It Is Official Chase SUCCESS!! - Page 2 - Loan Modification Forum

minglewood · 04-20-2008, 07:34 PM

Quote:

Originally Posted by RudyJay

Is this true.? All my other bills are late and I am currently trying to figure out how to get through this month

According to my attorney - lenders of late are more willing to talk to people who are still current - but still make it tougher on you and give priority to borrowers who are 3+ months late.

RudyJay · 04-20-2008, 08:05 PM

I appreciate the response. How scary because once I get behind in something it is hard to catch up.. Thanx for your response... So there really isn't a happy medium

RudyJay · 04-24-2008, 11:29 AM

Did my every other day follow up.. Nothing new except "Lisa" said loan mods taking longer.. because of backlog.. I am still in underwriting ...

RudyJay · 04-24-2008, 11:33 AM

Just an observation. As we call to follow up on progress a great deal of how we feel after the call is based on the " customer service rep " responses.

Moe Bedard · 04-24-2008, 09:25 PM

RudyJay..........

This is so true.................

I hope you get your approval soon........

RudyJay · 04-25-2008, 10:50 AM

Yes I know about learning the patience thing. Hopefully we will get approved soon.. and I do suppose the loan mitigators reps who talk to us are trying hard to answer questions and yet not divulge information which we can misconstrue. I know all this and it is still hard... so... but *** if you did it we can toooooooooooooo....Thanx

schwefls · 04-25-2008, 11:55 AM

I found the waiting to be the hardest part, try this thought it worked for me "no news is good news:. I am aure it will all work out for you, just continue to hang in there.

RudyJay · 04-25-2008, 12:43 PM

Quote:

Originally Posted by schwefls

I found the waiting to be the hardest part, try this thought it worked for me "no news is good news:. I am aure it will all work out for you, just continue to hang in there.

You know the support of this forum is a useful tool for all those who stop in. Not only for the moral support but the information and empowerment through those who "Have gone through" and the ultimate self empowerment tool of information

RudyJay · 04-28-2008, 05:07 PM

The mortgage will adjust again June 1st. I followed up on status and it is still the same...under review... and according to "Chalise" all the files are taking longer to review.. Call back in two weeks.. I mentioned about the adjustment in June.. She said please try to make the payment if it comes to that? This adjustment last adjustment was hard to make. We have restructured our expenses to make the current payments.. suffering other bills. When is a good time for a QWR?

Moe Bedard · 04-28-2008, 06:13 PM

RudyJay,

Have you received the adjustment letter yet? Because with the rate indexes most are staying the same and not adjusting up.......atleast until the next adjustment period........

RudyJay · 04-28-2008, 06:17 PM

Yes I did. Last week. Says I am going from 8.05% to 8.625% on June 1,2008

RudyJay · 04-28-2008, 06:23 PM

It says:

The index upon which your interest rate is calculated has changed from 5.132% to 2.614%. This means means that on 05/01/08 the interestfrate on your adjustable rate mortgage loan will change from the current rate of 8.05% to 8.625%.

Down further in the letter says Your interest rate is calculated by adding 5.950 percentage points to the current index.

Moe Bedard · 04-28-2008, 06:28 PM

Well that is a bummer............

Just keep up the calls for the updates..............I did.....

RudyJay · 04-28-2008, 06:35 PM

Thanx for the support ... yes I am going to continue the calls ...

RudyJay · 04-28-2008, 06:36 PM

Oh yeh... I gotta get this done if not it will continue to be adjusted every 6 months....

RudyJay · 04-30-2008, 12:34 PM

Well my follow up today with Amy said I am in underwriting and I am assigned to an underwriter as of yesterday 4/29/08. She said that people are getting notifications in the mail but I should call back in two weeks. Well we'll see where in underwriting I am on Friday.

Moe Bedard · 04-30-2008, 12:46 PM

Thanks for keeping us posted.....................

I hope you get good news sometime soon..........

RudyJay · 05-05-2008, 06:01 PM

Follow up today. Still in underwriting. Called HOPE NOW today and talked to a housing counselor. I am actually trying to use all resources being proactive while waiting for word on the loan modification.. I do have a concern though my monthly expenses are different than I had originally submitted in March because I paid off a loan borrowing $ from family which the housing counselor says $298 surplus.

Moe Bedard · 05-05-2008, 10:41 PM

RudyJay,

You should still be fine with that figure for Chase.............

Thanks for the update......

RudyJay · 05-06-2008, 10:19 AM

Thanx for the post ***. The housing counselor said that he will be forwarding updates to Chase per our discussion..

RudyJay · 05-12-2008, 04:36 PM

Well I got to talk to Amy from Chase today. Update.. moved through underwriting and waiting for management approval... is this good? She said I should follow up again this week..

susie · 05-12-2008, 08:57 PM

I believe this is good- I hope it is!
That is where ours is too. I am hoping we'll have some news by the end of the month.

Let us know what you hear!

