Yes, we have.
Basically what happened was the home was bought in 2001. My dad's mortgage was fixed at 650 a month. Well, time passed and in 2003, it went up to 880, then they told us in 2004 that we were 12,000 behind in payments. Foreclosure talks have been present for years now, and it's never gotten to this point until now. After negotiating with Chase about a year ago, he got the payments reduced to 550, but it soon went up to 920 a month with a 10 year extension of payments (which he cannot afford). Ever since then he's been trying his best to fight with the bank to keep the house, but he can't get a straight answer from anyone, he gets one bullshit story after another. A few months ago, he was given a notice to pay the house outright in 30 days, which the letter said would be $87,000. We thought that was stupid since we bought the house for 73,000, and he's already paid a third of that off. He called chase about it, and once again, couldn't get an answer. But apparently it was a bluff, and they backed off for a while until now. The issue is that it looks like Chase has sold off chunks of the mortgage to different debt collection agencies, and no one could give us a straight answer about what is really going on.
