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A federal judge has ruled that JPMorgan Chase must face a class action lawsuit that claims it defrauded New Jersey residents who applied for the Home Affordable Mortgage Program, a federal program designed to help homeowners in danger of defaulting on their homes.
Chase opted into HAMP through Fannie Mae shortly after the plan was implemented in 2009. The plan is designed to lower homeowners’ monthly mortgage payments to sustainable levels, but New Jersey homeowners say they never got the benefits of the program. Instead, they say, Chase took the federal money designed to bail out homeowners and systematically rejected HAMP applications based on false claims that homeowners did not provide the appropriate documentation, even though many homeowners claim they did.
Lead Plaintiff Johny Thomas claims in the JPMorgan Chase mortgage fraud class action lawsuit that in October 2009, he and his wife were struggling on their home mortgage loan and requested a HAMP modification. Later than month, he claims Chase sent them a letter telling them they were eligible, but that they should sign up and pay for a trial-period plan.
Thomas says he and his wife made these trial payments for about six months, until they received a letter from Chase stating their application was declined because it did not meet an unspecified requirement, even though Thomas says he met all the requirements necessary. Chase then refused to apply several of the payments Thomas made before foreclosing on their home on August 2, 2010.
A second Plaintiff, Johnny Fields, makes the same allegations in the Chase HAMP class action lawsuit, saying that, just like Thomas, he applied for a HAMP modification on his mortgage in December 2009 and made trial payments. Just as in Thomas’s case, Chase eventually declined his application, citing inadequate documents, which Fields says he field. A year later Chase sent him a notice of intent to foreclose.
Thomas and fields filed separate class action lawsuits but later joined forces in a consolidated case against JPMorgan Chase in February, charging 10 separate claims. Last week, U.S. District Judge Shira Scheindlin dismissed eight of them, but ruled that JPMorgan Chase must stand trial for counts of violating the New Jersey Consumer Fraud Act and engaging in negligent misrepresentation.
The JPMorgan Chase Mortgage Fraud Class Action Lawsuit case is Johny Thomas and Johnny Fields, et al. v. JPMorgan Chase & Co. and Chase Home Finance, LLC, Case No. 10-cv-08993, U.S. District Court, Southern District of New York.
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117 thoughts onJPMorgan Chase Mortgage Fraud Class Action Lawsuit Continues
Chase offered me loan modification workout plans,for which I sussessfully completed twice.Constantly harassed me and wanted me to do a third workout
plan for which I refused,because in my view they were
just taking my money when they new all along they were not going to approve me.I feel the workouts
were bogus and no more than a scam.I just wish there
was someway to get my workout payments back.I had lived in my doublewide mobile home since 1990 and
made all my payments until I got sick and had to retire
from my job of 30 years.When I went out for surgery I notified chase that I might get a little behind until my short term disability kicked in,they offered me even considering how long I had lived there,however they told me I would qualify for these workout plans.I kept my end of the bargain and completed the two work out
plans,however it took them what seems like forever to
notify me I was turned down.Considering all the payments I have made own my home and all the improvements I figure I have paid around 165,000 sinceI have lived there ,now they have finally forclosed
on my home in July2012.They want me to pay balance in full plus lawyer fees and if I were to do so,it would make that moblie home cost a quarter of a million dollars.Has anyone out ever seen a mobile home with 66 acres worth that kinda money,I don’t think so.Chase home finance are as crooked as a snake.I wish there were a way to I could get my money back that I paid on these scam workouts.Larry Adkins
2010 Chase Foreclosed….on a house in it’s 8th year of the loan. 7 years of paying on-time. In 8th year (2010), I had some inconsistent payments but had paid in full. Chase sent a letter stating I owed $7231 to which $2200 were “”foreclosure legal administrative fees”. So not knowing what to do, I paid $7231 in full by the due date they provided in the letter. They returned the check and stated the property was foreclosed on a month prior to them sending me the letter to pay $7231. To that I say WTF?
Now I have to wait some freaking 36 months from foreclosure to be eligible for any other loan without a waiver process. Homeless for 2 years and have to wait another year before I can even pursue another mortgage because….I tried to pay what they dictated I owed (even though I dispute the amount)?
Decent people who work for JPMorgan and Chase Mortgage should WALK OUT! Shame on you for participating in such injustices. please note: If we sue JP Morgan and chase Mortgage, I hope we take your retirement money.
this company is as evil to its employees as it is to its customers, and yes, many of us have walked out due to the rampant harassment, psychological torture at working there, the ineptitude of its management at doing anything right, which makes the company rift with illegal activities, plus the laundry list of disgusting things the company has done to funnel profits onto its balance sheets speaks to how its all white-male boys club humiliates not just the employees, but citizenry too. The best thing people can do is refuse to deposit with them and refuse to do business with them, period, end them.
