Are you in default on your home mortgage with Chase Bank? Is foreclosure seeming more likely with every passing day? Did you know that Chase Bank does not want to foreclose on your home? You might possibly qualify for a Chase Loan Modification.
Under the Housing Stimulus Program, there is an approved list of lenders who receive financial incentives to rewrite mortgages that are in default. Luckily, Chase Bank is on that list. Qualified homeowners receive a lower monthly payment when their loan is actually restructured with any or all of the following: lower interest rates, longer loan terms, forgiven late fees, and reduced principal.
Chase Customer Service
Only loans on a primary home written on or before January 1, 2009 for no more than 9,750 qualify. These loans must be backed by The Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac.)
The foreclosure process consumes a lot of labor hours and can be very expensive since homes may sit vacant for extended periods of time in this economy and current housing market. And, with the 00.00 that Chase receives for every mortgage that they modify, they are even more motivated to help you avoid foreclosure and stay in your home.
Is your financial situation bleak due to events or circumstances beyond your control? Has a job loss, divorce, medical bills, etc... caused you to struggle each month with your mortgage payment? If so, this is Financial Hardship, which is a primary consideration in your being able to obtain one of these stimulus bill loan modifications on your Chase mortgage. You must be able to document this situation, and also document the financial ability to pay a modified payment.
Chase Loan Modification - Chase Bank Would Like to Help You Save Your Home!
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