JPMorgan Chase & Co. Mortgage Complaint

Conventional fixed mortgage Loan modification,collection,foreclosure

JPMorgan Chase & Co. Mortgage department,

Conventional fixed mortgage Loan modification,collection,foreclosure Florida

-/-/- I purchase my home original loan amount with Chase bank $100000.00, in -/-/- I was forced to do a loan modification with Chase Bank at that time my loan amount was $100000.00 I just today -/-/- realized that at the time of the modification Chase put another $11000.00 on to my principle balance bringing the loan amount up $110000.00 and even after - years of making payments I owe $100000.00 on a home that I have been paying on for fourteen years. Not to mention that they gave me a 40 year period in which to pay this. The modification was done in -/-/- it is now -/-/- how is it possible after making monthly payments for four years my principle balance has only come down - dollars? and how is it that in doing a loan modification they are able to add on $11000.00 to my principle balance? How is it that I owe more on my home now then what I purchase it for fourteen years ago? I have never received a loan against the property, I have tried to be responsible and do the right thing how could this have happened. The banks are really getting over, rip off. The Loan Modification I thought was put in place to help people stay in there homes, Obama created this mess he needs to step up and do something about it. I WOULD ADVISE EVRYONE DO NOT DO A MODIFICATION WITH CHASE BANK!!!

JPMorgan Chase & Co. customer in Florida
Apr 30, 2016

* Source: CFPB Complaint Database

JPMorgan Chase & Co. response to complaint:
Closed with explanation

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