Legal Question in Credit and Debt Law in California

I called Chase Home Finance on April 27th to schedule the final payment of a 3-month trial period upon which completion would certify my new payment amount only to be informed that Chase had transferred my loan to a third party loan servicer. When I received my first correspondence from this loan servicer, I was informed that I am in serious default on my mortgage agreement and have until May 15 to make a $3500 repayment on the default and stating that thereafter my monthly payment would be an amount even higher than the old payment I had been seeking relief from in the first place.
What makes this even more outrageous is that, when I had called to schedule my second trial payment for April 1st, the Chase special assistant I spoke with told me that my account showed me as already being approved for the new payment and that I should be receiving my new agreement in the next two weeks. There's more, but based on what I've related so far, do I have a legitimate or actionable grievance with Chase?

Asked on 5/08/16, 2:56 pm

Lyle Johnson Bedi and Johnson Attorneys at Law

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You should contact an attorney with experience in mortgage modification. You need to take immediate action.

Answered on 5/08/16, 10:59 pm

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