I just completed my Chase/Fannie Hamp Mod and went perm on 6/1. I am moving out and moving tenants in on 8/1(probably not relevant). New first balance of 307,000, Zillow value of 314,000 and a Chase of 200K that I would like to settle or even better extinguish. I have not made a payment since 10/2010.
I did file Chapter 7, solo, after my divorce and did not reafirm. My ex remains on the loan, however she deeded off at the conclusion of our divorce(probably not relevant).
I guess my question is, do I call Chase and see if extingueshment is a possibilty, hold tight, or do I work on a stradigy to settle? I have not heard a peep, since the mod completion and I had thought that 2nd TD lenders needed to address the 2nd after a succesful Hamp mod?
What do you think?? THANKS!!!