${site.data.firmName}${SEMFirmNameAlt} ${site.data.firmName}${SEMFirmNameAlt}
254-633-2876 | fax 866-825-8786
Main Menu
  • Let
    Our
    Family
  • Help
    Your
    Family
  • Free No Obligation
    Bankruptcy
    Consultations

Bankruptcy Attorney
Helping People Of Waco
Find Debt Relief

Chase and Loan Modifications: Prepare to be Surprised

It isn't every day that I get post positive comments about mortgage companies and home loan modifications, so it is a pleasant surprise to find a mortgage company who appears to be changing its ways. Recently I posted about how the big 5 banks who were the target of the AG settlement are faring. Sadly reports are that as of June 30, 2012, Bank of America had not finalized any loan modifications although I have seen several clients obtain trial period modifications in the last few months that are still waiting for the modifications to become permanent. Well, I hope you are sitting for the next bit of news: Chase is modifying home loans! As a part of the AG settlement, Chase had pledge $4.2 billion in mortgage relief for tens of thousands of borrowers by either reducing the interest rate or reducing the principal or both on their home loans. Chase has risen to the challenge by identifying thousands of borrowers who appear to qualify and mailed them letters asking them to call the bank about modifying their home loans. Unfortunately, the borrowers may not believe Chase after so much time and effort trying to modify because the response to these letters is only about half. As I have stated before, the AG settlement may not be the best thing out there, but it is the best solution we currently have. We all need to work together to help people save their homes and Chase appears to be trying to start over. Check your mailboxes. Are you behind on your mortgage payments? Call 254-633-2876 or email us at info@thekehllawfirm.com today for a FREE, no-obligation consultation before it is too late. Let my family help yours.

No Comments

Leave a comment
Comment Information
National Association of Consumer Bankruptcy Attorneys The College of the State Bar Of Texas Greater Waco Chamber of Commerce Member Logo

Office Location

The Kehl Law Firm, P.C. 3715 Bellmead Dr Waco, TX 76705

254-633-2876

Fax: 866-825-8786

Waco Law Office Map

Review Us

Connect With Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy