WINFIELD – A Putnam County man says that when he defaulted on his mortgage, his bank foreclosed on the house instead of working out a repayment plan.
Kyle E. Chapman filed a lawsuit Feb. 24 in Putnam Circuit Court against JPMorgan Chase Bank NA, alleging negligence, unconscionable conduct and tortuous interference with a contract.
According to the complaint, in 2011 Chapman received a mortgage loan for $123,216 under a U.S. Department of Agriculture program for low-income home buyers, serviced by JPMorgan Chase. The suit says that Chapman, who works two jobs as a lab technician, applied for a loan modification to help him afford the mortgage after the birth of his second child in 2013.
After Chase allegedly denied the loan modification, Chapman says they offered him a repayment plan for $1,553 a month, nearly double the original monthly mortgage payment amount. Chapman says that Chase was unwilling to work out an affordable repayment plan, and instead foreclosed on his home on Jan. 5.
Chapman seeks a jury trial, cancellation of the foreclosure, punitive and compensatory damages, and litigation costs. He seeks damages of no greater than $74,999.99. He is represented by attorney Bren J. Pomponio of Mountain State Justice Inc. in Charleston. Judge Joseph Reeder is assigned to the case.
Putnam Circuit Court Case number 16-C-49
