Widow caught in foreclosure vortex after Chase's mistake

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Widow caught in foreclosure vortex after Chase’s mistake

Widow caught in foreclosure vortex after Chase’s mistake

Oregon Live-

Two weeks ago, a jury in Hillsboro found that JPMorgan Chase broke state law when it foreclosed on a Washington County adult foster home. The jury believed Chase had promised the homeowners a modification, told them to stop making payments, then foreclosed on them anyway.

The events in that case started more than four years ago. The housing market has since recovered. Big banks have paid billions to settle foreclosure fraud allegations nationwide. Chase has reported $75 billion in profits since 2008, more each year.

Surely those problems are behind it.

Not according to Jill Africa-Barnes.

In May, Africa-Barnes found herself threatened with foreclosure by Chase after it bought her newly modified loan from another servicer. She’s now considered behind on her mortgage because she asked for help and followed their instructions.

Other homeowners continue to face similar loan-servicing mistakes and delays, advocates and experts say, despite the 18-month-old mortgage settlement.

“The complaints are continuing to come in,” Jeff Manning, spokesman for the Oregon Department of Justice, said last week.

[OREGON LIVE]

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