I'm upside down too btw. It's YOUR EQUITY LOSS. They owe you. Call FHA first and ask for your endorsement date and FHA case number. Ask the what the have the value of your home at. As well as chase.... Then you need to read your local attorney generals office. Don't forget, the banks, HUD, Freddie, Fannie, ginnie, FHA....MALL THE GOVERNMENT. Google Ginnie loan issues, laws breached, HAMP and call your insurance agent to see if you are covered for help or if they owe you on ginnies underinsured 3rd party guarantee.