JPMorgan Refuses Loan Modifications for Those Who Can Make the Payments: Ventura Real Estate

by Gary and Lisa Schoeffler on April 3, 2011

in Sellers, Short Sales

WASHINGTON (CNNMoney) — The head of JPMorgan Chase said Wednesday that banks would not consider writing down mortgages for homeowners who can make payments, an idea at the center of talks aimed at fixing the mortgage mess.

“Principal writedown for people who could pay their mortgages? Yeah, that’s off the table,” JPMorgan Chase (JPM, Fortune 500) CEO Jamie Dimon said when asked about the idea after an appearance before a U.S. Chamber of Commerce forum in Washington.

What? JPMorgan not willing to help out homeowners? Is that really news… WIthout a doubt, Chase is the most difficult to deal with in the short sale process. It is not surprising that they are not willing to work to fix the mortgage mess.

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Post by Gary and Lisa Schoeffler

Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

Gary and Lisa has written 371 articles.

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