Visit the Chase Mortgage Modification Litigation website at ChaseMDLSettlement.com to claim in the lawsuit and get various benefits that company has agreed to give.
JPMorgan Chase has agreed to settle a class action lawsuit that claimed that this financial and banking service provider failed to offer timely and proper permanent loan alterations after they completed trial period plans under certain programs. The claimants in the JPMorgan Chase mortgage modification lawsuit alleged that JPMorgan Chase was responsible for breach of contract, unfair trade practice, and other abuse of the law. However, JPMorgan Chase denied any wrong doing and argued that they have fully complied with the law. The final hearing of the case will be conducted on 7th May. If the result will come in favor of claimants, then they will be able to get benefits that company has agreed to give.
At present, no one can submit claim form for the Chase Mortgage Modification Litigation Settlement, so you have to wait till the final approval of court. When court will give final approval, class members will get invitation letter in minimum 75 days after the settlement becomes effective. To be qualified for the additional review for a loan modification, class members have to call Chase through the “800” number, which will be printed on invitation letter, within 30 days from the date of the invitation letter.
Who are eligible?
If the claimants win the case, then they will get below benefits from Chase:
Case name: JPMorgan Chase Mortgage Modification Litigation, MDL No. 2290, in the U.S. District Court for the District of Massachusetts
Official website: www.chasemdlsettlement.com
Administrator:
JPMorgan Chase has agreed to settle a class action lawsuit that claimed that this financial and banking service provider failed to offer timely and proper permanent loan alterations after they completed trial period plans under certain programs. The claimants in the JPMorgan Chase mortgage modification lawsuit alleged that JPMorgan Chase was responsible for breach of contract, unfair trade practice, and other abuse of the law. However, JPMorgan Chase denied any wrong doing and argued that they have fully complied with the law. The final hearing of the case will be conducted on 7th May. If the result will come in favor of claimants, then they will be able to get benefits that company has agreed to give.
At present, no one can submit claim form for the Chase Mortgage Modification Litigation Settlement, so you have to wait till the final approval of court. When court will give final approval, class members will get invitation letter in minimum 75 days after the settlement becomes effective. To be qualified for the additional review for a loan modification, class members have to call Chase through the “800” number, which will be printed on invitation letter, within 30 days from the date of the invitation letter.
Who are eligible?
1) Your loan must be serviced by Chase and you participated in a stated-income Trial Period Plan (“TPP”) extended by Chase under the Home Affordable Modification Program (“HAMP”) and/or under another non-HAMP modification program.
2) You must complete timely and sufficient trial payments needed by the TPP.
3) Your property has not been excluded.
4) You have not obtained permanent loan modification eligibility decision since the beginning of your trail period exposed in your stated-income or you did get an eligibility choice rejecting the loan for permanent modification during or after your trial period described in your stated-income TPP.
5) Currently, you are not a nonpayer in insolvency actions.
What will you obtain after final approval?If the claimants win the case, then they will get below benefits from Chase:
- Get an opportunity for new loan modification applications on the basis of your current situations
- Get paid counseling support from eligible, independent, nonprofit organizations to help you if you select to apply
- Get foreclosure stays, in most situations to prevent foreclosure while you apply
- Give up certain previously charged fees and costs if your new application is agreed, and you agree to a loan modification
Case name: JPMorgan Chase Mortgage Modification Litigation, MDL No. 2290, in the U.S. District Court for the District of Massachusetts
Official website: www.chasemdlsettlement.com
Administrator:
Chase Mortgage Modification Litigation
P.O. Box 43223
Providence, RI 02940-3223
1-855-564-7379
Important dates:P.O. Box 43223
Providence, RI 02940-3223
1-855-564-7379
- Settlement final hearing: 7th May, 2014 at 10:00am
- Opt Out deadline: 18th March, 2014
- Objection deadline: 18th March, 2014
Gary Klein
Klein Kavanagh Costello, LLP
85 Merrimac St., 4th Floor
Boston, MA 02114
Klein Kavanagh Costello, LLP
85 Merrimac St., 4th Floor
Boston, MA 02114
Charles E. Schaffer
Levin, Fishbein, Sedran & Berman
510 Walnut Street, Suite 500
Philadelphia, PA 19106
Counsel for Defendants:Levin, Fishbein, Sedran & Berman
510 Walnut Street, Suite 500
Philadelphia, PA 19106
Michael J. Agoglia
Morrison & Foerster LLP
425 Market Street
San Francisco, CA 94105-2482
Morrison & Foerster LLP
425 Market Street
San Francisco, CA 94105-2482
If chase put you thru all these things. Put you thru more then one trial modification. Sent letters of denial and you kept fighting and called james dimons office and had all this late money tagged on got unethical modification can you still benefit from this
ReplyDeletewhen and if a Mortgage ModificationLitigation Settlement, so you have to wait till the final approval of court
ReplyDelete