Chase looses yet another foreclosure case in court
Chase has lost another foreclosure case in court because it was unable to produce the original promissory note.
A Florida couple is staying in their home because the bank holding their mortgage could not prove they owed them any money.
According to a report at Ocala.com, the Reddick, Fla., couple admitted in court that it owed its bank money on their home mortgage. The bank in the case pursued foreclosure proceedings against them in an attempt to reclaim the home.
However, this Florida couple, like thousands of other homeowners across the country, had their foreclosure documents filed in court through the robo-filing process. Robo-filers were employed by the nation’s biggest banks and largest home-loan lenders to quickly file foreclosure proceedings against tens of thousands of homeowners who’d fallen behind on payments.
For Phillip and Viva Evans, they had fallen nearly a half-million dollars behind on their home payments and Chase Finance filed foreclosure documents. The Evans’ challenged the foreclosure process in court and when it came time for Chase to provide proof of the loan, it was learned they had lost the original promissory note.
Foreclosure | admin January 18, 2011
