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What homeowners go through while waiting for their permanent modification…
This article tells it all: Chase Modification Process
Unfortunately, what this couple has already gone through is exactly what hundreds of thousands of homeowners across America are going through as we speak. The sad thing about it is that Chase may not be the worst at delaying the process. This is happening to virtually every homeowner, regardless of who they pay their mortgage to. Bank of America may actually be among the worst banks in prolonging the modification review process under the Obama plan or for any modification program for that matter. Bank of America currently has the highest number of eligible borrowers for the Obama Plan. Yet, as of early December of 2009, they’ve only modified 95 homeowners into a permanent modification. To put things into perspective, Chase has modified over 4,000 homeowners into permanent modifications under the Obama program during the same time period. So, what’s the problem with Bank of America???
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