More Chase loan modification badness in the news

Other than on sites specifically dedicated to fighting abusive banks, like ours, or peoples personal blogs, there haven’t been too many stories about the trials and tribulations of loan modifications in the mainstream press.  So it is nice to see a paper like the Arizona Daily Sun print a story about an Arizona woman and her struggles for the last 13 months trying to get a loan modification and stave off foreclosure.

And wouldn’t you know it, her bank just happens to be Chase.

It is a very typical Chase loan modification story with hours spent on the phone, repeatedly lost paperwork, Chase employees not returning her calls, and never speaking to the same person twice.

The article talks about one Chase customer that was able to get a loan modification, for a whopping 22 cents per month reduction in his payment.

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