I just found out today that i was turned down for the HAMP through WAMU / chase after making 6 trial payments. They say Debt to income was the reason. hmmm why do you think I needed the mod in the first place?
They say my only option is to reapply, refi (obviously is not a choice) or short sell. I am reapplying for the mod and I dont want this to be a stupid question but do I still continue to make my payments? Anything could happen. They could schedule a sale date next week and I sent the payment this week right? Also, if this is over 12-31 whats the point and do I have an option for an in house modification? They did not give me this as an option when i spoke to them on the phone as I didnt think to ask.
I think its complete BS. If you pre approve someone for a trial based on the information provided how do you not get approved? My income is the same as when you pre approved me.
Any help is appreciated.