One example of parallel foreclosure reversal
Kudos to the attorney that got a homeowners foreclosure reversed in Florida. From this story we learn two things:
- Chase often says it will do one thing but then does something else.
- The courts finding in this case shows that by doing this, Chase is practicing fraud, misconduct, and misrepresentation.
In other words, Chase is in the wrong here and it is worthwhile to go after them legally for this.
Since February 2010, JP Morgan Chase promised to provide a mortgage modification to my client. They promised to stop the foreclosure proceedings and allow him to stay in the home. My client acted in good faith the entire time, trying to save his home from Foreclosure using the trial modification system as we set up in every modification case. Then, without ever telling my client they were moving forward, Chase went ahead and behind his back got a Summary Judgment. This gave Chase the right to sell my client’s home at Judicial Auction.
When my client was sent a copy of the Summary Judgment, he called the Bank to ask why they were not giving him the promised trial mortgage modification. The Bank assured my client they were giving him a modification and would suspend the sale so that the Trial Modification could go through. That is not what happened. What Chase actually did was sell the house at a judicial sale behind my client’s back. When my client informed us of the way Chase had treated him we felt this was an atrocity. We immediately filed a Motion to Vacate the Summary Judgment based on Fraud, Misconduct and Misrepresentation. Today we had the hearing on my motion. The Judge Ordered the Summary Judgment be vacated (overturned). My client gets to keep his house!
Bad bad Chase, Foreclosure, Loan modification | admin November 3, 2010
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By Alessandro Machi, November 3, 2010 @ 9:52 pm
Wow, the article you linked to actually uses the phrase “parallel foreclosure” in the tag section. I believe parallel foreclosure should eventually result in Barack Obama’s impeachment, or Obama not running for a second term.
Anything less than that would mean there is only rule of law pertaining to main street and not wall street.