Chase widens foreclosure review to 41 states
With Attorneys General from all 50 states now breathing down their back, Chase is expanding its review of foreclosure practices to 41 states, according to this article in the Wall Street Journal. In an interview JPMorgan Chase CEO Jamie Dimon says this:
“No One has been evicted out of a home who shouldn’t have been.”
Oh really? What about Judi Moser?
She showed Channel 2 Action News reporter Richard Elliot what’s left of her life after deputies and crews evicted her from her home of 29 years — only to put it all back when they learned the bank made a mistake.”
And then they said, ‘Oops, wrong, we made a mistake. Let’s put everything back,'” said Moser.
Moser said it all started when she hit some tough times and called her mortgage holder, Chase Bank, to make a home loan modification.She said she was approved and sent Chase $4,000.But, she said, Chase never processed the paperwork, which caused a mistaken foreclosure in February, and last week’s eviction.
That story isn’t an anomaly. We’ve seen quite a few stories where people are in the process of a loan modification and they get foreclosed upon, a process called parallel foreclosure which Chase has admitted to practicing. For example:
We were in the middle of a loan mod when we got the foreclosure notice stapled on our home…we called Chase they said to ignore it and we continued with the loan mod.
That’s right, Chase actually told the homeowners to ignore the foreclosure notice and they lost their home.
Bad bad Chase, Foreclosure | admin October 14, 2010
