Chase Loan Modification Fraud

Chase Loan Modification Fraud

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“ Soon: too late to protest”

Since: Jan 09

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#1 May 14, 2012
Interview with Mitt Romney about foreclosures:

NARRATOR: Almost half of Arizona homeowners under water. Foreclosures everywhere. And what’s Mitt Romney’s plan?
MITT: Don’t try and stop the foreclosure process. Let it run its course and hit the bottom.
NARRATOR: Let Arizonans hit the bottom?
ROMNEY: Don’t try and stop the foreclosure process. Let it run its course and hit the bottom.
NARRATOR: Mitt Romney’s message to Arizona: you’re on your own.
SCHNEIDERMAN: Well, I think we’ve done some things. I think the president’s move this week was a good step. I’m a prosecutor and I took office in January, and Beau Biden, who’s the attorney general of Delaware, and I, thought we really needed to dig in a little bit deeper. And we were doing an investigation into what caused the bubble and the crash in the housing market. And it’s really not all that obtuse. I mean, there are a lot of folks who are trying to rewrite history and paint it like it was a volcano or an earthquake and that now we can move on to the problem of paying too much to cops and teachers and firefighters. This was a manmade crisis. It was created by regulatory neglect and greed. I assure you, without telling you about secrets of our investigation, we have not found a trace of evidence that a cop, firefighter, teacher, or sanitation worker contributed to blowing up the American economy. So, we’re digging in and think we can do more. We think we’re going to be able to obtain real meaningful relief. There are 11 million whose homes are underwater not just in Arizona but all across the country. We think we have to hold accountable to people who caused this disaster. And just as important, as I say, we got to get this out in the open so they can’t rewrite history. I mean, Mr. Romney’s comments, we should just let things hit bottom — this is the same sort of deregulatory mania that they were dishing out in 2005 and 2006. That didn’t work so well for the economy.
MADDOW: Did this catastrophe happen because — as far as what you have been able to determine so far, because deregulation proceeded to a part — to a point where banks could act legally in a way that was nevertheless, dramatically, fiscally irresponsible or are we looking at a case of potential illegal behavior — behavior that was against the law despite the fact that they had been so deregulated? SCHNEIDERMAN: Well, that’s why you have an investigation. There may well have been a combination of the two. There’s no question that they dismantled a lot of the safety mechanisms that have protected our markets for a long time. But, you know, we’re also looking at the conduct of individual institutions and individuals to see if there were misrepresentations made, to see if there was fraud committed, to see if criminal acts were also a part of this. And that’s what Beau and I are looking at and we’re determined to follow it through until we get the relief the homeowners need and hold accountable the people who caused this.
(next post)

“ Soon: too late to protest”

Since: Jan 09

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#2 May 14, 2012
4 Closure Fraud w/ Rachel Maddow interview NY
http://4closurefraud.org/2011/10/27/rachel-ma...

Chase Bank customers are to blame for financing the most powerful bank stockholder in the Rothschilds’ Federal Reserve Private Company.
The only exception are those who have loans with Chase, and can’t get loans with other banks because Chase, the primary villain behind the bank foreclosure scam, has damaged their credit score.
Great links, providing great information about the ILLEGAL ‘Federal Reserve’ private company at
www.legalparasites.net

“ Soon: too late to protest”

Since: Jan 09

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#3 May 15, 2012
July 26, 2011. I have numerous chase accounts and we are currently in the process of getting a third Chase loan.
We called to ask where the appraisal was as it was due in two days. We've come to find out it was never ordered. We also had not signed any paperwork yet. He never asked for the appraisal! He had weeks, yes weeks, to do it and he said "he's just been too busy". We had to get an extension with the seller's realtor. He also never locked in our loan rate until I had to ask why it wasn't done. His response was "I forgot".
Update 8-3-11: I was supposed to close on 7-29-11 and we were able to move in but had to pay rent for $35.00 a day till today (Wednesday) for Chase is not doing the loan. It's 10:43am and my closing is at 12:00 today and no one can tell us how much money we need to close! The lawyers for us and the seller have tried to get it from the bank but no one had answers! One hour till I close and we have no information. This is the 6th mistake Chase has made on the loan and I am unbelievably disgusted with Chase.

