CHASE MHA Modification Request Confirmation letter

**the R** · 12-15-2010, 08:24 AM

On 12/3 NACA submitted my file to CHASE, got an underwater 80/20 mortgage. I'd been working with NACA since late Sept., early Oct getting documents together, missing and scheduling phone interviews, and updating paystubs. On 12/7 CHASE sent a letter to me confirming they received my MHA modification request. I got the letter on 12/13 so I guess they used 'snail mail'. Today when I went online to pay make a payment I wasn't able to, I would get an error message. My 80 loan wasn't even available as an option for payment. Called the modification center and was advised to make the 20 payment in the branch, which I did. Haven't been assigned a 'relationship manager' yet and I won't be able to make the 80 payment until the 30th, if then. Hopefully I'll get a trial payment in the next 2 weeks. So far that's my story. Anybody else get this letter?

**the R** · 12-22-2010, 08:43 AM

Well, so far so good. Got in touch with a rep today and was told that my file is in underwriting as of 12/21. Didn't see anything to reflect that on the NACA site though. Should I contact them and update them?

**the R** · 01-03-2011, 09:02 AM

I got an e mail from NACA that my servicer submitted a proposal, but when I log into NACA I don't see any proposals. When I contact CHASE they tell me I'm in approval review status. Can't get through to NACA on the phone either. I'll post when any info gets clarified.

**the R** · 01-08-2011, 12:02 PM

I got my FED EX package today saying I've been approved for trial MAH program. My first payment is due 2/1/11 and it saves me $443.81 a month. Congrats to NACA for their help.

I called ChASE and was informed that this payment is for the 1st loan only. They said I have to submit a seperate request for the 2nd loan. NACA told me their request for both loans. Can't call NACA until Monday to follow up.

So do I continue to pay the 2nd? Also, do I need to make my late 12/10 payment on the 1st?

**TomEason** · 01-08-2011, 11:58 PM

Originally Posted by the R

I got my FED EX package today saying I've been approved for trial MAH program. My first payment is due 2/1/11 and it saves me $443.81 a month. Congrats to NACA for their help.

I called ChASE and was informed that this payment is for the 1st loan only. They said I have to submit a seperate request for the 2nd loan. NACA told me their request for both loans. Can't call NACA until Monday to follow up.

So do I continue to pay the 2nd? Also, do I need to make my late 12/10 payment on the 1st?

I recommend you follow the directions and make the next payment on 2/1/2011. Do not make any more payments on the 2nd. If you got a HAMP mod on your 1st, then Chase is supposed to grant a 2MP mod on your 2nd without your having to submit any more info. On the other hand, of the 1st mod is not HAMP, then you may need to eventually negotiate a mod or settlement on your 2nd. In the meantime, I recommend you don't pay on it.

**Maurice Bedard** · 01-09-2011, 07:51 AM

Do not pay extra, and do not pay more than a few days early, and DO NOT MISS A TRIAL PAYMENT.

**the R** · 01-10-2011, 06:01 AM

Originally Posted by tomeason

I recommend you follow the directions and make the next payment on 2/1/2011. Do not make any more payments on the 2nd. If you got a HAMP mod on your 1st, then Chase is supposed to grant a 2MP mod on your 2nd without your having to submit any more info. On the other hand, of the 1st mod is not HAMP, then you may need to eventually negotiate a mod or settlement on your 2nd. In the meantime, I recommend you don't pay on it.

Hey thanks for the advice. I saw in another thread where a forum member was offered a modification on the 2nd loan automatically with CHASE.

Has Anyone gotten a HAMP 2MP permanent modification on their 2nd mortgage after getting a permanent HAMP 1st modification?

In that instance the member kept the payments current on the 2nd loan. Both my loans are with CHASE as well.

**TomEason** · 01-10-2011, 10:37 AM

Originally Posted by the R

Hey thanks for the advice. I saw in another thread where a forum member was offered a modification on the 2nd loan automatically with CHASE.

Has Anyone gotten a HAMP 2MP permanent modification on their 2nd mortgage after getting a permanent HAMP 1st modification?

In that instance the member kept the payments current on the 2nd loan. Both my loans are with CHASE as well.

the R
Even though the 2MP doesn't require new docs, I'm not sure it will occur automatically without your pursuing it. I recommend you contact that department at Chase to follow up. Good luck!

**the R** · 01-11-2011, 12:04 PM

I got in contact with my relationship manager, and she's great compared to some I've read about here, who informed me that there is no mod processing for my second loan. Being as helpful as she has I decided against burning a bridge. I'm going to follow up with a regular rep in the morning and be the 'squeaky wheel'...