Behind on Your Chase Mortgage in New York? Here's What to Do Next.

JPMorgan Chase is one of the most active mortgage servicers in New York City. If Chase has begun foreclosure proceedings against you — or if you've stopped making payments and don't know what comes next — this page is for you.

New York's judicial foreclosure process gives you time, but it doesn't give you unlimited time. And the earlier you engage with Chase's loss mitigation department, the more options remain on the table.

Chase's Foreclosure Process in New York

Chase (JPMorgan Chase Bank, N.A.) must file a lawsuit in New York Supreme Court to foreclose. That process typically takes 12–24+ months from filing to sale date. However, once a judgment of foreclosure and sale is entered, the timeline can compress quickly.

During the pre-judgment phase, Chase is required to participate in mandatory foreclosure settlement conferences in New York — court-supervised sessions designed to facilitate loan modification agreements. We help homeowners prepare for and navigate these conferences.

Loss Mitigation Options with Chase

Loan Modification — Chase offers modification programs for homeowners who want to keep their homes. Eligibility depends on your loan's investor (Fannie Mae, Freddie Mac, private investor, or Chase-owned), your current financial situation, and your hardship. Chase's modification process involves a trial payment period before the permanent modification is finalized.

Short Sale — For homeowners who cannot sustain payments even with a modification, Chase will consider a short sale. Chase has a defined short sale process and uses its own BPO (Broker Price Opinion) to determine an acceptable sale price.

Deed in Lieu — Available in limited circumstances when other options aren't viable.

The NY Foreclosure Settlement Conference Advantage

New York is one of the few states that requires mandatory settlement conferences in residential foreclosure cases. This gives homeowners a court-supervised opportunity to negotiate with Chase. Missing these conferences or appearing unprepared is one of the biggest mistakes homeowners make.

We help you understand what Chase is looking for at each stage so you can show up prepared — or we coordinate with your attorney if legal representation is needed for court appearances.

How We Work with Chase Files

  • We assess your situation and identify whether a loan mod or short sale is the right path

  • We prepare your complete loss mitigation package — the way Chase wants it

  • We communicate with Chase's dedicated teams on your behalf

  • We track your NY court dates and conference schedule

  • We connect you with licensed NY attorneys for court-related matters (we are not attorneys)

No upfront fees. Compensation at resolution only.

Call (646) 600-5995 or submit the form below.

Results depend on lender, investor, and court approval. No outcome is guaranteed. ProForeclosure.com is not affiliated with or endorsed by JPMorgan Chase Bank. We are not attorneys. NY residents: free housing counseling at 800-342-3736. No upfront fees per FTC MARS Rule. 3-day right to cancel per NY GBL §265-b.