A homeowner accuses the JP Morgan Chase Bank of denying his applications for loan modification to save his home and skewing his income so he was not eligible for loan modification, which furthered the foreclosure on his home in a recent lawsuit.
James Eckel filed the complaint on Aug. 23 in the U.S. District Court for Western District of Louisiana, alleging that JP Morgan Chase Bank ignored his requests for loan modification relief, which now puts his home in jeopardy. He is requesting a trial by jury.
Eckel also claims the bank falsified his income, reporting he made nothing when his gross monthly income was over $8,000. Eckel believes his misrepresented income was done knowingly by JP Morgan Chase representatives, causing him to fall further into foreclosure on his home because he was denied loan modification based on his income.
| Morguefile.com
The complaint states he trusted the bank representatives to guide him in the right direction and Eckel avoided foreclosure alternatives because he thought the bank would modify his loan. Yet, the bank denied him loan modification numerous times and through his denial appeals.
Under the National Mortgage Settlement and the U.S. Treasury Home Modification Program guidelines, Eckel believes he is supposed to be protected and JP Morgan Chase is obligated to offer him loan modification, according to the complaint.
Eckel claims he submitted all the proper documentation several times for his loan to be modified and each time he was rejected or ignored by JP Morgan Chase. He believes there is a breach of contract and he should be offered permanent loan modification based on the U.S. Treasury guidelines.
Eckel seeks relief for emotional distress, minimum statutory damages, actual damages, attorney's fees, and any other relief that the court deems proper.
He is also asking the court for an injunction against JP Morgan Chase to prevent any future harm to him and to cease foreclosure activity with his property.