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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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3 Homeowners Sue JP Morgan Chase


There are 3 extremely angry homeowners in New Jersey who are suing JP Morgan Chase because they did not receive permanent modifications. These homeowners were all placed in Trial Modifications under the Obama’s HAMP Program, and were told that as long as they made their payments on time they would receive a permanent modification.   They are now all facing foreclosure. The bank told the homeowners that they did not qualify for a permanent modification due to low income.  Per Chase Bank they have completed a total of 750,000.00 loan modifications and only 25% have been converted into permanent modifications.