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Couple Sues Chase for Wrongful Bank Foreclosure


Posted on Apr 07, 2010

April 7, 2010 - Washington, D.C. - Following in the footsteps of lenders like Bank of America, JPMorgan Chase is now being sued for wrongful bank foreclosure.

 

The Huffington Post reports that a California couple contacted Chase in December 2008 to let the lender know they were having trouble paying their loan. A representative reportedly told the homeowners to stop paying on their mortgage for at least 3 months, since the loan needed to be in default before they could qualify for a loan modification.

Three weeks after that conversation, the couple received a letter in the mail informing them of the pending foreclosure. When contacted again, Chase asked the couple to send paperwork over several months, leading the homeowners to believe they were working with the couple to resolve the issue. Meanwhile, people were knocking on the couple's door, asking about the house, which was being auctioned off unbeknownst to the homeowners.

The couple finally sought legal help in order to protect their home and property. They have filed a lawsuit, seeking $150,000 for fraud, breach of contract, violation of the Fair Credit Reporting Act, and predatory lending practices.

The plaintiffs are still unsure if the bank actually did foreclose on the property, as it is the lender's word against public records. The latter shows that the bank already foreclosed, but Chase officials maintain that they were working with the couple to prevent foreclosure.

If you have experienced anything like what happened to this couple, you may have the grounds for a bank foreclosure lawsuit. The Massachusetts wrongful foreclosure attorneys at Phillips & Garcia will fight for your rights in your foreclosure case. We are committed to protecting your best interests and your family's home and helping you collect the damages you need and deserve to move on with your life. Contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620.

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Legal Help for Wrongful Foreclosure and Seizure in Any State.  Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home.  We are licensed in Massachusetts and associate with a qualified attorney in your state.