• June 2012
    S M T W T F S
  • Archives

Chase Offers Pay to Play Modification

I have been off the air for a long time as maintaining the blog whilst holding down three jobs and negotiating with Chase for a loan modification became and remains all-consuming.

But I would feel remiss if I did not post the modification offer Chase has “approved”. At first blush it seems almost too good to be true – an affordable payment coupled with the prospect of an unanticipated reduction in principal.

Upon closer inspection, the actual terms of the modification are missing – it’s a carrot dangled before a starved and desperate individual in the hopes they will bite.

I am not biting for anything that is not put in writing. I would urge anyone who may have received a similar offer to tread carefully. The offer and my response is posted below; I belive it speaks for itself.