Hi Orlando,

My website http://www.PeaceofMindinParadise.com may be able to provide you with information and solutions.

Patrick Casey, CDPE
MW & Associates
305-968-7557

Direct, persistent (politely but firmly), communication with Chase is critical. Push for a modification of your loan terms and hold out until they cooperate. Your job on this project is not a fun one and will prove frustrating, but you can do it yourself without paying anyone to help by assuring you are adamant about follow up, supply thorough and accurate information, and speak to them as a well informed consumer with zero emotion: treat it like a business transaction. They WILL modify, but it will take a great deal of persistence on your part!

Kim

Disclaimer: I am a licensed real estate broker and property/casualty insurance agent in the State of Ohio, providing information and sharing experiences acquired over 15 years in the industries. I do not profess to be qualified to give advice in any other field, though will share opinions and information obtained during my course of work. It is always highly recommended that consumers seek counsel from a specialist in each area in which there is a question or concern.

Hi Orlando,

Hi Orlando,

The banks, especially the Chase, are approving loan modifications for customers. The problem I see is you are not submitting the information right, how they need to put it in the system. I have been doing loan modifications during this last year. I already talk to the Hope Team, and they help you, but they don't do the loan Modification for you. It takes times to speak with the bank, a lot. Put all the package together. Make some document as Loss and Profit. Revise your Bank Statement, also the hardship letter. It takes times. I have done them a lot. Call me I can give you my opinion and help you.

Go the http://www.NaCA.com

they are a HUD approved non profit organization. Will do a loan modification for you. NEVER pay any money for that, it is now illegal for agents and attorneys to charge.

Good Luck

Foreclosures are taking longer now because they are giving the owners the opportunity to try to negotiate a modification with the bank. Your best bet is to contact an attorney who handles loan modification since they have the expertise to negotiate with the bank for you. If you can provide proof that you cannot pay your current mortgage, I am sure you will be able to negotiate a modification on your loan. Good Luck....

this seems to me is all PS

I know a very good loss mitigator. She is a lawyer and realtor and gets short sales really done. She has helped a lot of people that are in the same situation as you. Let me know if you are interested in getting her contact details. She is in Miami.

My email is karin@bertrandrealtygroup.com.

call me
samir kraziem

786-515-8957

Orlando, I'm sorry, I can't help you in regards to your question. I'm not from your area and I don't know about Chase specifically.

I just wanted to say that there is nothing stupid about your question. A lot of people are going through a situation similar to yours and you have every right to want to know what may be coming your way and things you can possibly do about it.

That being said, I will get out of your way now and hope that there is somebody out there that can REALLY help you.

The best of luck with everything.

You've posted these questions SO many times in this forum; you REALLY need to get a Realtor or an Attorney to help you. This is NOT the venue to solve this problem in!

Typically the bank will send out a notification after you are 30 days late. With owing $3500 in late payments on a 120,000 loan I am guessing you are more than 60. Since the bank is not allowing you to do a loan modification it does sound like they are letting you pay less then the amount due so they are accepting something. Perhaps you should talk to the loss mitigation department and see what (if any) options are still available for you.

Also check with your county that you live in see if there are any programs out there that might be able to help you get caught up. Typically what they do is pay the loan up to current for you but then the loan will get tacked on as a lien on your home. When you go to sell the home that lien is then paid off by you from part of the sale proceeds. Not sure about Florida if they have this type of relief but they very well may and it will at least get you current. However it will not solve the problem for the future.

If that's not a good alternative for you then you may need to talk to a realtor in your area fo see if selling the home is the right alternative for you.

Best of luck to you.
Laura Reeves - Realtor-Associate
Crossroads Realty
Toms River, NJ
mynjagent@aol.com