When Chase Bank threatened to sell Mardee Jerde's home in foreclosure, Ms. Jerde's was determined to do all she could to save her home of 16 years. Sure, Ms. Jerde was having trouble making her mortgage payments, but there is a very personal and understandable account of how Jerde got to that point. An explanation Chase is unwilling to consider in granting Jerde a permanent loan modification.
In March of 2008, Marde was involved in a car accident that left her injured and unable to work. She could no longer afford her greater than $1,700 mortgage payment, so she immediately made contacted with her bank. Chase agreed to a trial loan modification, but it wasn't until July 2009 that she was able to make another payment. She made modified mortgage payments of nearly $900 until June of 2010, when Chase came knocking. They sent a letter seeking almost $50,000 in overdue payments and past due amounts.
The craziest part of all of it all is that Jerde upheld her responsibility, and sent Chase the money! She used the settlement money she received from being in the car accident to do make the payment. Chase ultimately denied her the permanent loan modification, leaving Ms. Jerde broke and with few options.
Stories like this make it appear that Chase and other banks will offer a helping hand and then immediately turn their back without upholding their end of the bargain. If you are in foreclosure talks with a bank, don't just send them money because they say it will increase the likelihood of getting a loan modification. If you are exploring the possibility of a mortgage modification with your bank, contact a Jacksonville Foreclosure Lawyer or a Florida Foreclosure Lawyer today to review the modification paperwork in order to ensure the deal is right for your individual circumstances.
