I am having severe financial problems and have been
trying to work with my mortgage company Chase Home finance since Jan
2009 on having my home loan modified. I have applied for aloan modification numerous times needless to say I am just being given the run around. It took 6 months but
finally I got an answer after contacting the BBB in July 09 they were offering to put me in MHA trial pay plan starting Sept 09 they gave me areduced payment of 940.33
per month, my original payment was 1567.94 by me paying this reduced amount my mortgage is now behind 6,600 dollars because they have not modified my loan in the time framethey stated which should have been 1/1 according to MHA
guidelines. I am afraid they are setting me up so they can just foreclose on our home. I call everyday and still no answers. I have had 5 different cases opened in the
Chase Executive office. And it seems that they all say the same thing I just got your case. Or I have to go through the file. Or the best one yet you have to send an updated packet??? I thought I did 14 times. I thought Obama's plan was supposed to help people not make them lose there homes. But obviously the banks dont know what they are doing or they would have never been in trouble in the first place. Thats
what greed gets you. When my home was purchased in Sept. 2005 I believe I was a
victimof Predatory Lending I was given a $175,000 loan on a $ 32,500 a year income.
Which means I only had a $2700.00 gross income plus a 250.00 monthly
obligation and they choose to give me a $ 1464.00Which was 100 % of my monthly
income. I did have a second incomein the house when I bought it, which I do not have now. I am a 32 yr old single mother who works full time and I adopted my 4 yr
old daughter in Sept 09who has special needs she has been living with me since March. My expenses have increased due to having a child in the house and
losing my additional income. I am also just went into year 5of 5/1
arm loan. Which means my monthly payment is due to increase in Oct.
MyMortgage payment is currently 56% of my monthly income not including any other bills or expenses. I have exhausted all of my options including debt
management who will not accept me due to my debt to income ratio. I
have lost an income, adopted my 4 yr old who has special needs,
and have incurred a new monthly bill for day care services and higher
transportation costs for doctor's trips. I would like to have my loan modified
so I am able to keep control of my finances and still be able to pay my
mortgage payments on time. Ifthere is anyone out there that can help me get my
loan modified I would be truly grateful. I am afraid Chase is setting me up
so I become so far behind they can just foreclose on me. I was never lateon any payments to anyone. I am being responsible for my own debt. Ihave made 9 consecutive payments under the MHA trial plan to Chase. Now I am 6,600.00 dollars
behind and they have noted my credit report. I am trying to fix this before my 4yr old
daughter and I are homeless.
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