If you are trying to go through a loan modification you are aware of what a difficult process it can be. If you are going through a loan modification with Chase it is nearly impossible. According to the nonprofit news outfit ProPublica, over 97,000 homeowners have been stuck in a trial loan modification, and 60,000 of those 97,000 have a loan through Chase.

According to an L.A. Times article, Chase spokesman Thomas A. Kelly said he hadn’t seen the ProPublica report. However, he said the New York bank “calls borrowers up to 36 times, sends up to 15 mailings and then knocks on their doors twice to try and get the documents we need.

This entry was posted on Thursday, February 25th, 2010 at 6:42 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.