Chase Home Loans

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Chase Home Loans Reviews

chasesuckz January 12, 2011
refusal to modify my loan
We applied for a loan modification on our first loan with Chase (which was not by our choice but only because they bought out WAMU). It took a year and we were denied because "the mortgage holder refused", this would be Freddie Mac (sp?). We had never been late on our first or second (HE) mortgages. After the application process started, my husband was laid off for 5 months. We depleted our savings and 1 1/2 yrs later we are now late on our second mortgage. I have actually been in tears begging for assistance from anyone BEFORE it got to this point. NOW they are finally willing to modify our second mortgage. I keep asking them to speak to their "short pay dept. or consumer advocate" and they ignore my requests. If anyone out there knows a direct # at chase to call, plmk. I am so frustrated with these people and cannot wait to get my credit back so I can dump them.
clsmall30 October 8, 2009
Runaround from Customer Service
I have two mortgages with Chase. My payments have always been on time. In March/April of this year, I had to have an escrow account set-up to pay my taxes and insurance because I was unemployed. This caused my mortage payment to double. I contacted Chase to see if the escrow payments could be spread out further and they did a month later. But for the time being, I had this doubled mortgage payment that I could not make. I started working in June and I sent in what I could for the mortgage payment. I called Chase at least twice to see if there was a payment plan that I could be set up to get my payments up to date. I was always told that there was not. Finally, I spoke to another representative on 9/18/09 that told me that I could and we set up the payments. On today, October 8, 2009, I received a voicemail to contact Chase. I did so and was connected with Myra, who by the way was very, very rude. She was apparently in Home Retention. She was calling about the balance of $3, 713.96 for my mortgage. I told her that I had made a payment arrangement to pay off this balance and she blatantly told me that I was lying. I asked her to check the system and she told me that she could not do anything without a confirmation number, which I was not provided when I set up the payment arrangement. Because I kept getting the run-a-round from Chase, I asked her to send me something on paper about setting up a payment arrangement. She kept telling me that "it's in your contract". I explained the whole situation to her and how I been giving conflicting information by Chase representatives. She was rude and insisted on me giving her my banking information. I told her to listen because I had something to say and I hung up the phone on her. Chase is the worst in history. I thought that Countrywide was bad, but they absolutely take the cake. I am going to send this to every complaint board and government agency (although I don't think they care either) that I can. I am even thinking about contacting local news channels.
KatFish2 September 3, 2009
Mortgage financing
My husband and I have been trying to buy a home in the La Grange, California area since March 2009. We found a house with acreage that we both loved. Since we are Chase customers, we decided to apply for a mortgage loan with Chase. Chase pre-approved us for $180, 000. The house was within this limit and we were paying 20% down. We thought that it would be smooth sailing.

We were scheduled to close on May 15, 2009. May 15th came and went without a decision. We filed for 2 extensions of escrow, then we were finally told that the house was atypical and the "comps" used by the appraiser were not adequate. The house was a 1900 Sq. Ft. round house on a 2.5 acre lot. They could not compare it to traditional rectangular homes with similar square footage and acreage because it was round.

We finally gave up on this property and found another house down the street from the round house. The second house was selling for $20, 000 less than the first property. Once again we did not meet the closing date and have filed for 2 extension of escrow.
In the meantime our original loan officer no longer works for Chase, and our loan work has been move to Grants Pass, OR which is 3 hours away from where we currently live. Now we are hearing that once again their underwriters are having issues with the "comps". They didn't like the adjustments that the appraiser made. The Grants Pass office tried to get a waiver on the appraisal but that was shot down. Now we are approaching the end of the 2nd escrow extension with no resolution.

The funny part of this is the home we are attempting to buy is a Wamu/Chase foreclosure. They already own this property and their underwriters can't approve a reasonable loan so they can move this property.

When this loan falls through, will be closing our accounts with Chase and finding a bank that is more in tune with the needs of their customers.

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