Chase Cares, no, really..
In an effort to aid struggling homeowners, Chase bank on Friday said it plans to open five counseling centers in Florida where advisors will meet face-to-face with borrowers to help them avoid foreclosure.
The Homeownership Centers will open later this month at yet-to-be determined locations in Miami, Aventura, Fort Myers, Orlando and Tampa, the bank said.
Once open, trained advisors will meet with borrowers who have mortgages serviced by Chase, Washington Mutual or EMC, which are all now part of JP Morgan Chase.
On Thursday, the company announced the opening of four such centers in California, along with plans to open 24 additional centers around the country by the end of March.
In late 2008, Chase announced efforts to modify the terms on more than $110 billion worth of residential mortgages. It expects to help more than 650,000 families.
On Friday, JP Morgan Chase and Citigroup said they would hold off on initiating new foreclosures until the Obama administration can design a wide-scale loan modification plan to keep millions of borrowers in their homes.
