Long time lurker, first time poster. Bought in Cali in 2006 with 80/20 financing for 305,000. 80 was with EMC and was sold to Chase. Home is now worth 139,000. Current. Don't qualify for mods. Didn't qualify for HARP thanks to crummy LTV. Was delighted to hear about HARP 2.0 last year (especially when Chase would ask if I wanted to roll the 20 into the 80 and do a 25 year fixed refi etc) and have been calling Chase for months and months and getting the "call back in 30 to 60 to 90 days" with a different excuse every time.
Latest word is Chase is now finally participating in HARP 2.0 (though this time around they said they are not touching second liens), but I don't qualify yet because my loan originated with EMC. Call back on June 1st 2012. Reason given was something to do with Fannie/Freddie policies. Has anyone had any luck with 2.0? Any luck with a Chase HARP ever?
Am I just being strung along? I've striven to stay current, but if the U.S. passes an extension on the Mortgage Forgiveness Debt Relief Act (which when the hell are they going to do that already btw?!) then I'm thinking about ditching my 20 and taking the hit.
Latest word is Chase is now finally participating in HARP 2.0 (though this time around they said they are not touching second liens), but I don't qualify yet because my loan originated with EMC. Call back on June 1st 2012. Reason given was something to do with Fannie/Freddie policies. Has anyone had any luck with 2.0? Any luck with a Chase HARP ever?
Am I just being strung along? I've striven to stay current, but if the U.S. passes an extension on the Mortgage Forgiveness Debt Relief Act (which when the hell are they going to do that already btw?!) then I'm thinking about ditching my 20 and taking the hit.