Chase Loan Modification

Are you in need of a loan modification with Chase? This article will give you some insights on what you can do.

First off, Chase owns EMC.  So, if you are fortunate enough to have an EMC statement, you can actually get this loan modified in one day.  There is a company that can do this for you.  They will get authorization to speak with your lender on your behalf, contact them and get the modification done in about a day if you qualify.  You must have a financial hardship to get accepted.  They do all this for you with no upfront fees and you get to find out your new rate and payment before you pay as well.

Makes sense, right? Why would your lender take all the man hours to modify your loan if they knew you were just going to end up defaulting on it anyways? That is why they have these specific guidelines set up.

One loan modification company is having great success with the “Obama Mortgage Plan”, otherwise known as the HAM program. While there are many articles on the internet doubting the effectiveness of this program, they are having great success. It all comes down to getting the files properly prepared so that you are within your lenders guidelines.

The Chase loan modification process requires the homeowner to submit an application for loan modification that includes certain documentation that will be reviewed before a loan workout option is recommended. The bank needs to have a good understanding of your current financial situation. Below is a list of some of the information required by Chase:

* Hardship Letter outlining the events which have caused the difficulty
* Financial Statement
* Pay check stubs, W2, tax returns
* Bank statements

The enhanced Chase loan modification program promises to systematically review its entire portfolio of loans of Chase, Washington Mutual and EMC borrowers.  The bank has announced plans to hire 300 additional loan counselors and open 24 regional offices to offer face to face meetings with homeowners who need assistance.  They also promise not to add any more foreclosures during the new  loan modfication program implementation.

What is involved in a Chase do it yourself loan modification?  Wondering if you can successfully complete a do it yourself loan workout? Why are all these companies charging thousands of dollars to represent homeowners when a loan modification is free? Of course, you want to know that you will have the best chance of getting the help your family needs with a new lower mortgage payment, but what is the best way to get the results you need? Many states have prohibited companies and even attorneys from charging homeowners large, upfront fees for loan modifications.  There has been thousands of cases of abuse by predatory companies that took advantage of vulnerable homeowners.

If you need loan modification help with Chase there is no other option. We are the only company that I am aware that actually has loan modification experience. Our negotiators worked in the loss mitigation departments for many lenders and really know the business. You are not passed off to third parties your loans are worked by actual loss mitigators, that in the past not only worked for the banks but helped write the loan modification policies. There is no better experience than what we offer.  Get your loan modified by the industry leaders in loan modification help.