RudyJay · 05-12-2008, 09:20 PM

Thanx Susie..

RudyJay · 05-12-2008, 09:22 PM

Good luck to you as well..RJ

Moe Bedard · 05-12-2008, 09:47 PM

RudyJay,

That is the final stages...........you are almost there.........

04-20-2008, 08:05 PM	#27 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Well it went like this...HELP I appreciate the response. How scary because once I get behind in something it is hard to catch up.. Thanx for your response... So there really isn't a happy medium

04-24-2008, 11:29 AM	#28 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: Still Waiting for Chase Did my every other day follow up.. Nothing new except "Lisa" said loan mods taking longer.. because of backlog.. I am still in underwriting ...

04-24-2008, 11:33 AM	#29 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Still Waiting for Chase Just an observation. As we call to follow up on progress a great deal of how we feel after the call is based on the " customer service rep " responses.

04-24-2008, 09:25 PM	#30 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase RudyJay.......... This is so true................. I hope you get your approval soon........ __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

04-25-2008, 10:50 AM	#31 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Yes I know about learning the patience thing. Hopefully we will get approved soon.. and I do suppose the loan mitigators reps who talk to us are trying hard to answer questions and yet not divulge information which we can misconstrue. I know all this and it is still hard... so... but *** if you did it we can toooooooooooooo....Thanx

04-25-2008, 11:55 AM	#32 (permalink)
schwefls New Member Guide & Litton Success Join Date: Jan 2008 Location: New Jersey Posts: 1,090 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase I found the waiting to be the hardest part, try this thought it worked for me "no news is good news:. I am aure it will all work out for you, just continue to hang in there. __________________ Lynn Successful thanks to this forum Loan Safe Guide

04-28-2008, 05:07 PM	#34 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Waiting for Chase still The mortgage will adjust again June 1st. I followed up on status and it is still the same...under review... and according to "Chalise" all the files are taking longer to review.. Call back in two weeks.. I mentioned about the adjustment in June.. She said please try to make the payment if it comes to that? This adjustment last adjustment was hard to make. We have restructured our expenses to make the current payments.. suffering other bills. When is a good time for a QWR?

04-28-2008, 06:13 PM	#35 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase RudyJay, Have you received the adjustment letter yet? Because with the rate indexes most are staying the same and not adjusting up.......atleast until the next adjustment period........ __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

04-28-2008, 06:17 PM	#36 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Yes I did. Last week. Says I am going from 8.05% to 8.625% on June 1,2008

04-28-2008, 06:23 PM	#37 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase It says: The index upon which your interest rate is calculated has changed from 5.132% to 2.614%. This means means that on 05/01/08 the interestfrate on your adjustable rate mortgage loan will change from the current rate of 8.05% to 8.625%. Down further in the letter says Your interest rate is calculated by adding 5.950 percentage points to the current index.

04-28-2008, 06:28 PM	#38 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Well that is a bummer............ Just keep up the calls for the updates..............I did..... __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

04-28-2008, 06:35 PM	#39 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Thanx for the support ... yes I am going to continue the calls ...

04-28-2008, 06:36 PM	#40 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Oh yeh... I gotta get this done if not it will continue to be adjusted every 6 months....

04-30-2008, 12:34 PM	#41 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Well my follow up today with Amy said I am in underwriting and I am assigned to an underwriter as of yesterday 4/29/08. She said that people are getting notifications in the mail but I should call back in two weeks. Well we'll see where in underwriting I am on Friday.

04-30-2008, 12:46 PM	#42 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Thanks for keeping us posted..................... I hope you get good news sometime soon.......... __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

05-05-2008, 06:01 PM	#43 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	While I am Waiting for Chase Follow up today. Still in underwriting. Called HOPE NOW today and talked to a housing counselor. I am actually trying to use all resources being proactive while waiting for word on the loan modification.. I do have a concern though my monthly expenses are different than I had originally submitted in March because I paid off a loan borrowing $ from family which the housing counselor says $298 surplus.

05-05-2008, 10:41 PM	#44 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase RudyJay, You should still be fine with that figure for Chase............. Thanks for the update...... __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

05-06-2008, 10:19 AM	#45 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Thanx for the post ***. The housing counselor said that he will be forwarding updates to Chase per our discussion..

05-12-2008, 04:36 PM	#46 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Well I got to talk to Amy from Chase today. Update.. moved through underwriting and waiting for management approval... is this good? She said I should follow up again this week..

05-12-2008, 08:57 PM	#47 (permalink)
susie Senior Member Join Date: Apr 2008 Posts: 34 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase I believe this is good- I hope it is! That is where ours is too. I am hoping we'll have some news by the end of the month. Let us know what you hear!

05-12-2008, 09:20 PM	#48 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Thanx Susie..

05-12-2008, 09:22 PM	#49 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase Good luck to you as well..RJ

05-12-2008, 09:47 PM	#50 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting for Chase RudyJay, That is the final stages...........you are almost there......... __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

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