J.P. Morgan Chase Unveils Mortgage Foreclosure Initiative

re: J.P. Morgan Chase Unveils Mortgage Foreclosure Initiative

Holly Williams — Mon, 20 Jul 2009 22:05:01 GMT

Unfortunately Im from WAMU and have been waiting for months for WAMU ANDJPMORGAN to handle my mortgage. It has been going on for twelve months. The first modification was for like 50.00 less than I usually pay. Then they did a few more like that going down very little. Then they would just call and say they could help me tell me not to worry and take my financials and then disappear. I have had loan counselors tell me dont worry we dont want your home. TAKE ALL THIS FINANCIAL INFORMATION FROM ME AND MAKE ME do all this running around and then disappear. Then they tell me they offered me a modification and I didnt pay??? I never signed a paper never got a contract??? What is going on? 12 months of waiting. Iam in forclosure now and I put in a MODIFICATION again because the last one they denied because I didnt have all the necessary paperwork. No one called to inform me I call once or twice a week no one said a word. Now my last chance to get modified before I have to move out.I sent in everything on the check list they gave me and I even sent stuff I wasnt supposed to send and they are still saying I have to send a signed tax return. When I filed I filed electronically they said call the IRS. The irs says we dont have that. I am willing to pay 1300.00 a month they have already offered me this modification and never sent paperwork to sign. I have even offered to send what money I can to pay down the fees and back mortgage payments and they told me not to. I am at my wits end today they gave me the negotiators name but no way to get a hold of her. They have been very nasty, they have lied, played games and its all just a waste of time and money. I am sooo disgusted. My house was bought for 328,000 and its worth 165,000 and I am willing to stay!!! Its only 1150 square feet and built in 1962. But I am willling to stay. Instead they want too sell it for half? Im just disgusted

re: J.P. Morgan Chase Unveils Mortgage Foreclosure Initiative

Brock B — Sat, 03 Jan 2009 10:21:54 GMT

Whenever people find themeselves in need of extra funds, they ran into payday loans and held themeselves responsible for paying them back. Banks that got massive amounts of bailout funds seem to think that the rules don’t apply to them. There are an increasing number of reports and articles about bank executives that refuse to disclose any details on where exactly the bailout money they received from the Federal Government, in other words the American People, was put, or spent. Hundreds of billions of the taxpayer’s money has been spent to keep these companies afloat after the mismanagement of their holdings – there should be a modicum of transparency, and an effort to pay it back. If a person gets themselves a payday loan, they have to – why shouldn’t JP Morgan? Maybe in the future the government should look to http://personalmoneystore.com/moneyblog/2008/12/22/should-payday-loan-rules-apply-to-government-bailouts/ companies as a guideline for how to hand out emergency cash.

re: J.P. Morgan Chase Unveils Mortgage Foreclosure Initiative

Kathie Arbogast — Wed, 03 Dec 2008 15:07:49 GMT

I AGREE WITH THE PERSON ABOVE. JP MORGAN JUST WANTS YOUR HOUSE. THEY JUST BLOW THIS SMOKE TO MAKE THEMSELVES LOOK GOOD. I WILL REPORT THEM TO THE FDIC AND FEDERAL LAW MAKERS. TWO OF THEIR PEOPLE THAT WERE ATTEMPTING A MODIFICATION WITH ME DISAPPEARED. I GAVE UP THEY CAN HAVE THE MONEY PIT.

re: J.P. Morgan Chase Unveils Mortgage Foreclosure Initiative

Kathie Arbogast — Wed, 03 Dec 2008 15:00:40 GMT

JP MORGAN CHASE DOES NOT DO MODIFICATIONS. THEY HAD TWO DIFFERENT PEOPLE WORKING WITH ME AND GUESS WHAT THEY BOTH DISAPPEARED. THIS IS JUST A RUMOR. THEY ARE ONLY INTERESTED IN TAKING YOUR HOME

re: J.P. Morgan Chase Unveils Mortgage Foreclosure Initiative

Ralph DeSimone — Thu, 27 Nov 2008 16:32:23 GMT

Do not believe JP Morgan Chase. At the beginning of this story, dated 11/04, it says that they are placing a 90 day moratorium on any new foreclosures. We have a mortgage that was with WAMU and was taken over by Chase. On 11/25, 21 days into their 90 day moratorium, they filed for foreclosure on our mortgage. We had returned a Borrowers Assistance Form to them and have contacted them by phone, fax, and e-mail a total of 6 times in the last month with no response from their Loss Mitigation department.