Chase Bank is attempting to foreclose on my Bolingbrook townhome. What legal steps can I take to contest the foreclosure and possibly join a class action?

Question

I have lived in my Bolingbrook townhome since April 1, 1978, and Chase Bank is attempting to foreclose at the end of this month, May 31, 2025. In July 2024, instead of approving a $5,000 loan to pay my real estate taxes, Chase's loan officer had me sign for a $60,000 loan, which I later realized I couldn't afford. I've repeatedly informed Chase about my payment struggles, but they've ignored my concerns. What legal steps can I take to contest this foreclosure and potentially join a class action against Chase?

James L. Arrasmith · Answer

You're facing a serious situation, and it’s important to act quickly. If you believe you were misled or pressured into signing for a loan you didn't request—especially a \$60,000 loan when you only needed \$5,000—you may have grounds to challenge the foreclosure based on fraud, misrepresentation, or unfair lending practices. Document everything: the loan documents you signed, communications with Chase Bank, and any evidence showing what you were originally seeking. 
 
You can file a written response or motion in court to contest the foreclosure before the May 31 deadline. In that response, explain the circumstances under which you were given the larger loan and that you were not fully informed or consenting to its terms. If the foreclosure is court-ordered, you’ll need to attend the hearing and request a stay, giving you time to present your case and possibly file a complaint with state or federal financial regulators. 
 
Regarding a class action, you can research whether there is an ongoing lawsuit involving Chase and similar loan practices. If one exists, you may be eligible to join if the facts match your situation. But first, your priority is to stop or delay the foreclosure so you don’t lose your home. You’ve lived there for decades—you deserve a fair chance to be heard and to protect what’s yours.

Q: Chase Bank is attempting to foreclose on my Bolingbrook townhome. What legal steps can I take to contest the foreclosure and possibly join a class action?