“ Soon: too late to protest”

Since: Jan 09

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#4 May 15, 2012
We are self-employed and a few months ago got 3 months behind on our house payment. We called Chase, got on a repayment plan and filled out all of the information needed to get on a loan modification plan. We have been making payments on the new amount to catch up on months behind. Today, I called to make a monthly payment. They won't accept it because, according to them, we are 4 months behind.
The customer service representative that was working our loan modification application is not working it anymore - no one is. One agent told me that we haven't made a payment since July. I kept asking all of the four agents I was transferred to, what should I do? No one had an answer. After 2 hours of the run around, they hung up on me. I don't really know what to do?

“ Soon: too late to protest”

Since: Jan 09

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#5 May 15, 2012
They have completely shoddy and unprofessional attitudes in dealing with mortgage loans and escrow accounts (taxes & HO insurance). I have had WAMU before for 7 years, and the 3 years with Chase, have been nightmarish at best. For 3 years straight (!) the HO insurance send my documents to a wrong address, even though for 2 years, they have had the right address and phone number, and the HO insurance was cancelled. Then they want to charge your escrow, which is three times the amount of insurance, that they pick for you.
School taxes weren't paid last year. I got a letter from the Tax Department, that I owe the past due, plus interest and late charges, or they will put a lien on the property. I had to do all the legwork and many calls to their tax department and tax bureau. I finally got a case number, and still was charged the late fee, even though it wasn't my fault (escrow has all of my money in it). Mortgage borrowers, beware of this company. Do not finance a loan through Chase. I tried to get out of this company 2 years ago, with a refinance, and I expressively told the third party lender. I did not want Chase, but guess what, they lied to me, and the loan again was financed by Chase, and I even had to pay extra fees to avoid this. Beware of this fraudulent company!
I will party like no other, when my loan is finally paid off, and I am released from Chase. Of course at that time, I will definitely get a lawyer to make sure they pull no fast ones, like tens of thousands of other poor souls posted here. How they are still in the banking/financial business, is almost mind boggling to me.
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“ Soon: too late to protest”

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#7 May 15, 2012
Chase bank is making an attempt to steal our house and property after 16 years of making payments on time and never being late on house payments or taxes. Chase put me in an escrow account. Our account was paid and in a "0" balance, when Chase bank sent in another check. They will not fix this problem that is on their end. They paid a portion of our taxes and set us up for foreclosure.

“ Soon: too late to protest”

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#8 May 16, 2012
We've been trying for over year to get a modification on our home. We have been turned down 6 times; their reason has never been shared with us as to why. The fixed loan had jumped up twice since 2009. We have never been showed, told, or given any proof. We are truly disgusted by the bank practices and lies.

“ Soon: too late to protest”

Since: Jan 09

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#9 May 16, 2012
After doing business with Chase for 26 yrs we got involved in a trial modification for 3 months that turned into 8 months and it increased our mortgage payment by 230.00. We were lied to. Chase had us believing we were going to be helped and instead our payment was increased. Our credit was destroyed showing 120days past due on our mortgage .

“ Soon: too late to protest”

Since: Jan 09

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#10 May 16, 2012
For over 2 years, I have been working with Chase to get a modification. I spent many hours on the phone and never got answers for questions - always was still processing. Finally, I got a temporary modification, so I set up the payment over the phone. Chase drafted my account twice on the same day. I called them and they said there was nothing they could do, so I had my bank reverse the 1 payment.
Seven days later, Chase put the payment through. Again, I called and no one, after 2 hours on the phone, could help me. As of today, I am still overdrawn in my checking account. I have so many fees from being over drafted. I have not a dollar to my name because of Chase. I am a single mom and cannot even feed my children.
Since August 10, Chase bank has not returned my money. When I call, no one can help, and I am told someone will get back to me. I am so upset over this. My daughter just started school, and I cannot get her supplies since paying 2 mortgage payments a month was not in my budget. And one last thing, one of the mortgage counselors at Chase told me, "You were behind and owe late fees, and you're complaining about 1 extra payment?" I was very upset about this. I asked for the modification for a reason.

