Chase sued for parallel foreclosure
At least one couple is standing up to Chase for their parallel foreclosure tactics. This is how it works: Chase tells you that in order to qualify for a loan modification you must be delinquent on your loan, so they advise you to stop paying it. Then, through a long drawn out loan modification process, they start foreclosure proceedings without telling you and eventually foreclose on your home. Whether they are doing this maliciously or just out of incompetence (left hand not talking to right hand) is anyone’s guess.
Bad bad Chase, Foreclosure, Loan modification | admin April 9, 2010
