Posted on: 05th Sep, 2009 10:30 am
friend did a forbearance plan..paid the 3 payments called for in the agreement, was waiting to hear back from Chase. had heard nothing for a couple of months even tho she called and was told to wait. yesterday (holiday weekend) she came home to find that the house was sold (yesterday), and she has 3 days to leave house.
I have heard of this happening before, they have to take you to court to evict you, If they gave you a court date, go to it and tell the judge about this, take copies of everything you have to prove what you did. The judge should move the eviction date up to give time to go over everything. Good luck to you! I have been going through a bunch of bull with Chase also. The Judge is usally on your side so just be nice in court and be honest and you should be ok.
the problem seems to be that because the house was legally sold, the new owners are the ones that gave her the 3-day notice.
i hear this all the time, i am in the loan modfication business with American Loan & Mitigation Specialists. It's a shame as the banks really never tell the homeowner what it means to go into forebearance. I see this all the time, as the homeowner tries the loan modification themselves and then it doesn't work like this situation. There is nothing they can do as they signed the fine print document. I always tell people to us an Attorney for a loan modification so you aren't taken to the cleaners by your bank.
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you take services of attorney. forbearance letter issued by Chase & last 3 payments made by you will be a critical document.