Plaintiffs received a trial mortgage assistance agreement. Approximately seven months into Plaintiffs’ trial period, the lender informed Plaintiffs that they had been approved for a permanent mortgage assistance agreement and that a representative from CHASE would be in touch with Plaintiffs as to the specific terms of the agreement.
For the next 5 months, Plaintiffs were told by several lender representatives that the permanent terms were being drafted and that Plaintiffs would receive them in the near future. Instead of receiving the permanent modification terms, Plaintiffs received a notice of denial of a mortgage assistance agreement.
Plaintiffs were strung along and feared their lender was adding penalties and fees each month that went by. Plaintiffs filed their lawsuit to enforce their rights.
LITIGATION SETTLED. PLAINTIFFS WERE ABLE TO NEGOTIATION A SUBSTANTIAL PRINCIPAL REDUCTION. SPECIFIC SETTLEMENT TERMS ARE CONFIDENTIAL.