Created by J.P. Morgan Chase Bank, Homeownership Centers are a place for borrowers to sit down and discuss their situation on a face-to-face basis with a trained loan advisor. Chase has opened four homeownership centers in California and plans to have nine open by the end of the month and 24 open across the country by April. In Aventura, a Center is planned to open later this month. Customers of Chase can receive more information by calling 1-866-550-5705.
Foreclosure
In an effort to help deal with the rising U.S. mortgage deliquency and foreclosure rates, three major banks (Bank of America, Citigroup and J.P. Morgan Chase) announced that they would suspend foreclosures indefinitely. Here in South Florida, Bank United announced that it would temporarily stop foreclosures and Bank Atlantic said it is temporarily putting a moratorium aimed at giving the Treasury Department time to announce a home loan modification program.
Foreclosures were up 81% nationwide in 2008. They are up 225% since 2006.
For more information please contact me at (305) 329-4929 or [email protected]