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Chase Home Finance, Social Circle, Georgia Complaints & Reviews - Homeowners Assistance |
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Homeowners Assistance
Complaint Rating: 
Company information:
Chase Home Finance / Columbus, OH
Social Circle, Georgia
United States
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My wife and I filed for homeowners assistance back in Aug. 09. We had recently been discharged from a Bankruptcy in June. 09. We informed Chase of this in advance and they stated we were eligible for the Homeowners Assistance Program. We made our first 3 payments beginning September as per their request. We mailed all our payments certified with a return receipt. Chase has now informed us on Jan. 13 2010 by a phone call that we initiated to follow up on our paperwork, that we were dropped as of Dec. 4 2009 from the Program. The representative from the Loss Mitigations Dept. stated that she would have someone contact us for follow-up. I am very displeased, but await further info: before jumping the gun on further action!!! |
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So many people are asking me, RMS how do you know if a modification is going to be approved or even if it can be approved? It is an easy task really. I will explain and wait to hear your arguements and comments to this new section to my group. When loan modification companies came into being, they did mostly what any of you would be doing, contacting the company directly and doing the waiting game. They would do no more or less than the average homeowner would do. Even when the Obama administration started the Home Affordable modification program, those companies were still taking money from the unsuspecting homeowner and still following the procedure of waiting and hoping, using the good luck probability for the mortgage company to tell them they had a good modification. However, how does that help the homeowner? When the modification can be approved only when it is cost effective for the mortgage company? How indeed! There is no clear way to complete a modification unless you have clear and precise directions to show that the modification is in YOUR (the homeowners) best interest. Sure, the mortgage company is looking for the best and most cost efficient way to resolve the problem. The problem with that is that they are more often than not, obliged to take the property and resell it, rather then keep the present owners in house and work out a settlement. In their eyes it would be financially unwise to keep a person that is in default in their property, regardless of the fact that the home may have been in their family for years or that their children may have grown up in that home or any other reason that most homeowners feel are good reasons to have the mortgage company allow them to keep their home. So in light of that, what is the alternative? I will let you in on a secret that is coming to light as we speak. Most homeowners are just now hearing about what is called a Forensic Loan Audit. This is a great new way to bring about a change to the homeowner that is afflicted with a mortgage company that seems not to care about them being on the verge of losing their home. They can fight tooth and nail for a modification, but if they are fighting for the mortgage company to decide their fate without the resources that give them something to fight with, it will be to no avail. A forensic loan audit takes the loan you currently have and looks for violations. Not just any violations, but violations of the laws that were put in place to help homeowners avoid being manipulated by the mortgage companies, and predatory lending practices. These violations do not have to exist in the current mortgage company you have, but rather could have occurred when you first purchased the property. The beginning lender could have written them into your documents and when you signed, not fully aware of what you signed, you could have signed a document that was legally setting you up to fail. The forensic loan audit searches for just such types of violations of RESPA and TILA, while making a case for you to present to your mortgage company to say that since there are violations in your loan documents to begin with, you can not legally be subjected to owing their company for the balance of your loan. The trick is then to use the findings of the loan audit as leverage to win an equitable loan modification for you to be able to live with. Something comfortable when you consider your income and expenses every month. The first step is the actual loan audit. Once it is complete and you see what violations you may have, the next step is requesting the actual modification. However if you request the modification before you know what violations you have if any, you are playing into the hands of the mortgage company, and giving them the edge to deny you, or worse to take your home from you. So what do you think? Would you like to know more about a loan audit? How about a company that could provide an attorney written loan audit of your case? Would you like to know more? If so, contact me at realtymediationservicesinc@yahoo.com and let me know how interested you would be in this matter and we can go from there. Remember that the only wrong question is the one you don't ask. Until then, good luck in your endeavors.
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19th of Jan, 2010 by 
