Homeowners say loan mods led them to foreclosure

LOS ANGELES -- Grocery store owners William and Esperanza Casco were making enough money to stay current on their mortgage, but when JPMorgan Chase & Co. offered a plan that reduced their payments, they figured they could use the extra cash and signed up.

The Cacsos say they never missed a subsequent payment, so they were horrified when the bank decided the smaller payments weren't enough and foreclosed on their modest Long Beach home.

Their story is echoed across the country by people who claim - some in lawsuits - that banks didn't live up to their end of the deal when they agreed to trial mortgage modifications.