Posted on: 11th Aug, 2012 11:07 am
I am looking for advice on getting some traction on this program. Here is my current situation:
1st $448K w/ Chase 6 5/8% IO
2nd $160K w/ Wellsfargo ELOC 4%
Current Value approx. $575K
Spouse and I have credit scores in 800 range
Never late on payments and based on the criteria listed on the Chase site we should be a slam dunk to qualify for some sort of lower interest rate refi program through the National Mortgage Settlement.
Chase has simply said we will be mailing out letters to those who qualify; just sit there and wait. And from what I have read, they have 3 years to comply.
Any advice out there on where to focus my efforts with Chase on this? I've talked to local Chase mortgage office and they gave me an "investor" fax number, which has gotten me nowhere.
Thanks in advance for any ideas.............
1st $448K w/ Chase 6 5/8% IO
2nd $160K w/ Wellsfargo ELOC 4%
Current Value approx. $575K
Spouse and I have credit scores in 800 range
Never late on payments and based on the criteria listed on the Chase site we should be a slam dunk to qualify for some sort of lower interest rate refi program through the National Mortgage Settlement.
Chase has simply said we will be mailing out letters to those who qualify; just sit there and wait. And from what I have read, they have 3 years to comply.
Any advice out there on where to focus my efforts with Chase on this? I've talked to local Chase mortgage office and they gave me an "investor" fax number, which has gotten me nowhere.
Thanks in advance for any ideas.............
Hi socal!
Welcome to forums!
You can try taking help of an attorney who can look into the whole matter and coordinate with Chase in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can try taking help of an attorney who can look into the whole matter and coordinate with Chase in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome socal,
You should wait for some time and check out if you receive qualification letters. If you don't receive the qualification letter, then you can follow Sussane's opinion and contact an attorney for the same.
You should wait for some time and check out if you receive qualification letters. If you don't receive the qualification letter, then you can follow Sussane's opinion and contact an attorney for the same.