Cases

Chase Loan Modification Multidistrict Litigation

In response to a foreclosure action brought against a client seeking to modify her mortgage, Goldenberg Schneider filed a third party class action against JP Morgan Chase Bank, NA, Chase Home Finance, LLC, and U.S. Bank National Association, on behalf of a class of similarly situated Ohio homeowners, to challenge the defendants’ systematic failure to honor agreements they made with homeowners to modify their loans.  The complaint alleges generally that the defendants use promises of loan modifications to lure struggling homeowners into making additional “trial plan” payments under a “trial plan” agreement, but do not actually follow through to modify the loans.  The Judicial Panel on Multidistrict Litigation has since consolidated the action with other similar actions before Hon. Richard G. Stearns of the U.S. District Court for the District of Massachusetts for pretrial proceedings.


Category: Consumer Protection  


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