New Loan Modification Guidelines Under Obama's Federal Plan

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New Loan Modification Guidelines Under Obama's Federal Plan

There are two types of homeowners for which the home modification program is geared. The first is a group of borrowers who are able to pay their mortgages but who were denied refinancing because they owed more than their property is …

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Here is a response on similar topic:-

Anyone had any success with the making home affordable/loan modification program with chase.?

I’ve completed my 3 month trial with Chase and now they’re just stalling. I was suppose to get me permanent mod in July but that is not happening. All of a sudden I became "MAY not qualify for the mod" from being qualified originally.

I’ve contacted the executive team and they are looking into it.
You should call the executive team 800-242-7399. they will help you expedite your application. good luck

FYI, here is a list of recently published Posts on same topic:-

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New Loan Modification Guidelines Under Obama’s Federal Plan

I though that might be of interest :-)

Here is a news article on related topic:-

Mortgage servicers slow to give help

About 394000 of the loans are eligible for the loan-modification program. Through the end of July, Chase had done workouts on 79000, or 20 percent, of them,

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3 Comments

  1. Marceline Romero says:

    Absolutely love your loan modification vs short sale blog! Definitely bookmarking it.

  2. Ike Boike says:

    To secure loan mod acceptance, get yourself acquainted with the new rules and regulations for arranging a new loan modification in you area and for your particular bank through the aid of a specialized who is proficient in processing successful loan mod applications. Don”t also forget to get all the important documents prepared ahead of submitting the application to your loan provider .

  3. Ivana Puffinberger says:

    To have loan mod approval, become aware of all the new rules and regulations for preparing a new loan modification in you area and for your particular mortgage company having the assistance of an experienced who is knowledgeable in submitting successful loan mod applications. Don”t also overlook to get all the necessary paperwork prepared prior to presenting the application to your mortgage lender .