Man Claims Chase Bank Trashed His Loan Modification Agreement

Robert Davis was profiled on the radio as a success story — a Bayview resident facing foreclosure who beat the odds and secured a home loan modification from Chase.

In March, it looked like his story had a happy ending: Chase approved him for a permanent loan modification that allowed him to keep his house. Davis says he even received a personal phone call from the bank congratulating him on his success. Then, on June 1, Davis says he received a letter from Chase saying his modification was canceled — because, the bank told him, he himself had written to withdraw his request.

To Davis, this made no sense. His path “hacking through the loan modification jungle” was featured on KALW radio earlier this year. Davis (whose name was changed to protect his privacy) has a steady job as a garbage collector, but says he missed his mortgage payments in order to pay for his mother-in-law’s funeral. The missed payments put his much-loved Bayview home into jeopardy.

Read more from the SF Weekly

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