Comments on: Loan Modifications Are A Joke http://www.myequitypro.com/2009/01/27/loan-modifications-are-a-joke/ The Skinny From A Top Player In The Mortgage World Wed, 09 Nov 2011 19:20:00 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Collin http://www.myequitypro.com/2009/01/27/loan-modifications-are-a-joke/comment-page-1/#comment-1592 Collin Mon, 23 Aug 2010 21:15:07 +0000 http://www.myequitypro.com/?p=797#comment-1592 You will not get a modification from Chase. Period. They have no intention of granting them, they did not want to have this program to begin with. Everyone who has tried it has had the EXACT same things happen to them, over and over: you'll have to submit and re-submit your paperwork (minimum of 100 pages) two or three times, they will "lose" or claim that they have no received other articles, they will "accidentally" send your stuff to the wrong department, they will not return your calls or emails, and they will bounce you from one loan officer "in charge of your case" to another. Agents who have worked for Chase have been quoted in the media as saying that they are instructed to give customers the run-around. Why do you think that 50% of the people who attempt to enroll in this program drop out? Do they suddenly lose interest in keeping their homes and decide that it's too much trouble to fill out an application? You will not get a modification from Chase. Period. They have no intention of granting them, they did not want to have this program to begin with. Everyone who has tried it has had the EXACT same things happen to them, over and over: you’ll have to submit and re-submit your paperwork (minimum of 100 pages) two or three times, they will “lose” or claim that they have no received other articles, they will “accidentally” send your stuff to the wrong department, they will not return your calls or emails, and they will bounce you from one loan officer “in charge of your case” to another. Agents who have worked for Chase have been quoted in the media as saying that they are instructed to give customers the run-around. Why do you think that 50% of the people who attempt to enroll in this program drop out? Do they suddenly lose interest in keeping their homes and decide that it’s too much trouble to fill out an application?

]]> By: MANASUI JOSHI http://www.myequitypro.com/2009/01/27/loan-modifications-are-a-joke/comment-page-1/#comment-1367 MANASUI JOSHI Tue, 12 Jan 2010 13:07:27 +0000 http://www.myequitypro.com/?p=797#comment-1367 this Loan Modifications Are A Joke | Your Mortgage Planner 2.0 Blog is great. Have a look at this too jokesmsquote.com this Loan Modifications Are A Joke | Your Mortgage Planner 2.0 Blog is great.
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]]> By: Ravi http://www.myequitypro.com/2009/01/27/loan-modifications-are-a-joke/comment-page-1/#comment-851 Ravi Mon, 20 Apr 2009 07:20:17 +0000 http://www.myequitypro.com/?p=797#comment-851 Hi... I want to thank William Doom for emphatically say so on his post. He provides a five step process to guide consumers seeking to do a loan modification. The best,Loan Modifications Are A Joke. Hi…
I want to thank William Doom for emphatically say so on his post. He provides a five step process to guide consumers seeking to do a loan modification. The best,Loan Modifications Are A Joke.

]]> By: Will You Be My Valentine? | Everything about Home Mortgage - Mortgages, Home Equity Loans, Refinance, Mortgage Rates and more http://www.myequitypro.com/2009/01/27/loan-modifications-are-a-joke/comment-page-1/#comment-762 Will You Be My Valentine? | Everything about Home Mortgage - Mortgages, Home Equity Loans, Refinance, Mortgage Rates and more Wed, 18 Mar 2009 10:19:59 +0000 http://www.myequitypro.com/?p=797#comment-762 [...] modifications are a joke and I want to thank William Doom for emphatically say so on his post.  He provides a five step process to guide consumers seeking to do a loan modification. The best [...] [...] modifications are a joke and I want to thank William Doom for emphatically say so on his post.  He provides a five step process to guide consumers seeking to do a loan modification. The best [...]

]]> By: Will You Be My Valentine? | Arizona Mortgage Guru http://www.myequitypro.com/2009/01/27/loan-modifications-are-a-joke/comment-page-1/#comment-524 Will You Be My Valentine? | Arizona Mortgage Guru Mon, 09 Feb 2009 17:23:29 +0000 http://www.myequitypro.com/?p=797#comment-524 [...] modifications are a joke and I want to thank William Doom for emphatically say so on his post.  He provides a five step process to guide consumers seeking to do a loan modification. The best [...] [...] modifications are a joke and I want to thank William Doom for emphatically say so on his post.  He provides a five step process to guide consumers seeking to do a loan modification. The best [...]

]]> By: Loan rate | Finance and Money Articles http://www.myequitypro.com/2009/01/27/loan-modifications-are-a-joke/comment-page-1/#comment-518 Loan rate | Finance and Money Articles Mon, 09 Feb 2009 03:34:04 +0000 http://www.myequitypro.com/?p=797#comment-518 [...]  Loan Modifications Are A Joke | Your Mortgage Planner 2.0 BlogPosted by yourmortgageplanner via StumbleUpon   [...] [...]  Loan Modifications Are A Joke | Your Mortgage Planner 2.0 BlogPosted by yourmortgageplanner via StumbleUpon   [...]

]]> By: Mortgage Reviewer » Blog Archive » Loan Modifications Are A Joke | Your Mortgage Planner 2.0 Blog http://www.myequitypro.com/2009/01/27/loan-modifications-are-a-joke/comment-page-1/#comment-308 Mortgage Reviewer » Blog Archive » Loan Modifications Are A Joke | Your Mortgage Planner 2.0 Blog Wed, 28 Jan 2009 10:36:50 +0000 http://www.myequitypro.com/?p=797#comment-308 [...] is the original post: Loan Modifications Are A Joke | Your Mortgage Planner 2.0 Blog Read [...] [...] is the original post: Loan Modifications Are A Joke | Your Mortgage Planner 2.0 Blog Read [...]

]]> By: Becky Wyatt http://www.myequitypro.com/2009/01/27/loan-modifications-are-a-joke/comment-page-1/#comment-297 Becky Wyatt Wed, 28 Jan 2009 00:26:53 +0000 http://www.myequitypro.com/?p=797#comment-297 You speak the truth William! To add to this...be sure you understand if the modification is a permanent or temporary change to your loan terms. The bank may suggest they put you in an adjustable rate mortgage and will revist terms with you in a year. I thought there were 3 choices: HARDSHIP ADJUSTMENT (more paperwork), LOAN MODIFICATION or a PORTFOLIO REFINANCE (where you the bank refi's you to keep your business). www.ArizonaHomeTalk.com You speak the truth William!

To add to this…be sure you understand if the modification is a permanent or temporary change to your loan terms. The bank may suggest they put you in an adjustable rate mortgage and will revist terms with you in a year.

I thought there were 3 choices: HARDSHIP ADJUSTMENT (more paperwork), LOAN MODIFICATION or a PORTFOLIO REFINANCE (where you the bank refi’s you to keep your business).
http://www.ArizonaHomeTalk.com

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