At the law office of Ira J. Metrick, we have defended borrowers against foreclosures from many different Lenders, including JPMorgan Chase.
About JPMorgan Chase
JPMorgan Chase is an American multinational investment bank and financial services company headquartered in New York City. They are currently the largest bank in the United States and one of the ten largest banks in the world.
J.P. Morgan and Chase are both subsidiaries of JPMorgan Chase, and both of them act as mortgage servicers, managing the day-to-day administration of mortgage accounts, including collecting regular monthly mortgage payments.
JPMorgan Chase Loan Modifications
In 2012, JPMorgan Chase agreed to pay $5.3 billion in a settlement with the US Department of Justice for the role they played in the lead up to the 2008 financial crisis. $4.2 billion of that fine was to be used for consumer relief, such as loan forgiveness. This can take the form of principal reduction loan modifications for homeowners with J.P. Morgan and Chase mortgages. In a separate settlement in 2013, JPMorgan Chase was ordered to pay an additional $4 billion in consumer relief.
If you are facing foreclosure on your mortgage serviced by a JPMorgan Chase company, including J.P. Morgan or Chase, we can determine the type of modification you may be eligible for, and we can give you an estimate of the modification payment terms.
Some attorneys that may represent JPMorgan Chase include:
- Phelan Hallinan Diamond & Jones, PC
Helpful NJ Foreclosure and Loan Modification Resources
- Foreclosure Defense Overview
- New Jersey Foreclosure Timeline
- New Jersey Sheriff Sale FAQ
- New Jersey Sheriff Sale Timeline
- New Jersey Loan Modification Information
Contact Ira J. Metrick Today to Discuss Your JPMorgan Chase Foreclosure in NJ
If your mortgage is serviced by JPMorgan Chase and your home is facing foreclosure, contact us today. We can discuss your situation and help you defend the foreclosure and determine if you are eligible for a loan modification. We also offer aggressive representation to assist in the loan modification process.
We can also ensure that the lender has followed all proper foreclosure procedures and has not violated your rights as a borrower. These violations can include, but are not limited to:
- Pursuing a foreclosure or sheriff sale while your loan modification application is still being reviewed (also known as Dual Tracking).
- Refusing to honor or review your loan modification.
- Not responding to your loan modification application within 30 days.
- Refusing to accept your mortgage payment or mortgage reinstatement.
- Declaring you in default and threatening foreclosure even though you are up to date on your payments.
If any of these or other situations have happened to you, contact the law office of Ira J. Metrick today to discuss your options.