You will be required to provide the escalation team with a written authorization, authorizing the escalation team and the servicer to share your personal financial information. (Simply state that you authorize the HAMP Escalation Team and Chase to share all documents and personal financial information. Date and sign the authorization.)
The inquiry information you will need to supply for a status includes the following:
Homeowner's Name On Mortgage
Servicer Name (Chase)
Servicer Loan Number
Foreclosure Date (if applicable)
Your Relationship to Homeowner
Briefly Explain What Happened
Briefly explain that you requested HAMP Modification in Feb 2010 and was told by Chase it could take six months. It is now almost a year later and you have not gotten a decision or a trial modification. Also request that they please help escalate this HAMP modification. (three sentences max)
An escalation specialist will work with the servicer regarding the case and seek to provide you with an initial status within four business days of receipt of the requested inquiry information and borrower authorization. If the servicer is unwilling to comply with program guidance or the escalation team identifies systemic non-compliance, the escalation team may report the servicer to the Making Home Affordable Compliance team.
Apply for No-Upfront Fee Hardship Loan Modification Find out for yourself. Apply for no-upfront fee hardship loan modification even if you do not qualify for the Government Making Home Affordable Modification Program. You may qualify for a No-Upfront Fee Hardship Loan Modification. (Currently available in California, Oregon and Washington)
DIY Loan Modification Kit Are you looking for a DIY Loan Modification Kit that will walk you through the entire process of modifying you loan? Then read on. Gain the competence you need to submit and negotiate like a PRO - with real insider advice on how to negotiate a modification.