Back to the never ending saga of our mortgage situation.
Chase has offered loan modifications to customers who are having difficutly paying their mortgages. Not just the ones involved in the Wesley Snyder debacle, but those in trouble because of the economy/ARM's, etc. We filled out oodles of paperwork. Sent it in. About eight weeks later, they requested more paperwork, we sent that in. We waited.
And we waited.
Then, we waited some more.
Last week, "our guy" from Chase called. Unfortunately they wouldn't be able to offer us any type of loan modification. Keith took the call, and of course didn't ask any questions. I called the guy back and here's what he told me. We don't qualify for the loan modification because....get this....we DON'T make enough money. Huh? He said that they don't think we can make the payment even if they lower the amount. I told him that we've been making the higher payment for the last six months and he said, "but you won't be able to keep doing it." "So," I asked, "Instead of giving us the opportunity to make a lower payment, and keep our house, you're just going to write us off?" There was nothing he could do, he said. I said, how did we qualify for this loan in the first place, and he replied that Chase didn't approve the loan, it was originally with Suntrust. I asked him if when Chase aquired the loan from then, didn't they have to meet any type of criteria, and he said yes. So, apparently at one time, you thought we could make the payments and now you don't? Our income hasn't gone down, it's gone up. I work two jobs now. He said he apologized, but they couldn't do anything.
Have you ever heard anything so ridiculous? I'm flabbergasted. I keep waiting for Howie Mandell to pop out and say, "That's howie do it!"
5 comments:
none of any of this makes any sense. the way banks are using the money from the bailout, how they are NOT making it avaialable to american taxpayers, whose money they are using. it is a big pile of shit and disgusts me. if you were a ceo and wanted some of the money to redecorate your office for 1 million bucks, they would give it to you.
it's so selfish and stupid and yet there's no one to complain to. so many people are in the same boat, but who represents them? the politicians have no idea (hell, they can't figure out how to work tubo tax for pete's sake) and it's not like they're going to lose their homes. it makes you want to march into congress and demand they hear you out, that someone needs to give a damn, because that's what they're supposed to do.
jilly
Schell, become your own press agent. Write a "press release" about your situation and the latest development and send it EVERYBODY related to news gathering, politics and the bail out.
You want help writing it, send me your rough draft and I'll help punch it up and help you with the list of people to send it to.
THIS SHALL NOT STAND!
I'll get you home addresses of some the big cheeses, if that will help.
And yes, you will have to sleep with me; it'll be icky, but hey...
I think Jilly's typo of "tubo" is perfect. It's the tax form all the fat cats use.
I think Bert's right--time to take some (loud) action.
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