WaMu/Chase refuses mortgage payments in favor of foreclosure
Here is a story of a guy that fell one month behind on the mortgage on his apartment building in Harlem in 2008, then made every effort to make good. WaMu/Chase refused every subsequent payment he sent, and didn’t notify him that they had filed foreclosure proceedings. Why did they do this? One theory is that they wanted to foreclose because the building was worth more than the mortgage. Luckily, the judge saw through this. (story)
Uncategorized | admin August 17, 2009
