J.P. Morgan Chase (formerly WaMu) Complaint - I Sued Chase and Won over $7K
CA, CALIFORNIA -- My mortgage with Chase (formerly Washington Mutual) included PMI because the LTV was over 80%. The problem arose when I attempted to have the PMI removed three years after the loan origination. Chase not only delayed but also made one specific statement that is illegal. I sued in San Mateo County Small Claims Court. I was awarded a judgment of over $6K (the total cost of ALL PMI payments) and less than a year later actually collected over $7K (because of additional fees and interest.) The above information is public record.
I have no doubt that Chase (and probably many other banks) have duplicated this illegal behavior thousands of times. The letter they sent to me with the illegal statements was a generic form letter that they send to anyone inquiring about PMI removal. I received at least two copies of the same information from them at different times in this process.
I am happy to share this information and a strategy to pursue reimbursement from Chase or any mortgage lender. Send requests for information to "email@example.com". I am unable to reply via the "my3cents.com" site.