Chase Opens Homeownership Center Near Fort Hood
Chase will host local nonprofit leaders and government officials at a special open house today from 9 to 10 a.m. at the new center, located at 3310 E. Central Texas Expressway.
“We are staffing all of our Homeownership Centers near military bases with employees who have served in the military or military family members,” said Steve Stein, head of Homeownership Preservation at Chase. “They understand firsthand the needs of military personnel.”
The Homeownership near Ft. Hood is Chase’s first near a military base. The bank will open five other Homeownership Centers this year near the following military bases:
Hampton Roads (Norfolk) area military bases, Norfolk, Va. Fort Bragg and Pope Air Force Base, Fayetteville, N.C. Camp Lejeune, Jacksonville, N.C. Fort Campbell, Clarksville, Tenn. Joint Base Lewis-McChord, Lakewood, Wash.Chase will have seven Homeownership Centers in Texas and 82 nationwide by the end of the year. Counselors at the centers already have met with more than 150,000 borrowers.
Open six days a week with day and evening hours, the Homeownership Centers reflect the bank’s commitment to families impacted by the nation’s economic challenges.
“Chase has helped more than half a million Americans avoid foreclosure, and we’ve prevented nearly twice as many foreclosures as we’ve had to complete,” said Stein. “Our Homeownership Centers are a vital part of our wide-ranging efforts to help families stay in their homes whenever possible.”
Chase has prevented more than 625,000 foreclosures through modifications, forbearance, short sales and other programs. It has offered more than 1.1 million modifications, with more than 350,000 completed.
Earlier this year, Chase dramatically expanded the ways it is helping military members and veterans. Specific actions to keep servicemembers in their homes include:
Introducing an enhanced modification program for all members of the military who have served on active duty at any time since Sept. 11, 2001. The program is offered to those who are behind on or having trouble making their mortgage payments.Hardship Letter To Stop Foreclosure - News
“Chase has helped more than half a million Americans avoid foreclosure, and we've prevented nearly twice as many foreclosures as we've had to complete,” said Stein. “Our Homeownership Centers are a vital part of our wide-ranging efforts to help
That's exactly what has happened and is happening EVERY SINGLE DAY with property owners trying to save their homes or avoid foreclosure. It's VERY common for a property owner facing REAL (and documented) financial hardship to try to short sell,
Also, they should bring any information, such as a hardship letter, that will help explain their current financial challenges. A track record of helping. The advisors reflect Chase's commitment to helping families sustain homeownership over the long
-         Hardship letter (in your own words). -         Two months’ bank statements. -         A list of monthly expenses. -         A utility bill. -         Most recent mortgage statement and related
Until this year, short-sellers had most of the bad parts of a foreclosure but also exposed themselves to future debt collectors. In a short sale, a borrower still must sell the house; send a letter to a lender explaining why they need a short sale;
Stop Foreclosure – 4 Steps On How To Write A Letter For Mortgage ...
Mortgage foreclosure has become a more common problem recently as more and more families face the negative consequences of the recent economic slump. While we never did have problems to service our monthly mortgage payments before, with recent issues such as pay cuts and retrenchment now in the picture, many families have missed payment dates, some for several months, resulting in foreclosure action being taken against them.
If you are one of those in this predicament, worry not as there is an extremely efficient way to combat and stop foreclosure now! This method is called the hardship letter, or a mortgage postponement letter. Many people have used the hardship letter to stop foreclosure in the past, and it had worked for them successfully! Why not be one of them? Wondering how to write a decent hardship letter? Let us show you how:
1) First and foremost, decide if you want to write the letter yourself, or let a professional handle the letter writing process for you. Paying a consultant to write it for you would mean that you get the added experience of having someone who has plenty of experience in writing hardships letter before with you, nevertheless writing it yourself would mean the letter is much more personal, a plus point on its own! The choice is yours!
2) Make sure that you have all the required data and information with you while you are writing the letter. Ensure that your personal details and mortgage details are accurate, and explain clearly why you have not been able to service your loan properly. Give proof of your statements, such as pay slips if you are facing pay cuts, or a termination letter if you have lost your job or have been retrenched. This information is crucial, and must be attached together with the letter when you send them to your creditors.
3) It is best that you suggest a postponement plan to allow you to catch up with your payments to your creditor, so that they get the picture that you are sincere about servicing your mortgage payments, and not running away without paying up. Provide proof of your plan to regain the trust of the creditors, and if possible try to negotiate for a better deal with your creditors. When they see that you are struggling with payments, they might be tempted to lower interest rates if that means you would continue paying for your home.
4) Lastly, it is best to schedule a face-to-face meeting with your creditors, and present the letter and proposal personally to them. You could also mail it to them, but you will have to call and double-check if they received the hardship letter. All the best in saving your home and stopping foreclosure with a well-written hardship letter!
New blog post: Hardship Letter To Stop Foreclosure - Possible Reasons To Help You Get Approval http://how-to-stop-foreclosure.us/?p=4751
New blog post: Stopping Foreclosure Effectively - Using a Hardship Letter to Stop Home Foreclosure http://how-to-stop-foreclosure.us/?p=4745
A hardship letter to stop foreclosure proceedings is an important factor in the process Hardship Letter To Stop Foreclosure - Bookshelf
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A hardship letter to stop foreclosure is only the beginning. Get a copy of the letter here and see what else needs to be done.
Hardship Letter To Stop Foreclosure
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This is an example of what to write in a Hardship letter to explain why you have become delinquent on your Mortgage.
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Many homeowners find it difficult to write a hardship letter to their lender, so I thought I would post some examples from my forum. When attempting to stop ...