“ Soon: too late to protest”

Since: Jan 09

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#11 May 16, 2012
For 3 years I have submitted paperwork to Chase for a loan modification. It was the same stuff over and over. They always claim I have no proof of employment, even though my employer at his expense has sent lengthy and complete records of my payroll. I have sent tax returns for the last 3 years. They will not accept any payments, even though they set a lower one and accepted 3 at first. I did not get a summons to appear for court hearing and short of the limit of 6 months on the complaint without my knowing foreclosed and got a judgment for the balance due and order to sell my home. During that time and as little as 2 weeks ago, they were still sending me notices that I must act quickly before my modification application expires.

“ Soon: too late to protest”

Since: Jan 09

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#12 May 17, 2012
In August of 2010, due to the same hard times half of this country are going through, we filed for a loan modification. We got the run-around for twelve months, constantly making us fax them the same information over,and over, and over. During this time, we were doing everything we could possibly do to scrape together every last dime we could, to make sure we didn't lose our home (the roof over my three children's heads).
In August of 2011, our representative from Chase told us the modification was declined because we had not yet fallen behind on our mortgage. The representative then instructed us to stop making our mortgage payments and concentrate on paying off credit cards, because this would help the process and the representative would then re-submit the modification in three months. They did, just as they said they would and re-submitted the modification.
We spent the last three months waiting to find out what's going on, with the representative telling us that it was in the underwriters' hands and all we could do is wait. Just to find out that they denied our modification, and are now foreclosing on our home because we're 6 months behind. Then they tell us we can bring it out of foreclosure, if we agree to make payments almost equal to double our mortgage payment, which is just over $1,000.00 for eight months. There is something very fishy going on here, and someone needs to do something to shut these "terrorists" down!
Avoid Chase Bank

Carlsbad, CA

#13 May 17, 2012
Chase stinks!! They are the worst bank in America.
harvey

Columbus, OH

#14 May 17, 2012
Almost EVERY action of today's banking, investment, and insurance houses is fraudulent, with an eye only toward profit and contempt toward the American public.

They caused the recession, and should be held accountable. More banksters in jail, please! ASAP!

“ Soon: too late to protest”

Since: Jan 09

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#15 May 17, 2012
The ‘Federal Reserve’ exposed, RFID chips, and more links at
www.legalparasites.net

How to Easily defeat the Fed
http://www.topix.com/forum/us/T5I4C787DGGSCA1...

Occupy threatens political parasites
http://www.topix.com/forum/us/politics/TOA2TP...

4th of July 2012: We're Finally Free of Debt !!
http://www.topix.com/forum/us/politics/THH0Q5...

“ Soon: too late to protest”

Since: Jan 09

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#16 May 17, 2012
In November 2011...applying for a HARP home loan.
…I needed to pay $395 for my home appraisal.
At this point, my home appraisal is above $70,000 and my credit score is 704 point.… I was assured that I would have my home loan approved.
I also received a counter offer stating Chase could offer me a mortgage on changed terms and conditions.
…I was informed that my loan was not approved because one of the owners owns 10% of the condos and its a requirement in the HARPs loan that no one can own 10% of the residence in a complex, thereby making me ineligible to qualify for a HARP loan. Approximately four days later I received a letter informing me that I would not be able to obtain a new loan from Chase. This was very disappointing news to me.
I am requesting to be reimbursed of my $395 that I paid for my home appraisal
As of January 14, 2012 I still have not heard
fatbacks x

Portland, OR

#17 May 17, 2012
Appears that terrorism is alive and well in this "land o da free".

