Chase Loan Modification Forms: Fill & Download for Free

Quite frankly, I wasn’t overly concerned initially about the 2008 Financial Crisis since I’ve worked through many real estate cycles over the years and they never lasted all that long so, if anything, I thought of it as a nice break.But none of us knew it would last as long as it did or be as bad as it was.The legislation to deregulate Big Banks and insurance companies seemed to be passed in congress more or less under the radar and no one knew about it. Congress named the bill “The Financial Services Modernization Act” (AKA Gramm-Leach-Bliley), as taxpayers and consumers would not object to these industries being “modernized”. They carefully avoided using the “D” word as past deregulation had caused major problems, such as the last savings and loan crisis when thousands of S&Ls went under. Politicians often hire contractors to come up with warm and fuzzy names for their legislation to make it easier to get their bills passed - which they clearly did in this case.Real estate lending seemingly “evaporated” overnight and lenders just stopped lending and many just closed their doors. So I was out of a job - but even that didn’t concern me all that much because I knew I was highly employable with my past experience and had a 3″ file of unsolicited job offers that I’d saved “just in case”.So I spent the entire year of 2009 looking for a job - and couldn’t believe I couldn’t find one. But then the US economy had also tanked and not many companies were hiring - and even if they were, most were not interested in hiring workers with no experience in their industry.I lost 40% of the value of my home, so I was under water and couldn’t do a traditional refinance with no income and owing more than the house was worth.So I applied for a Loan Modification with Chase, which along with all the other Big Banks who had been given Taxpayer Bailouts to keep them afloat as they were “Too Big to Fail” were required to offer these Modifications to clients who were under water.So Chase did the absolute minimum and make a token effort to comply with this obligation to offer Loan Modifications to their clients. They hired 50,000 new employees to work on these Modifications, most of whom had no experience in underwriting mortgages or even any general banking experience, and many were working in new facilities set up just to work on Modifications.My request for a Loan Modification was consistently declined, without explanation and I was not allowed to speak with anyone in the office. All I could do was re-submit my application.So I submitted and re-submitted my request for a Loan Modification over a 4.5 year period. I made it my full-time job to get that mortgage modified because I knew I qualified and I had maintained a perfect payment record.The last submission for a Modification was 400 pages of documentation and explanations - and was finally approved.Then I learned that Chase had made fraudulent entries on my credit reports and had reported 24 missing or late payments to all three credit bureaus when in fact there had never been a late payment. The only reason for requesting a Modification was that I was under water (which was a situation I could not control). I visited a loan Chase branch and the branch manager helped to get all the fraudulent incorrect late payments removed - all I had to provide was Chase’s own payment history from their online website.I had $250,000 saved in a SEP/IRA at the beginning of 2008, but in order to stay current on my mortgage payments, I withdrew $2,800/month from these savings and used those funds exclusively to stay current on my mortgage and not risk losing my home - and I knew at some point the value would recover.I’d still been unable to find a job, and still couldn’t believe it, so I made the difficult decision to rent out my house and move to an area with lower cost housing, so I was living fairly comfortably for five years.Since I was withdrawing funds from my retirement savings each month, I was worried about running out of money, so I started using my credit cards for routine expenses. As some of these cards reached their credit limit, all the credit card companies started increasing their interests rates, so the interest rates averaged around 23%.Then the payments started increasing on the Loan Modification, which caught me off guard. The interest rates increased by 1% and the payments converted to amortized payments from interest only payments. So the payment increases of close to $1,000/ month caused more financial stress and I had the difficult choice of either staying current on my other bills or staying current on my mortgage. So of course I elected to stay current on my mortgage rather than risk losing my home.So now I’ve ruined my credit and debt collectors are calling me at all hours of the day and night and I have no funds to pay them or even to set up a payment plan.I’d like to sell my house and use some of the sale proceeds to pay off all my other bills, but I’ve had my house rented for five years now, so the only way to sell and avoid a huge capital gain tax liability is to re-invest in a like kind property, which I cannot do because I can no longer qualify for a new mortgage because I’ve ruined my credit.In 2008 I’d been in the work force for 46 years and was consistently earning $100,000 in commission income, so to be reduced to living on Social Security wasn’t so bad, but to be unable to pay my bills has been very hard on my frugal independent nature.I have to admit I’m angry that the Big Banks got away with inflicting such grievous damage on American taxpayers and most have come out better than they were before 2008, while millions of Americans lost their jobs, lost their homes, lost their savings - while Big Banks and elected officials are flourishing.I see no way out of my dilemma. I can’t sell my house. I can’t pay my bills. But, at least my Social Security income is enough to live on in a nice rented home. But life is not good.

