Just read your complaint. Gosh, this is so true. I am now refiling for another loan modification after 20 long months. I was turned down for a permanent loan modfication because Chase said I have too much equity. Now that is that insane or what?!! All I am trying to do is keep my home during this economic down turn that the banks created. The recent hault to foreclosures in only 23 states is so that Chase will not be looked at so much by the government. It is all coming out in the press "slowly." Chase and other banks are being paid by the insurance companies for the foreclosure for the amount of your loan. So they have no interest in refinance on any terms, and now since our credit is ruined, since you can't even apply for a loan modification without being 60 days late, you can't go out and get another loan. It is all obvious intentional destruction through unfair business practices.
I looked into a Class Action Suit with one firm in Chicago: Edleson and they are not taking any more applicants. However, we will all be part of one sooner or later when that Class Action Suit is approved for trial, because "anyone" who has filed for a loan modification will be listed and contacted.
So much to deal with, however we are all in this together.
Product or Service Mentioned: Chase Bank Loan.