LOS ANGELES - A Pacoima couple is suing the financial services firm JPMorgan Chase for allegedly disregarding federally backed loan modification agreements and illegally attempting to foreclose on their home, according to court papers obtained today.Anabeht and Armando Velasco are suing Chase to prevent the bank from selling their home of 12 years at a foreclosure sale next week, according to their breach of contract complaint.

The suit filed Wednesday in Los Angeles Superior Court alleges that Chase entered into a loan modification agreement with the plaintiffs while continuing to move forward with foreclosure, even though the couple are making timely payments on their house.

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