Zero point zero dollars is what Trump’s brothers are worth. No jokes intended.Unless I have miscalculated, Trump's only living brother died a few months back. Initially, in Fred Trump's seniors family, there were three brothers. Fred (the eldest who died in his 40's), Donald (that should have been killed in his teen's), and Robert (who died at 71 years old a couple of months back.) Trump also has a sister Mary, a little older than the Donald, who is still above ground. As far as I know, this is a summary of Fred Trump senior's progeny and hopefully puts Fred seniors story to bed.If the question could be modified to "how much is Donald Trump worth," might this slight modification be more enjoyable? I like to think that the answer to this one is a negative number. Donald wasted his inheritance, chasing pipe dreams and childish schemes like casinos, giant boats, real estate success schools, and the best salad dressing in the western world. Most of the properties today that have the Trump brand (name on them) are not actually owned by the Donald. Instead, the actual owners of these properties pay some kind of fee to use Trump's name. I couldn't imagine that this kind of payment could be sizable enough to begin to repay the $400,000,000.00 loan(s) that Donald admitted having a few days ago. His days as a television star are over and who is going to loan money to the Donald so that he might start his own new TV network? Nobody is the answer to that one for sure.I suspect that the actual people that “loaned money to Donald” are not the usual suspects who might be forgiving in case of a default. Harkens back to the days when Trotsky had an icepick stuck into one of his eyes for not complying with the wants of the Russians. In today’s world, revenge might be something more like Nova-choke or some other appropriate poison for which the Donald will have to be on alert. The only thing that I suspect to be true is that Russians will track one down regardless of where one tries to hide. They will be repaid regardless if it comes out in dollars or in Donald’s hide.Trump's only dream has to be that he wins reelection. With this dream coming in from Trump's heaven, he delays prosecution from all the people waiting in the bushes for him as he descends from the oval office. He also postpones repayment of loans without the "pay to play" advantage he has obviously taken in his 4-year-term as a liar in chief.Taking a look at Donald, should he not be hired on for a second tour, I don't think that Trump will do even a day in jail. Because his brand will definitely be significantly damaged, I believe that he will be forced to do late-night commercials for things like Dorito’s chip dip or for the latest weight loss exercise equipment. Maybe he could be a spokesman for the latest “Boner” treatment? I would simply love to see the Donald in a pair of tights. He won't be able to choose between what he would like to do versus what must be done when this election is finished. Donald will indeed be Broken with a capital "B," which would genuinely be appropriate justice.

