Posted on: 01st May, 2011 06:01 pm
Hi. I have a question. My parents filed for a loan mod with chase bank. They reviewed it and put us on a temporary monthly payment. After about 3 months they stopped the temporary payments and wanted more information. They said they need to further review for a loan mod. Its been about 8 months now and they keep telling us they will give us an answer in 2 weeks. After 2 weeks they say another 2 weeks. It said the loan mod has been reviewed by two negotiators and is now at its final stage. They also keep moving the foreclosure date. It was set for July 2011 and after 2 weeks when we call they said they will give us an answer in 2 weeks and the foreclosure date is set for October 2011. Has anyone experienced this with chase banks?Why is it taking so long. The whole process has been going on for almost a year now. Any info would be great
Hi laker,
It does take time to complete the loan modification process as a large number of people apply for it. Though, I don't have a personal experience working with them, but I will suggest you to keep your patience and keep contacting them in order to sort out the matter.
It does take time to complete the loan modification process as a large number of people apply for it. Though, I don't have a personal experience working with them, but I will suggest you to keep your patience and keep contacting them in order to sort out the matter.
