This is why you should challenge a Chase foreclosure
Another useful tidbit from a great Chase-related blog post.
Quite often, when a big bank like Chase (and it seems especially Chase) forecloses on someone, chances are they have not dotted all ‘i’s and crossed all the ‘t’s. In fact, there is a good chance they might not actually be able to prove that they have the right to foreclose upon you, and you could quite possibly get your foreclosure dismissed, and perhaps even get your loan forgiven. Take for instance this deposition of Beth Ann Cottrell, Operations Manager of Chase Home Finance LLC:
Q. So if you did not review any books or records or electronic records before signing this affidavit of payments default, how is it that you had personal knowledge of all of the matters stated in this sworn document?
A. Well, it is pretty simple, I have personal knowledge that my staff has personal knowledge of what is in the affidavit on personal knowledge. That is how our process works.
Q. So, when signing an affidavit, you stated you have personal knowledge of the matters contained therein of Chase’s business records yet you never looked at the data bases or anything else that would contain those records; is that correct?
A. That is correct. I rely on my staff to do that part.
Q. And can you tell me in a given week how many of these affidavits you might sing?
A. Amongst all the management on my team we sign about 18,000 a month.
Q. And how many folks are on what you call the management?
A. Let’s see, eight.
Foreclosure | admin July 18, 2010