First of all I take the position that the majority of Republicons encountered in many years of my Journey are not practicing what I see as real religion. they are more into the ceremonial phase of rituals and rules and slogans. Their policies tend to be anti religious in respect to the teachings of Jesus Christ. Many actually have positions that are anti Christ like but they will get real indignant if you call them on it so I dont.Initially many of them fought renewable energy as it challenged their inbred biases. it was being developed and promoted by more secular appearing people many of whom have deep spiritual callings them selves but they were non conformists so there was a clash.But the rapid development of Renewable energy and changing market opportunities have made R e a good business money opportunity. So now many republicons and many corporations are chasing money in a new way.This is just like legalized marijuana in Colorado where some of the so called and over hyped pot wholesalers were once straight arrow types - republicons who never thought of smoking marijuana - so money cause people to take layered positions lets say.This missive attempts to draw some lines and provide some insights into how Orthodox positions and conservative talking points are in many cases just empty Red herring Strawmen positions - so wet that they will not even burn …so it goes like religion complex. it is true that some religious zealots or people portending to be religious think all the earths resources are here for the taking to make one rich and it is not gods plan for us to be Stewards of the Earth. Some also claim that there is no global warming as God is a Loving god and he would not allow his love the earth to be destroyed so they dis miss all Environmental calls to clean things up. How may people like this I have no idea but they are out there . cultists perhaps as good religion is not the issue.Renewable energy is the future and there will be some other forms of clean energy to come forth going forward. That is why the repressive efforts of some conservatives to hold us back and keep us in economic bondage to the oligarchs of fossil fuels needs to be over come real soon. They are fighting very hard to discredit R E because they see that their income stream in the future years is going to shrink. And they are addicted to it. That is the bottom line.Globally now solar and wind are 65 % of all Investment dollars in energy projects. So the market place is speaking and trending and the shrinkage in some fossil fuel usage is impacting revenues and it threatens the sunk costs that investment co and energy co have made in future resources. They see the ships sailing in a new direction so they fear Stranded Assets - and forgone profits . This creates the tension and the deep political tug of war and it is ongoing. Domestically prepare for all no holds barred fight its stewing .The Global Scientific community is uniform in stating that the transition away from fossil fuels must pick up the pace to reduce GHG and other threats to humanity . We have dithered too long and the blame can be laid at the conservatives who have fought tooth and nail to stop it. While the wind and solar and more geothermal are going to be major drivers for new energy they will need some help pending new efficiency breakthroughs in their operational bandwidths . Given this, the reality is that current solar and wind machines have much need for oil based inputs so we can t throw the Baby out with the Bath water as they say. I say this in a effort to be fair and balanced.For example conservatives passed Ethanol subsidies for a fuel that barely makes more BTU s than it takes to make it. Not a viable fuel . Poor EROEI and it is below the level needed for a industrial society to operate without collapsing is the cold Hard Truth. Conservatives have Lorded over this Multi Billion dollar scam for years now as they line certain pockets. The negatives of massive corn ethanol are well known but conservatives CLING to their Subsidies like they cling to their FEARs , GUNs , Bibles , Narrow Views and prejudices and a long list of other undesirable beliefs !Conservatives like to use slogans as Battle Crys - Solyndra when they lack the foggiest idea of the deep details involved , etc. Simple slogans for Simple Minds !Solyndra’s losses was chump change in the Grander scheme of things so I say grow up and let it go and move on. It was subsidized Solar factories funded by the China Government ( they have a Industrial Policy folks and thats why they have lots of money now and mass production , people working productively etc.) that took Solyndra down. Actually their technology was unique and would have led to massive deployment on commercial roofs as it was lighter weight and had more production per installed watt. Their target end use sector was the commercial sector that has roofs that lack the ability to handle heavy loads due to the hyper competitive speculative real estate market so lighter solar systems are needed. So they had a good vision. But poly silicon panels dropped in price at a highly accelerated more rapid rate than expected etc. So they were under cut and over whelmed at the starting gate. I am sure they had some silicon geeks in the executive suites that were out of their element. But the tragedy was that their concept was right on.Sorta like VHS versus BETA in video tape. BETA was better but VHS could be scaled easier and the price went down and we tend to be short term oriented and respond to that. That is another baked in issue for another discussion.At this writing most of the Obama ARRPA Loans for RE have worked out and they served as a catalyst driver to drive down costs , increase performance and the end result is that solar and wind