The Real Deal Miami

Foreclosure moratorium not being followed

December 03, 2008 05:05PM

Some homeowners say they are still receiving foreclosure notices from
banks that promised to halt the foreclosure process until 2009.
JPMorgan Chase said at the end of October that it would not put any
additional loans into the foreclosure process for 90 days, hoping to
keep 400,000 borrowers in their homes by modifying loans and opening
more mortgage counseling centers.