A class action lawsuit was filed against Chase Home Finance LLC and JPMorgan Chase, N.A. alleging Chase’s failure to fulfill their promises with respect to loan modifications.
The class action was brought by Plaintiff on behalf of all mortgagors in the State of California whose home mortgage loans are or were serviced by Chase Home Finance LLC or JPMorgan Chase Bank, N.A. and who (a) have attempted to obtain permanent loan modifications from Chase Home Finance LLC or JPMorgan Chase Bank, N.A. through the Home Affordable Modification Program (“HAMP”) or similar loan modification programs; and (b) have made payments pursuant to a HAMP Trial Period Plan (“TPP”) or any similar temporary modification agreement offered by Defendants
Plaintiff has endured a breathtaking array of unfair, deceptive, and misleading practices and breaches imposed on her by Defendant Chase Home Finance LLC and its parent company Defendant JPMorgan Chase, N.A.2 over the past two years, as she has tried to meet constantly shifting demands with respect to her attempts to obtain a mortgage loan modification. Chase has strung Plaintiff along, repeatedly requesting documentation that Plaintiff had already provided, and promising an illusory permanent loan modification or “workout solution” that Chase apparently never intended to grant. While leading Plaintiff on with the promise of a loan modification or other “permanent” solution, Chase continued to demand and accept monthly mortgage payments, under the false premise that these payments supported Plaintiff’s efforts to obtain a modification, obtain an alternative permanent solution, and/or avoid active foreclosure proceedings. Had Plaintiff been aware that Chase never intended to modify her loan as promised, she would have sold her home at the outset, forgoing the entire modification process.
Plaintiff’s experience is unfortunately not unique. It is merely illustrative of Chase’s standard practices, which have damaged not only Plaintiff, but the entire Class of California mortgagors Plaintiff seeks to represent. Plaintiff is but one of many mortgagors ensnared by Chase’s systemic and intentional unlawful behavior.
Copy of the complaint. Complaint
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