Alice Bruce
12/03/2024
JPMorgan Chase Bank, N.A
Re: Account Number: 0015284797
Property Address: 867 Hanover Way, Lakeland, FL 33813
Dear Alana:
I am writing to formally dispute several serious discrepancies regarding my mortgage loan referenced above, which was reportedly modified by Chase on December 20, 2013.
1. Loan Modification and Balance Discrepancies – Your servicer, SPS, references a deferred principal balance of $362,949.00 that was eligible for forgiveness – A portion of this amount ($120,983.00) was reportedly forgiven on October 1, 2014 – However, documentation suggests this amount has been gradually added back to my balance, effectively negating the intended loan modification benefits – No amortization schedule has been provided to verify these significant balance changes or explain how these modifications were applied
2. Missing Transaction History – Critical account history is missing from November 28, 2013, through July 31, 2014 – This period coincides with significant modification activity and the reported forgiveness – Without this history, it is impossible to verify the accuracy of my current balance or track how the deferred principal was handled
3. 1099-C Concerns – A 1099-C was issued for the forgiven amount – Despite this tax document indicating a discharge of debt, the amount appears to have been reapplied to my balance – This may constitute double jeopardy as I have likely paid taxes on this forgiven amount – The practice of reapplying forgiven debt that has been reported to the IRS via 1099-C may violate federal tax regulations
4. MERS Registration Issues – The MIN number provided (1003194000001496914) shows as inactive on the MERS website –
This contradicts SPS’s statement about active MERS tracking of my mortgage Required Actions:
1. Please provide a complete accounting of my loan from the original modification date through present, including: – The original modification agreement showing the terms of the $362,949.00 deferred principal balance – A detailed amortization schedule showing how this deferred amount was handled – Documentation explaining why forgiven amounts were reapplied to the balance – All missing transaction histories
2. Explain the discrepancy between the 1099-C issuance and the current balance
3. Provide documentation of the current MERS registration status
4. Provide a clear breakdown of how the deferred principal balance of $362,949.00 was handled, including all reductions and any subsequent additions to the balance Under the Real Estate Settlement Procedures Act (RESPA), you are required to respond to this qualified written request within 30 business days. These issues suggest potential violations of both tax law and consumer protection regulations that require immediate attention and resolution. I reserve all rights and remedies under applicable state and federal laws. Sincerely,–
We are in life by the choices we have made or continue to make. Make good choices!
Alice Bruce
Mobile:1+863-640-8169