I HAVE BEEN IN A BATTLE WITH CHASE FOR ABOUT 3 YEARS STILL GETING NO WEAR. CLASS ACTION LAWSUIT THAT’S WHAT WE NEED….
Most class action lawsuits do not yield much in the way of monetary settlement for the participants. a recent class action against chase was because chase removed long standing lines of credit and reduced the amount available on their credit card. the lawsuit stuck and it was for 2 mil. this was in santa clara county. each participant got only a few hundred dollars. A class action is exactly that. the more people that join, the longer it takes and the less you get. better to take the bank on yourself. there are plenty of people out there that are not attorneys who can form proper papers quite nicely. A good tool is to log onto San Mateo County Superior Court and go to open access, type in Chase Bank and you will get hundreds of cases that show the pleadings, you can learn a great deal by reading both Plaintiffs pleadings and Chase’s demurrers. they are famous for demurring and not answering a complaint. so far i have done quite nicely against them.
So what is the status of any of the Chase loan modification or fraudulent foreclosure class action lawsuits?
Are any national in basis? I am in Kansas.
After reading numerous complaints about Chase, I realize my husband and I are being duped by them. We wish to push back hard in a lawsuit against them. It is such a shame that this is going on in America. MISLEADING AND DECEPTIVE TACTICS! Why are they getting away with this?
I wish to participate in a class action lawsuit against Chase Mortgage. My residence is near Atlanta.
info regarding the lawsuit against wamu customers. I received it and it isnt taking on the internet
If you sign a loan modification document with chase, you are in effect creating just the document they need to create a form of title. dont sign with them
My husband and I live in Alabama and we tried for a year and a half to get a loan modification due to a loss in income due to me having medical issues and not being able to work on a regular basis only to be denied after sending in paper work at least 3 to 4 times… They never called us to ask for more paper work. I would call to check on the status of the loan mod and get we need more paper work… we were denied the first time tried again and after getting the same run around we tried to ask for a deed in lieu but since we were in bankruptcy they wouldn’t talk to us about that even with our attorney okaying it… we then decided to walk away from the house… we call and asked how we proceed to turn in the key and volunteer foreclosure we were told to leave the keys inside and lock it up and call it and tell them the date we moved out. that was 2 years ago now… I called at the beginning of the year to make sure the foreclosure was finalized because we haven’t been getting any notices in the mail about what is going on and we told that we had till the end of this year to come back and get the property back if we wanted to that nothing could be done until then… I happened to be looking online for houses and found the house listed as SOLD. I call Chase today asking what was going on with the foreclosed property and was told it was sold back in December of 2011. When I was clearly told at the beginning of this year that nothing could be done till the end of this year due to Alabama law. Asked for paperwork saying the house is out of our name and got told they can’t provide that for me… WTH We are so tired of this company and the crap that they have pulled… We left the house so we were suddenly pushed out and not able to find somewhere to live… As some of you may know when you are in bankruptcy NO ONE really likes dealing you… you have to find someone that is renting the property themselves and not with a Realtor… We would love to join in on a lawsuit against this company but I don’t know if anything is being done in Alabama… If some knows about one please let us know!
Nova….you are right…..United Nations Agenda 21 is and has been infiltrating every facet of our government and lives…along with the Socialist Party and extremist environmentalists…..Tea Parties across the U.S. are exposing and fighting this internal terrorism but we all must learn to recognize it…..it is being implemented in almost every Planning Department and the manuals for land planners, planning departments, commissioners have all been written by the United Nations, whose agenda ultimately is de-population (like Hitler)….Alabama is the only state that has banned Agenda 21 so far but different areas of other states have banned it…..google STOP AGENDA 21, get educated and get the traitors out of our GREAT NATION! PUT GODLY PRINCIPLES AND OUR CONSTITUTION BACK IN CHARGE, WHILE WE STILL CAN!
I guess you’ve noticed a disturbing pattern here…all the stories have the same facts: FRAUD. But JPMC is just the operative of a larger more evil force at work, the one behind Agenda 21. The plan is for government to get control of all real estate in the country, then kill off 90% of the population with disease, starvation and poison so that the psychopaths who control the government can “return America to a wilderness” so that they can enjoy nature walks through it.