are now 66 % of all Investment made in Energy sector. Not bad at all as this has been done in less than 15 years rapid progress. The economic return to our economy is huge as there are close to 3 million people working in clean energy related sectors. Put that in your stoppedup carbon Pipes - it will flush out some Tar!The rapid cost declines and the strong increases in the performance of both solar and wind need to be respected. they have reached Economy of Scale tipping points when the road map in the conventional energy sector is littered with many Billion dollar failures despite heavy subsidies from the Government.So solar and wind contrasts greatly with the Nuclear Genie which is going on 67 years of Massive Federal subsidies , its over the Trillion s $$ benchmark all things accounted for - the actual totals are really unknown. Despite this government Infusion of funding, R & D , fuel preparations , security and other incidentals like securing nuclear feedstock from Russia thru the 1990’s ( under a non conservative Administration for the record ) and up to around 2012 or so the program ended. We took Russian nuclear material and kept it out from terrorists and turned it into nuclear fuel. This cost money - your tax dollars folks. The privileged shareholders did not fund this !So the magic hand of the market place that Adam Smith referred to was busy at work helping the industry. The existing nukes still can’t control their costs nor work right at the level once promised . Today , 50 % of the operating nuclear units in the United States require a subsidy as they are losing money. The O & M costs that were projected on the drawing boards 50 to 60 years ago severely missed the mark . Many plants are in their 40 year plus to 50 year of operation and they are having serious operating costs issues that require more money . They can’t compete with GAS , Wind or Solar at the market price level. They need rate payers to pay rate subsidies to keep them going or to fatten the stock returns for some Oligarchs perhaps? Most likely both.Conservatives claim to adhere to some Cult like worship of a mythical free market in the energy game - these claims hit the reality rocks as their cherished nuclear option which was supposed to deliver and to a degree has delivered , well WHY do they now require more subsidies to continue operations ? That is the question some of you perhaps may want to consider when you recite your free market prayers or chants at night . You rail about a few Billion in Re subsidy's that are less than 10 years old and are going away but you ignore the vested Hogs and Pigs ! Is it conservative cognitive dissonance a extensive condition that afflicts the masses. ?As the Respected Chairman of the Montana PUC states in a excellent white paper on the state of the Electric Utility Industry states clearly and concisely. all this energy has been subsidized and the number of rent seekers has also grown and they come in many forms.So before fixating on some of the current short comings of solar and wind and in old habit in entrusting our future to the continued nuclear card as a certain it can t miss fallback position - I urge you to do some contemplation. serious contemplation. Suggest you check out the ongoing Cost meltdown going down at the Voglte Georgia plant and the Sumner Plants in S Carolina. Several years behind and BILLIONS over estimates. Vogtle started at around $ 14 billion is now at $ 20 billion and now after the latest construction mistakes outside groups are saying it may top off around $ 29 BILLION for two 1,200 or 1,300 megawatt units. That is not economically good for the economy etc. The Sumner plant is following along with losses but not as great - yet!.More enlightened energy approaches could get a tremendous ROI or Bang for the Buck at less risk if you gave them $ 29 billion to work with.So I counsel you not to be too quick to the Draw ! you might get hurt real bad.Westinghouse is now bankrupt and its parent Toshiba is fighting for its financial life after writing off another $ 6.5 billion last year on nuclear ventures ! Conservatives be careful what one wishes for ! . .Should any of this rattle your sensibilities then just go google these plants and google Kemper , Miss. Clean coal another Black Hole that failed in its 3 rd month of operation. it will not burn coal now nor gassify it.; it will just burn natural gas . A $ 6.5 plus Billion boondoggle.The very large Utility Holding Co . The Southern company owns all these Multi Billion dollar losses - good company but they bet on traditional and new clean coal and they have been burned badly. Needless to say so will their customers. It is no wonder that they are now one of the largest owners of Utility scale solar plants in nation - diversifying into renewable energy. while they still can.Shell Oil Co was one of the original developers of Wind energy in Texas as they had large holdings which had depleted oil reserves etc so they got smart and turned under performing assets into productive ones with early stage wind technology. Due to the cash challenges of the non conventional O & G resource plays they had to pretty much scale their wind down and concentrated on oil and gas business.The Tide has NOW Turned as they are now investing heavily in N Sea off Shore wind and are going to leverage their off shore platform and logistical supply expertise into a major force in the wind sector. they are joined by 4 other World class Oil Legacy co’s. So the tides have turned …..Old dogs trying out new Tricks to remain relative.Now for those who mistakenly or biased think Obama only gave money to wind and solar - well the 4 nuclear units that I described above all received DOE Nuclear Loan guarantees . These are the only 4 new nukes being built as all other on drawing board plans are on hold till the losses stop at the two sites. 