JP Morgan Chase Offers Help

As part of their recent settlement with the Justice Department, JP Morgan Chase Bank is offering assistance to homeowners, including forgiveness of debt and other mortgage relief for homeowners. The relief comes in a number of areas, including loan modifications, interest rate reductions, low income and disaster lending and blight relief lending. As Chase makes various types of loans, it gets credit under the JD settlement, but not all relief gets the bank dollar for dollar relief. So, obviously, they are happier doing one form than some of the others. ultimately, assistance under the terms of the settlement will total $4 Billion, and the bank has until 2017 to get it all completed and disbursed. The first 100 cases are now underway, and are regarded by both government and bank officials as a 'test' of how the settlement will work. If you have a home loan with Chase and think you may qualify under the terms of the settlement, or if you're not certain if you qualify, get in touch with Chase as soon as possible and get the discussion going. As always, Good Luck.