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Loan Modification? Are You A Chase Customer? Here Are Some Tips!

By
Real Estate Broker/Owner with Mike Litton, Broker Associate CA BRE #01129886

Loan Modification? Are You A Chase Customer? Here Are Some Tips!

Recently I have had the opportunity to speak with a number of people that currently have Chase as their home loan lender. Many of these homeowners originally worked with Washington Mutual and EMC Mortgage to finance the purchase of their current homes. Many of these homeowners are very nervous about even trying to do a loan modification, mostly because they don't know what to do and they have never done one before. Many do not want to call into a call center and work with an anonymous voice on the other end of the line. Many are worried because they have applied for a loan modification and they are frustrated with the process. Many are losing sleep at night because of the loan modification horror stories they have heard.

Chase HOC

If you are a Chase customer and would like to do a loan modification or see if you are eligible, here are some tips:

Seek out the Chase Homeownership center near you, make an appointment and go! The advantage to this approach is you have an opportunity to sit face to face with a Chase Loan Advisor and you can get some immediate feedback and advice!

Chase HOC Class

To find the Chase Homeownership Center near you simply click here!

If you live in San Diego County:

For the La Mesa, CA Center click here!

For the Chula Vista, CA Center click here!

If you live in Riverside County:

For the Riverside, CA Center click here!

Make sure to bring this information with you:

• Completed Request for Mortgage Assistance Form

• Completed 4506-T 

• Bank statements for the past two months

• Your two most recent pay stubs (if you're self employed/independent contractor, bring your most recent profit/loss statement)

 

Mark your calendar and make the trip to the Chase Home Owner Assistance Event near you!

If you live in Southern California, there are two events coming up very soon in Los Angeles and Ontario click here!

Homeowner Assistance Event

Make sure to bring this information with you:

• Completed Request for Mortgage Assistance Form

• Completed 4506-T

• Bank statements for the past two months

• Your two most recent pay stubs (if you're self employed/independent contractor, bring your most recent profit/loss statement)

Again, the advantage to this approach is that you can sit face to face with a Loan Advisor and you can immediate feedback and advice!

Recently, the Home Owner Assistance Events have been very popular, so make sure to arrive early, bring a folding chair, some water, wear comfortable shoes, wear enough layers to keep you warm and don't forget your patience!

If you don't like crowds or standing in line, seek out the Homeownership Center nearest you and make an appointment.

Please don't let your fear or a feeling of embarrassment keep you from at least trying. Please remember, it is the unknown we fear the most!

If you would like to see if you can refinance your home, click here!

If you have decided to sell your home and move on click here!

Whatever you decide, try to avoid foreclosure. It can have devastating effects on your credit and your finances.

You can recover from a foreclosure it just takes a lot of effort and time.

I hope this helps you or someone you know!

Thank you for this opportunity!

Sincerely,

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Mike Litton, SFR, CDPE, FSP, PSC

Broker/Owner/Realtor

Keller Williams Realty North County San Diego

760-802-9500

reomike@cox.net

www.littonrealtygroup.com

DRE License #01129886

 

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Comments(2)

Anonymous
April Erickson

I have been working with Chase for 2 years to get a modification.  I have been turned down for so many reasons you wouldn't believe it. 2 years ago, my husband died, I was laid off, income from my investment property stopped paying and  on and on it goes.  They continue to send me letters saying I have too many assets, I am on unemployment, I am not on unemployment and I don't have a job.  They say I need to show I have worked for 2 months.  I am on Social Security and am 65 years old.  I have almost used up all me credit in the 2 years and will probably have to foreclose if I don't receive assistance ASAP. 

I know I am not alone, but this has been a literal nightmare. 

April Erickson

 

Feb 21, 2011 11:46 AM
#1
Mike Litton
Mike Litton, Broker Associate - Escondido, CA
Realtor - 760-522-1227 - Homes For Sale Escondido

Hi April,

I totally understand your frustration. I too had my application for loan modification declined.

Have you visited a Chase homeownership center? If not, try this link Chase Homeownership Centers.

I visited the one in San Diego/La Mesa CA with a friend of mine and I was very impressed with the the loan advisor we met with.

I am truly sorry that you are going through this.

I wish you all the best! 

Mike Litton

 

Feb 21, 2011 03:16 PM