Hope for Housing
description: Fannie Mae and Freddie Mac set to unveils new plans to help homeowners avoid foreclosures, with Michael Menatian, Sanborn Mortgage Corp. and CNBC's Diana Olick
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11/11/2008
11/11/2008
business
business
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CNBC
CNBC
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cnbc's diana olick
cnbc's diana olick
Hope
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Menatian
Menatian
Michael
Michael
Comments
www.ireport.com DOC-149668 My very good friend has a home in Weymouth, MA. The Chase Mortgage Company is the note holder. She slipped behind a month and tried to catch up on payments. She called numerous times to arrange a payment catch up plan. Chase refused to discuss it. After two months of run arounds her lawyer recommended she make weekly payments to Chase. This she did. Chase called several times to tell her to stop sending payments. Chase said the mortgage was going into foreclosure. Chase refused to acknowledge that these weekly payments were even made. It took a letter from the Bank president of the bank the checks were drawn on for Chase to admit they had cashed the checks and money orders. Chase said they were going to return the money over an undisclosed period of time and take the matter under advisement. Another month has passed and Chase still has not returned all the funds or stated what the conditions of a re written mortgage will be. Jay -
JayC555
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