Brigette Honaker  |  May 29, 2018

Category: Consumer News

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A class action lawsuit against JPMorgan Chase, which was recently removed to federal court, alleges that the bank wrongfully forecloses hundreds of homes.

Plaintiffs Dhimiter Llordi and Natalia Hoshovsky filed the class action lawsuit against JPMorgan Chase & Co. claiming that the bank forecloses homes after missed mortgage payments without attempting to contact the homeowners.

The Massachusetts residents say JPMorgan foreclosed on their home without conducting a face-to-face interview or making any reasonable efforts to arrange such an interview.

U.S. Housing and Urban Development regulations require lenders to engage in interviews, or make efforts to do so, after three mortgage payments are unpaid and before they are allowed to foreclose on a property.

The regulations reportedly state “prior to acceleration a mortgagee must have a face to face interview with the mortgagor, or make a reasonable effort to arrange such a meeting, before three full monthly installments due on the mortgage are unpaid.” The regulations do not apply if the mortgaged property is more than 200 miles from the mortgage lender or one of its offices.

The plaintiffs claim that JPMorgan failed to follow the regulations with hundreds of consumers who make up the proposed Class. “Plaintiffs believe that the Class encompasses hundreds of individuals whose identities can be readily ascertained from [JPMorgan’s] books and records,” the JPMorgan Chase foreclosure class action lawsuit states.

Llordi and Hoshovsky also claim that Chase committed breach of contract, breach of covenant of good faith and fair dealing, and breach of duty of good faith and reasonable diligence.

“The Defendants are obligated by contract and common law to act in good faith and to deal fairly with the Plaintiffs so as to guarantee that the parties remain faithful to the intended and agreed expectations of the parties in their performance,” the JPMorgan home foreclosure class action lawsuit claims.

Alleged damages sustained by JPMorgan’s actions include loss of home equity, moving expenses, loss of property interest, negative credit ramifications, loss of opportunities to rectify their situation, emotional distress, increased fees, accrued interest, and increased principal balances.

The JPMorgan Chase class action was originally filed in the Norfolk County Superior Court. JPMorgan recently removed the lawsuit to federal court, claiming that the estimated money in controversy on the alleged foreclosed homes exceeds the minimum for removal of $5 million.

In their notice of removal, JPMorgan disputing the allegations made in the class action lawsuit. The bank argues that the plaintiffs wrongfully interpreted their mortgage contracts and are not entitled to relief.

“Chase disputes the allegations in the Complaint, including Plaintiffs’ interpretation of the contracts at issue, and disputes that Plaintiffs are entitled to any relief,” the notice of removal states.

The plaintiffs seek to represent a Class of JPMorgan mortgage consumers who were not granted a face-to-face interview before three monthly payments were unpaid, and later foreclosed on. The JPMorgan Chase foreclosure class action lawsuit seeks actual damages, punitive damages, restitution, court costs, and attorneys’ fees.

Llordi and Hoshovsky are represented by Todd S. Dion of the Law Office of Todd S. Dion.

The JPMorgan Chase Bank Foreclosure Class Action Lawsuit is Llordi, et al. v. JPMorgan Chase Bank NA, Case No. 1:18-­cv-­11064, in the U.S. District Court for the District of Massachusetts.

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55 thoughts onJPMorgan Class Action Says Bank Forecloses Homes Without Notice

  1. Sheila Hartfil says:

    Has this been settled already??? I believe they did this to my parents!!!

    1. Mellisa Rose Sheffield says:

      I’m curious, I’m from Tipton County Tn. & Jp Morgan took my home after late on couple of payments, said it was in foreclosure and never met with me or did anything to explain. I never seen it sale, or sell at foreclosure. I did however have my credit ruined because the foreclosure. Yet it didn’t go on my spouses credit. Then I had people coming to me wanting to buy, & I told them JP MORGAN had it in foreclosure and they said no that JP MORGAN said it belongs to me. Strange so I called JP & they told me that I couldn’t sell it because they had it. So what happened here is JP MORGAN ILLEGALLY TOOK MY HOME, SAID IT WAS FORECLOSURE PUT UNDER MY CREDIT & RUINED IT, BUT NOT MY SPOUSE, & SOMETHING IS VERY, VERY, WRONG!!! NOW I FIND OUT MY SPOUSE HAD MY HOUSE WITH HIS MISTRESS, & THEY ARE PART OWNER’S OF JP MORGAN, & HE HAD MY HOUSE THE ENTIRE TIME! JP MORGAN, DEMOLISHED MY CREDIT, COST ME MUCH PAIN & GRIEF, HUMILIATED MY CHARACTER BY FRAUDULENT MEANS. NO RIGHT DID JP MORGAN, & OTHER’S HAVE TO DESTROY MY NAME BECAUSE OF GREED, DISHONESTY, & HIDDEN AGENDA. IT’S TIME JP MORGAN CHASE ANSWER FOR THEIR SINS & CONVICTIONS OF HOMEOWNERS THAT DIDN’T HAVE A CHANCE!! ALL BECAUSE OF HOUSING MARKET MANIPULATIONS. I FOUND YOU FLIPPING PROPERTIES BETWEEN YOURSELVES, & WOW PEOPLE SHOULD KNOW WHAT Y’ALL HAVE DONE. I TELL YOU THIS, I’M A FIRM BELIEVER IN THE LAWS THAT ARE SUPPOSED TO PROTECT US. I’M MOST IMPORTANTLY A CHILD OF GOD…. THOSE THAT DESTROY OTHERS FOR THEIR OWN GREED IS DEFINITELY GOING TO FACE THEIR DUES FOR SURE.

  2. Sharon Tough says:

    Same happened to me, i was trying to get home modification through a third-party, ended getting scammed and lost the house

    1. caroline R peck says:

      I did too. Scammed. No home, no credit,

      1. Caroline says:

        How do we get cash. I am a victim of the foreclosure. Help. I lost my home,nervous breakdown

        1. Caroline says:

          Chase foreclosed on us. We were part of a class action suit for getting a loan mod. Resolution law group called us. I tried to get one.jp Morgan Chase kept saying that I need docs. Missing pages . Not true.
          I was scammed

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