I have a SSA specifying that borrower is still responsible for the deficiency of the original loan.
I called Chase to get this removed and they are now requesting a contribution of 20% of the loss (close to $ 30K in my case) to grant the waiver. They also stated that will evaluate any "reasonable" contribution.
This is related to a primary home, one mortgage (never refinanced) and it seems really unusual that they are requesting this 1 month away of the proposed closing date.
I don't know if I should get a lawyer involved to try to get this resolved, but I'm running out of time...
Does anyone has experienced the same? Any ideas of what to do next? What Chase considers 'reasonable'?
Thanks for your help !
**********************************
like buttons
Comments
Juan. Make them an offer. They are telling you they are open for offers. Offer them some cash if you can and maybe a small promissory note. And yes you should always seek legal advice.