Chase Tagged With More HAMP Allegations As Bankster Threatens Foreclosure On Homeowner Currently Up To Date On Loan Modification Payments

In Los Angeles, California, the Los Angeles Daily News reports:

• A Pacoima couple is suing the financial services firm JPMorgan Chase for allegedly disregarding federally backed loan modification agreements and illegally attempting to foreclose on their home, according to court papers [...].



• Anabeht and Armando Velasco are suing Chase to prevent the bank from selling their home of 12 years at a foreclosure sale next week, according to their breach of contract complaint.



• The suit filed Wednesday in Los Angeles Superior Court alleges that Chase entered into a loan modification agreement with the plaintiffs while continuing to move forward with foreclosure, even though the couple are making timely payments on their house.



• "The very banks deemed 'too big to fail' refuse to comply with federal programs that aim to help families targeted by predatory lending practices," said Yvonne Mariajimenez, deputy director of Neighborhood Legal Services of Los Angeles County, a public interest law firm representing the plaintiffs.(1)

For more, see Pacoima couple accuses JPMorgan Chase of illegally foreclosing on home.

(1) Neighborhood Legal Services of Los Angeles County is a private, non-profit law firm advocating for low-income residents by providing effective legal representation and a variety of legal services and community education at no cost to qualifying residents in various areas of law.