9 utilities were offered the DOE Loan guarantees but only 2 utilities decided to build the others passed on the loans. Most Banks and most utilities dont want to bet their future on large nukes right now - too risky & costly too. In the mean time they going solar and wind and gas Full Board time.Same for so called clean coal - oh BTW Obama pumped $ 4 billion into R & D for clean coal as he was trying to give coal sector a new format . Balanced energy program. Trying to help out those pill billy’s who would not vote for him due to the color of his skin in many cases.The results are in and Big Nuke and Clean coal busted - they are in a neck and neck tie for Highest cost power Awards. In a league of their own and it is not World class either.Because we need more than solar and wind and gas integrated into a transactive modular energy supply system - perhaps the SMR nuclear technology will become the next viable option for the nuclear Genie - this may begin in 2025 with deployments. SMR s - either LFR s or Thorium units and they will be smaller and operate under modular economics and dispatching. They claim that they will be load following capable so they can integrate with the intermittent wind or solar. Given this capability they can be integrated into a dynamic new energy economy. We shall see if they are ready for prime time as they have been in development conceptual stage for much more than a couple of decades now.We will have interesting times going forward but its long past time for conservatives to see thru the fog of their pre conceived Biases and accept some economic and technical realities. Clinging to out dated energy delivery systems is not a Winning Strategy for America to compete in the global economy nor is it a good thing for our environment which is more than stressed out and needs some relief as do many of its inhabitants.True to form our Tweeter in chief , the TIC will go thru the roof when he discovers the DOE loan s that were given to big nuclear - he will blame Obama …for the failures his 1 trick Pony punching bag ! It s in the Cards for sure . It will taint his position on nuclear which is odd.Sadly if that is the extent of our policy going forward then we surely are in for some dire times. Quite sadly the TIC now has the Texan lackey R Perry off on a fool s errand doing a DOE study to prove that Wind and Solar are hurting the GRID. Hurting nuclear and killing off coal. Now this can ’t be allowed. So once again politics is infecting our energy policy and folks I dont mean to be partisan but the color of the Kettle is Black - and in this case that is the conservatives or those that claim to adhere to those conservative positions. They are trying to peddle a lie.Bear in mind that over 12 national studies have been done by our DOE Nat labs , private sector for profit consulting firms including the one that has provided the majority of the energy forecasting and pricing guidelines to TEXAS under Perry and after his term was over . This smells bad. In addition, the ERCOT electric council of Texas that runs the GRID also has done their Studies as well as Univ. of Texas at Austin Energy Center . Their work and the work of the Electric Power Reliability Institute (EPRI) concludes that wind and solar are not hurting reliability nationwide as the grid is being modernized to operate more robustly . The lights are not going out and with modifications we can have Resiliency in our GRID and cleaner , more responsive resources etc.So our current TIC and his Trick Pony are ordering un needed studies to try and make a case to dis credit wind and solar. And blame them for problems that don’ t exist. reality is cheap GAS integrated with Wind and now solar is coming on and they are cheaper than dirty coal and old nukes - period end of Story Full STOP !One last pearl of market distortion - is that perry knows the facts to a degree , he may not have good recall but he knows as he championed WIND when he was governor. So he is going to have to really get devious to sell this and get this anti solar and wind RED HERRING program going so TIC can save coal ??? and tag along with some nukes too.Politics makes strange bed fellows it has been written well energy economics makes strange bedfellows too. perry will get the GAS industry to join forces with their competition the coal and nuke boys and girls. the key is if the Government will allow it to Export higher volumes of LNG gas to crowded foreign markets. (the other reality) .So the owners of the GAS sector thinking short term they will most likely join aboard this Un-Holy alliance and undermine the domestic gas industry as prices will rise . We in America will pay higher prices for our natural gas and that is not good for the business and industrial economy this is what is in the pipeline folks . brought to you by you family unfriendly conservatives once again.Most people only see the tip of the Ice Berg and that is only 10 % of the challenge in life ,etc., and it is the same with our energy markets and resources. Most of the challenges to be understood rationally require some deeper drilling and higher levels of contemplation . One must let go of bubble bias and pre concluded determinations or painting with Broad paint brushes that turn onto to a Conservative swath.Trust this cleared the air and subsidy fairy dust Myths! Good will to all even self constrained conservatives.It does not have to be that way …we deserve and can do much better. Let go of our bubble bias that are self limiting. I don t think that it is a good religious practice that the more things seem to change the less they really do . Good religion tells us not to be Biased or Judge so harshly. All Bets are Off.