“ Soon: too late to protest”

Since: Jan 09

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#18 May 18, 2012
Chase customers finance terrorism, corruption, treason…
http://www.topix.com/forum/us/TM5IPGB02VRDB6K...
1 post removed

“ Soon: too late to protest”

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#20 May 18, 2012
We were swindled into an interest only (neg am) loan with a cap back in 2007. We specifically told the loan officer that there was no way we would do one of those loans. We were told it was a 10 year interest only loan and would adjust after 5 years. We were unaware of the cap and were told that we were paying 5.99%. I have truth in lending and emails stating that from the management broker. We found out we were actually paying 7.99% with the 2% difference being added to the principal every month. We also found out about the cap the hard way in February 2011, when our payments jumped to $1000. This occurred after only 4 years and 2 months. Making the minimum payment, there is no way this would have ever been a 10 year interest only loan due to the cap.
So, since we couldn't afford the new payment, we called Chase to see what could be done. They were uninterested in hearing about the truth in lending and other documents that proved we were sold something other than what we had been told.
They offered to do a loan modification. They said we needed to be behind on payments and said they would send the packet. We waited - no packet. I called multiple times. After about the 5th call, they told me that they don't send them out and I needed to download it. Once it was filled out, it was processed rather quickly. That's because they raised our payment on our modification! People, they aren't going to lose your paperwork when they are raising your payments. That is for sure! They also added $60k to the principal (we are already $150k upside down before this) and offered us a 30 year fixed rate of 7.99% on a home we will never be able to sell and never be able to refinance.
Wow what a help! They offered us a higher payment - a horrible interest rate about 3% points over market and increased our principal even more. When I called to inquire, they said it was based on our income and we could afford it!
Chase does not want to help. They have done nothing to help. They send letters stating they want to help, but when I call, they say I have to pay everything in full. That is the only option.
Here is the real kicker. I read through my note and realized that at 5 years, my payment adjusts to Libor plus 50% that currently will be about 2.75%, so my payment will dramatically decrease on October. Had they told me that to begin with, I would not have let my house go into foreclosure. Now, I have late fees, attorney's fees, etc. Shouldn't they have had fiduciary responsibility to tell me that?
So, I called them and advised them that once my payment lowers in October, I can make the payment. I just can't make the 20k in back payments for the past 7 months, at least not all of it. I was told that I had to wait until September 1 to see what my new payment would be with the new lower interest rate and then we could try and get it reinstated.
About two weeks later, they served foreclosure notices on me.
It's so frustrating. I will never deal with Chase on any level in the future 20
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“ Soon: too late to protest”

Since: Jan 09

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#22 May 18, 2012
Chase/Wamu put lender based insurance on a policy we already had. They refused to admit their mistake which through are loan into a default. We got a loan mod and they refuse to honor their contract and have not made our community payments. This has created a problem with the association which is starting foreclosure proceedings. This bank is so screwed up they don't even have the paperwork they gave us. Anyways, it seems I have a number of complaints that I would think would be criminal. There like were right your wrong and you can't touch us cause with the giant in the deal.
You wonder why people hate banks.

“ Soon: too late to protest”

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#23 May 19, 2012
Loan Modification Lawsuits Filed Against
JPMorgan Chase...homeowners had entered into agreements temporarily modifying loans, but weren’t extended formal offers for a permanent loan modification, as required, once they had successfully completed the trial period.
“Chase has knowingly established a system designed to wrongfully deprive its eligible HAMP borrowers of an opportunity to modify their mortgages, pay their loans and save their houses from foreclosure,” the complaint said.
“Chase’s actions, which serve only its interest in extracting as much money as possible from borrowers it deems are at risk of default, thwart the very purpose of HAMP, constitute breaches of its various contracts and amount to immoral and unfair business practices,” the complaint added.

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