15-2009, 07:19 AM	#116 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Still waiting for the paperwork. I am going to try calling them today (not that anyone will know) Also, I am finding out that if I want my analyst to actually email me back I have to copy higher ups on it....I then get a reply pretty fast. I know my perm loan mod was approved on the 27th of September and the new payment will be due on November 1st, just dont know when the paperwork will get to me.

10-15-2009, 02:05 PM	#117 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far I just received my FINAL MOD PAPERWORK!!! I have to get them signed and notarized and return within 72 hours!

10-15-2009, 02:07 PM	#118 (permalink)
Jillian118 Senior Member Join Date: Jun 2009 Posts: 294 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Congratulations!!!!!!!!!!!!!!!!

10-15-2009, 03:11 PM	#119 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far The payment is about $400 less. Loan went from 6.85% to 5% and first payment is due November 1st. There is about 7 places to sign and have notarized. They included a pre labeled mailer to send back within 72 hours. I may be finally done!

10-15-2009, 04:32 PM	#120 (permalink)
BobandArlyn Senior Member Join Date: Sep 2009 Location: Santa Rosa, CA Posts: 374 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far CONGRATULATIONS!!! Who was your Negotiator????? Please tell me her name was Debra!

10-15-2009, 05:10 PM	#121 (permalink)
caldwellb02 Senior Member Join Date: Nov 2008 Location: Northern CA Posts: 1,764 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far IF there's a Debra out there who is a good one, please somehow let us know.

10-15-2009, 05:33 PM	#122 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far It was not a Debra, I in fact had a few becuase they would never return calls so I had to change analyst a few times.

10-16-2009, 06:22 PM	#123 (permalink)
rollertom Senior Member Join Date: Feb 2009 Posts: 80 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Just an FYI, I got the documents notarized and sent them back today. They are being sent to "Document Preparation" in Addison TX.

10-16-2009, 10:27 PM	#124 (permalink)
snapple candy Senior Member Join Date: Feb 2009 Posts: 1,300 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Congrats Rollertom! Its been a long haul. You deserve it.

10-20-2009, 07:55 AM	#125 (permalink)
SwillerAlesbane Senior Member Join Date: Aug 2009 Posts: 124 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase mod - Story so far Congrats! You are the 1st person I have personally read that received a mod. I think in all the posts here there have been what....three..THREE modifications. Buy a lottery ticket....you are on a roll!

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