The Mother of all QWRs-Guaranteed to Make 'Em Squirm and Sweat Buckets!

[exclusive1000]

How does a Qualified Written Request , like this one, help with a mortgage modication ?
We are 4 months behind on a Chase Jumbo loan.

We have been in contact with chase and are getting our docs
together to send to them.

We are interested in getting a modification for our 1st and 2nd both with chase. We would like to stay in our home.

Do you think sending this QWR will help our chances or hurt us ?

And what would sending this QWR do to the foreclouser process ?

By the way we are about 400k upside down in our house with the current
real estate market in So Cal.

Thanks

[drraz]

Also, can the QWR help if I am already in foreclosure? No sale date, been trying to work with Wells Fargo since October of 2008! You cannot even believe how many times I have faxed all the required paperwork to get a loan modification. Only to check in with them to say the request is expired and I have to send in everything all over again.

That is EXACTLY what happened to me with Wells Fargo. "OK yes we have all your modification application documents, we will let you know in 30 days." But 30 days later, they say, "Oh sorry, your docs are more than 25 days old, which means they are outdated and invalid. We will need updated paychecks, bank statements, etc, and you can start the process over again..."

I played that BS game for a year. I can't believe the govt doesn't hold their feet to the fire after giving WF all the money they got.

Anyone know what the mailing address for Wells Fargo is when sending the "Qualified Written Request" ? I'm sure we don't send it to the same place where payments are collected.

I too am wondering what address would be best for ASC or Wells. As I understand it, it has to go to the servicer, which would be ASC, right?

[caldwellb02]

Be prepared for what you are going to do if/when they either don't respond to your QWR or they give you something inadequate.

I contacted HUD when Chase didn't send the QWR response and they say they "have contacted" Chase and "will let me know" when they get a response. I am giving them a little time, and int the meantime pressing Chase.

But ultimately I'm preparing for a small claim against Chase. I don't want to go there, but will be ready to if need be. It will be a move that might get me a few thousand dollars. The only way it will really make a diffference in the long run is if more people file small claims if they don't get the QWR or get an inadequate QWR.

[tc4gold]

Hi,

My tuppence worth. I dealt with Wells Fargo for a year too, they wouldn't give me an answer, however, when you send an email to every single person on their list right to the CEo and follow it wth phone calls you get a fast response. Now, I never got the real answer on a loan mod and eventually gave them a DIL, only started getting a proper response and help when I spoke with their attorney who was nice and said few people understand the process and fewer do the DIL which in most cases is their best best over foreclosure. I even got him to re word the papers to ensure I could understand in simple language that there was no deficiency judgement. They turned down 4 short sale offers and are still stuck with the property that won't sell for what they want. STUPID, STUPID, STUPID but that is the banks for you and they get all that government money? Early on I sent them a written scenario on a loan mod that would work and they would get paid their whole loan amount in 5 years (i had someone who wanted the property and were prepared to fix it). WF wouldn't give me an answer so the buyer gave up, again STUPID, STUPID, STUPID on the banks part but then they get paid big bucks to be that way. Go figure!!!!
I say harrass them with the QWR anyway, they harrass us enough.