Home Buying in Las Vegas>Question Details

soovegas, Home Buyer in Las Vegas, NV

Anyone hear of someone getting principal reductions through mediation with CHASE?

Asked by soovegas, Las Vegas, NV Tue Oct 9, 2012

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6
My son is a lawyer, he has successful done Modifications with Chase, of course it all depends on the situation. Give me a call and I can put you in touch with him. Johnny 939[-2474
0 votes Thank Flag Link Wed Oct 10, 2012
Hi Soovegas,
I do work with a someone who has helped many homeowners including Chase with loan modifications and principal reductions. Please contact me at 792-612-7099 for more information.

Rena Levy
Broker/Associate
Realty Executives
702-612-7099
Cvegashomes@gmail.com
Web Reference: Http://www.cvegashomes.com
0 votes Thank Flag Link Wed Oct 10, 2012
Hello soovegas,
I believe that Chase Bank was one of the 5 large banks involved in the $25 Billion National Foreclosure Settlement due to robo-signing practices. The government requires them to pay restitution to home owners who were wrongly foreclosed on and allows home owners who are underwater to mediate with these banks to get their principals reduced.

Check out this article for more details:

http://nationalmortgagesettlement.com/about

Hope this is helpful!

Laura Feghali
Prudential Connecticut Realty
0 votes Thank Flag Link Wed Oct 10, 2012
I have not heard of principle reductions through Chase. I do have confirmation from a business associate that a homeowner in their family did receive the talked about Bank Of America 2nd loan Foregiveness . I will stay tuned for information on any Chase principle corrections.
Thank You
Suzie Marquardt
0 votes Thank Flag Link Wed Oct 10, 2012
I don't know if he had his principal reduced, but I do know someone who was successful in getting his loan modified thorough Chase. He actually works for Chase as well. Apparently the trick is perseverance, pure and simple.
0 votes Thank Flag Link Wed Oct 10, 2012
It depends on your situation. Are you speaking to a representative or a negotiator?
0 votes Thank Flag Link Wed Oct 10, 2012
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