|
|
| Home » Chase Bank » Foreclosure Help |
|
|
Chase Foreclosure Help |
Chase Foreclosure Help comes in a number of options and you can choose the one that suits you to avoid home foreclosure. Chase Bank foreclosure assistance programs are made available to those homeowners who are struggling to make timely repayment on their monthly mortgage due to several financial reasons. Regardless of the present condition of the borrowers, the bank has foreclosure prevention options such as loan modification, short sale, foreclosure moratorium, home affordable refinancing and much more. Whether you are thinking to sell your home or keep it, the bank has the most effective workout options.
Chase Home Affordable Refinance
This foreclosure prevention program is specially designed for those borrowers who are current on their mortgage, but who owe more than the value of their home. A home affordable refinance program from Chase can help you if the loan amount that you owe on your current mortgage does not exceed 125% of your current home value. The advantage of this refinance program is that you will be able to get a lower mortgage payment for the entire loan life without any negative impact on your credit history.
|
|
|
Chase Home Affordable Loan Modification
If you are facing difficulties in paying your mortgage or think that you may face difficulties in future due to changes in your financial situation then a loan modification from Chase can get you back on track. Before evaluating your condition for other foreclosure assistance options such as a short sale or deed in lieu, the bank will evaluate your condition for the home affordable loan modification. When you are determined eligible for the modification option, you will go into trial period plan with the bank. With loan modification, your loan term will be modified so as to allow you to remain current on your monthly payments.
Chase Bank Short Sale
Short Sale agreement in another home retention option made available to you when you do not feel like going for a loan modification program. Short Sale and Deed-in-Lieu of foreclosure are options offered to troubled homeowners under home affordable foreclosure alternative program. In order to enter into a short sale agreement with the bank, you are required to submit a request for consideration on time. If you're able to qualify for a short sale program under the Home Affordable Foreclosure Alternatives, then you will receive $3,000 as relocation expenses assistance when you sell your house. Chase Bank will still go for a regular short sale in case if you are unable to meet the eligibility conditions of HAFA. For more information on Chase Bank foreclosure process, prevention tips and foreclosure timeline, visit the official website of the bank.
Website: https://www.chase.com/chf/mortgage/hrm_making-home-affordable
|
Advertisement
|
|
|