Posted on: 06th Dec, 2008 11:52 am
we have fallen behind on our first and second mortgages indymac will work with us however, chase are jerks after playing phone and email tag for months they charged-off our equity loan without any written notification or phone call. i only found this out because we sold some assets and were able to catch up with arrears and they refused it. any idea how this works, can they foreclose and aren't they supposed to give me a change to bring my account current? any comments would be helpful, thank you
Carolina, your charged off loan is with a collection agency. Your suspicion was right on. The "recovery" department is no more than just a collection agency and as far as i have researched only Chase(WAMU) is the only one who can forclosure (i'm in CA). My hubby and i are in the same situation. Check out this website on how to deal with collection agencies budhibbs.com . This site is awesome for consumer help and has helped us a lot! We have decided never to pay a collection agency!
Do you got any answer from chase loan recovery?
I"m glad to find this forum. I'm dealing with all the same issues you have mentioned with chase... from losing paperwork I"ve faxed to not processing my payment and saying its now too late. Maureen makes me very hopeful that we can come to a resolution with them on this. Good luck to everyone.
We are current now on our first mortgage,but have not paid our 2nd,and chase sold it to GC services can or will chase 1099 it or will the collection sue us for it,even though we are current on the 1st??
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