We have now applied for a modification twice now with Chase. THis has been on going since March 2010. I lost my full time job and my husband who works seasonal was laid off, I was also 4 months pregnant. I contacted Chase in late February to attempt to make half a payment (we were both on unemployment). Trying to make an attempt with them is ridiculous, they literally told me they would not take half payments and I would be better of waiting. I asked what help we could get to help make our payment more affordable due to our circumstances. They recommended the modification. I had all information to them within 2 weeks and literally waited until July 13th to find out we were denied. The way we found out was on a Saturday and Sunday we started receiving collections calls. When we started the modification process I was told by several Chase employees not to make a payment during the review. We ended up filing for bankruptcy which was finalized in October and I was just told on my weekly call to Chase that we were denied again. I am re-applying, but seriously what are the guildlines for being approved? How many times can they use the same line "your expenses are too much", what does that tell you about our situation. Even after filing for Chapter 13 our mortgage payment is difficult to make. We ended up having to pay over $11, 000 thru our Bankruptcy Trustee back to Chase for our back payments, becuase several idiots told us not to pay it? Everytime I call it's the same line "it's in review" or "it's our under writers decision". This Obama Bill is doing nothing to help anyone because I have not heard of one person who has been approved for a modification.

JPMorgan Chase Mortgage Refinancing Scam -

Short version - We've had a mortgage with Chase about 8 years - $400K house in Westmoreland w/ $50K loan balance @5.62%. No interest in refinancing. Out of the blue Chase rep calls wife's cell phone mid September. "How would you like to get a lower interest rate of 4.25 on your loan for $500?" What's in in for Chase we ask...we retain you as a client... sounded reasonable. Met the Chase caller who was the local Loan Officer September 21. We ask some very pointed questions and are asked to write them up in an e-mail which we did...no answer despite repeated requests. If he had answered we would have stopped the process right then and there. Get the official GFE in the mail Oct 21. $5K estimated closing costs on a $50K loan. What happened to the $500 cost we ask - Oh that is the non-refundable loan application fee...Which Chase will credit once the closing costs are paid. Complain - no response, escalate within Chase, no response. They don't care, they have my $500 and the sales guy will get a bonus for every customer like us.

Classic Bait and Switch.

In a Aug 25 2010 Chase press release - They hired 8, 000 new employees to handle mortgage mess. 913, 000 applications, 270, 000 approved. At $500 per application that is over $321 Million in revenue just in declined applications. Not a bad business. No wonder they posted record quarterly profits.

Do a Google search and you will find many, many similar complaints. It is legal theft.

We have working on a loan modification for atleast the last 5+months. to get nowhere with them. Keep getting told that some piece of paper filled out still isnt right.
we redo the papers. refax, still nothing supose to call every week, inturn we to get the same answer all the time. that we need to submitt the packet which we have send every week again and again to get nowhere.
every month that goes by they keep tacking on late charges and so on.
foe the time that we have been filling these documents like they ask. the mortgage gets further and further behind. they will not accept any payments in the mean time. so now we owe 14, 000 accoedding to the so called people you do finaly get on the phone only to be transfered to a number that disconnects you.
if there is 400, 000 people who have recieved this so called loan modifications, where are they.
we have recieved a letter to start the forclosure, a hearing is set for the 14th of this month.
and sale is set for the 24th of november.
well isnt that nice of them.
constantly being tossed around from person to another, all the answer you get is that they no nothing about the loan modification, or another says the file was closed. then they say they will expidite the paper work, ya right. to who. no one.
that person you talk to at that time, then you cant never get ahold of them again.
then you get another person, here we go again.
there are people on here that have had the same ordeal with chase.
they have already said all that i could say the same about this so called loan modification. it is a big joke and a scam.
after all the BS. they pu you through.
they can sure file there papers quick though.
i have hired attorneys for this matter. for i am not going to let them have the pleasure of saying another one bites the dust.
chase is a legal scam. they have no intention of helping those who need it.
where are these people that have had there help.
chase has an add. where are these people. are they real or fiction.
they are here to help take your home from you when you are doing as they ask to get this so called loan modification.
we all need to stand together.
we cannot let these banks get the upper hand.

Chase has had me in re-mod for 5 months now. I've been sending in my regular payment amount during this period. Now they are not accepting my electronic payments at all. TARP gave all of the banks their money and now they are doing everything to make sure you still lose your house.

My home was in contract for sale. The buyers (husband and wife) have breached the contract of sale by refusing to close due to a basement issue that did not exist and was disproven by 3 independednt contractors. Recently I discovered that the buyer (husband) is a mortgage consultant for Chase in the same region that I was applying for a loan with Chase. Additionally my current home that he was purchasing is mortgaged through Chase. My concern is that he had access to my Chase financial accounts that may have have an impact on them backing out of the transaction. Should he have disclosed that he is a mortgage consultant when he engaged in the contract and is can this be considered as a conflict of interest. Or, could this be fraud if he did access my accounts without permission or any business involvement in my mortgage process?