I have been trying to reach IHDA for the past few weeks on the subject of both landlords rental assistance and the resumption of mortgage assistance. They are strangely silent. And I continue to request a response.
In the meantime, definitely meet with Chase to see how you will restructure your loan. You do know that you have the option of simply resuming the old payments — and tacking the missed payments on to the end of your loan. They cannot force you to totally restructure the loan.
But if your old loan was at a high rate, and they will give you a lower rate and lower payments — on a longer term loan — that might be to your advantage.
On the other hand, if you can’t afford ANY payments now, you are definitely looking at a foreclosure, and should get an attorney to advise you on how to deal with this.