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Cross collateralization issue after filing ?

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    Cross collateralization issue after filing ?

    Filed April 7th on Chase for a CC & servicer of 1st mortgage.

    They have some pretty attractive incentives to move our Wells accounts to them, yet seeing how erratic and unreliable Chase has been in the mortgage mod business I am reluctant to switch to them.

    I cant imagine that a new account would be subject to cross collateralization but then again with Chase you never do really know.

    Any thoughts ?

    #2
    Bump - your thoughts ?

    These offers just got better - appreciate your thoughts. As far as I can tell if Chase touched the deposits ( I was an author. user ) in the two accounts I'm thinking of they would be violating the stay.

    If there was a cross collaterlaization clause in place it wouldnt have applied. Meaning one could never do business with a bank you filed on forever.

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