I am reaching out to see how many others are out there like me. To make a long story short - Chase approved us for a loan modification in October of 09. This trial modification reduced my payment until they can get me into a permanent situation. All along I was told as long as there is no significant change in your situation, I can't see why this couldn't get into a permanent situation. Well I found out yesterday that I have been denied, I am now 4 months behind and they are demanding that I pay that over a 6 month timeframe. When I was trying to get an answer as to why I was denied, I was told we didn't make enough money. The interesting thing is that in January, we were actually making MORE money then when they approved us for our temp mod. Question is, if I didn't make "enough money" then why would they approve me AT ALL? I feel like I have been taken for a ride and that Chase put us in a worse situation that is almost going to be impossible to come back from at this point. I am seriously considering a class action lawsuit, but have no idea where to begin and how many others are out there in my situations?!?!?!
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