Question: my husband an I have had several medical issues the last 3years and have tried to stay on top of our mortgage, we have stayed in constant contact with Chase thru it all and they have done 3 mods. in the last 3 years... We are asking again for another one and they are saying only 3 in 3 years... my responsiblity to my mother which was the most recent financial hardship has ended, as she has passed away we can afford a mortgage but they are saying they cant do it ... please help we dont want to lose our home ..

Answers

Posted By: loanmodpro on Jan 23, 2010 06:00PM

A: I am not sure why they are refusing the mod since they know you have been on top of it and responsible. However, if they have a special rule of 3 mods in one year, they can probably use that against you. The thing to do is to explain the passing of your mom which will mean less financial hardship for you and ability to better pay on your mortgage.