JP Morgan Chase Bank CEO Dimon issued an apology to military families who the bank has foreclosed upon, citing the bank's 'errors' in doing so. Beyond the apology, I don't know what else may or may not have accompanied it. I'm not aware of anything like a promise of money or aid in getting a new home. In fact, I haven't heard of any such thing being offered in addition to the apology. Will the apology lead to lawsuits being filed against the bank by those mil families who lost their homes? Only time will tell.
What is good news, however, is that at the same time, the bank also announced it is suspending all future foreclosure actions against those military families facing the threat of foreclosure. How long the suspension will last is anybody's guess, but my advice would be to contact JP Morgan Chase sooner rather than later and ask exactly what the terms of the foreclosure suspension for military families are--how long will it last; does it cover all JPMChase mortgages for mil families, and so on. Might save your home if you're active military and facing foreclosure.
Good luck!
Also, thanks for the contacts from those of you among my faithful followers. It is appreciated and remember, this blog is for you to benefit from, as well as pass on any helpful info you may come across that can help others like you.
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