Mortgage Forum
Important Loan Mod Question!
This is a topic titled Important Loan Mod Question! made in the Credit Problems section, belongs to our Mortgage Chat category; Will Chase modify/rate freeze/etc. my 1st mortgage with them (which is apparently only in a forbearance right now) before it adjusts next July if my 2nd mortgage with ...
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May 8th, 2008, 11:26 AM
| #1 |
| Senior Member Registered: Apr 2008
Posts: 1,497
|  Important Loan Mod Question! Will Chase modify/rate freeze/etc. my 1st mortgage with them (which is apparently only in a forbearance right now) before it adjusts next July if my 2nd mortgage with them has been written off and sent to collections? Please any input would be greatly appreciated...Thanks |
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May 8th, 2008, 06:50 PM
| #2 |
| Member Registered: May 2008 Location: louisiana
Posts: 41
| Ouch. I don't think so Mike, but check with a mortgage pro before listening to me. As far as I know, your second home loan being sent to collections will place Chase in a position to deny any allowances on your first mortgage. that just makes a lot of sense to me, as a business matter. Then again, who knows? It sure wouldn't hurt to contact your lender and ask. Have you contacted your mortgage rep for advice yet? I sure would. Good luck pal!! |
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May 12th, 2008, 11:57 AM
| #3 |
| Junior Member Registered: May 2008
Posts: 3
| As gtull1 told contacted your mortgage rep for advice.
__________________ Home Loan - Articles about all kind of Loans Loan Saving Tool Bad Credit Home Loan |
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May 14th, 2008, 07:02 AM
| #4 |
| Member Registered: May 2008 Location: Binghamton, NY
Posts: 43
| I agree here...The best thing to do is to contact a professional. It wont hurt to get the right answers 
__________________ Recent college graduate with a credit consolidation concentration. |
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