Keller Rohrback LLP. Announces Class Actions Filed In California Against SunTrust Mortgage, Inc. and Chase Home Finance LLC

SEATTLE, May 11, 2011 (GlobeNewswire) – Attorney Advertising. Keller Rohrback L.L.P. (www.krclassaction.com) announces the filings of two class action lawsuits in the United States District Court for the Southern District of California. One case was filed against SunTrust Mortgage, Inc. and SunTrust Banks, Inc. (NYSE: STI). The other case was filed against Chase Home Finance LLC and JPMorgan Chase Bank, N.A. (NYSE: JPM). The complaints were filed on behalf of California homeowners who have pursued mortgage loan modifications with SunTrust or Chase, and allege that the Defendants violated California consumer protection laws and breached contracts and other duties by, among other things:


 Taking advantage of mortgagors’ defaults;

 Verbally promising modification and forbearance, soliciting modification applications, and representing that certain written materials are part of the modification process;

 Failing to grant promised modifications or reneging on contractual modifications;

 Unduly delaying modifications;

 Repeatedly telling mortgagors that documents are lost, missing, incomplete, or otherwise defective;

 Proceeding with foreclosures based on mortgagors’ failure to meet shifting demands;

 Increasing principal balances and imposing late charges and other fees and expenses on mortgagors;

 Hanging foreclosure over mortgagors’ heads as they are dragged through the modification process;

 Substantially increasing debts by incorrectly applying payments; and

 Failing to keep accurate records.

Keller Rohrback’s investigation of the practices alleged in the complaints is ongoing, particularly regarding homeowners whose houses were sold in foreclosure sales after they tried to have their loans modified by SunTrust or Chase.

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