JPMorgan Chase is being sued for a foreclosure, but not in the way many would anticipate. A wrongful death suit has been filed against the bank after a man had a heart attack after foreclosure. The lawsuit suggests Chase caused the death of Harry Engel by heart attack in 2010.
Foreclosure results in heart attack
According to KHOU, 79 year old Harry Engel from Texas had a heart attack in July 2010. His family said they lived in a home for 22 years and were forced out by JPMorgan Chase in foreclosure proceedings, which they believe brought on the heart attack.
The local Chase branch advised the Engel family that they had to miss a payment before they could qualify for the Department of the Treasury's Making Home Affordable Program, and they did so. They were seeking to lower their rate because they were on a fixed income and hear they could save some money that way.
The bank started the program but stopped their enrollment in it. Chase sent them foreclosure warnings after late fees and updates came, and eventually, a Chase lawyer said eviction was approaching. The male had his heart attack about that time.
Widow sues
Wando Jo Engel is his wife who is suing Chase for wrongful death, according to the Huffington Post. Chase was in the early stages of filing for foreclosure though it had not really filed the paperwork yet. The Engel family was not the only family that was told to miss a payment in order to get in the refinancing program just for the bank to change its mind and not keep going.
Earlier this year, five of the largest mortgage lenders in the country settled with the government for $25 billion due to "robosigning" and other inappropriate practices, according to the LA Times. Part of it was "servicer-led foreclosure," which was what this is called and was talked about in 2010 in a U.S. Senate Banking Committee, according to the Washington Post.
There are other families in the Engel family' positions. In fact, Pamela Flores of GA got kicked out of her home earlier this year after a comparable situation occurred in which the bank promised a modification that did not work out and she wound up in foreclosure.
Some foreclosure suicides
Apart from the financial toll that foreclosures enforce, a number of individuals have crumbled from the mental anguish, leading to a number of "foreclosures suicides." Some of the first instances were noticed in 2008, according to USA Today. During that year, suicide hotlines started noting an increased number of calls from distressed homeowners who were having issues with their loans. At least two have been recorded this year, according to the Huffington Post, one in May in California and a murder-suicide in Ohio in March.
Foreclosure results in heart attack
According to KHOU, 79 year old Harry Engel from Texas had a heart attack in July 2010. His family said they lived in a home for 22 years and were forced out by JPMorgan Chase in foreclosure proceedings, which they believe brought on the heart attack.
The local Chase branch advised the Engel family that they had to miss a payment before they could qualify for the Department of the Treasury's Making Home Affordable Program, and they did so. They were seeking to lower their rate because they were on a fixed income and hear they could save some money that way.
The bank started the program but stopped their enrollment in it. Chase sent them foreclosure warnings after late fees and updates came, and eventually, a Chase lawyer said eviction was approaching. The male had his heart attack about that time.
Widow sues
Wando Jo Engel is his wife who is suing Chase for wrongful death, according to the Huffington Post. Chase was in the early stages of filing for foreclosure though it had not really filed the paperwork yet. The Engel family was not the only family that was told to miss a payment in order to get in the refinancing program just for the bank to change its mind and not keep going.
Earlier this year, five of the largest mortgage lenders in the country settled with the government for $25 billion due to "robosigning" and other inappropriate practices, according to the LA Times. Part of it was "servicer-led foreclosure," which was what this is called and was talked about in 2010 in a U.S. Senate Banking Committee, according to the Washington Post.
There are other families in the Engel family' positions. In fact, Pamela Flores of GA got kicked out of her home earlier this year after a comparable situation occurred in which the bank promised a modification that did not work out and she wound up in foreclosure.
Some foreclosure suicides
Apart from the financial toll that foreclosures enforce, a number of individuals have crumbled from the mental anguish, leading to a number of "foreclosures suicides." Some of the first instances were noticed in 2008, according to USA Today. During that year, suicide hotlines started noting an increased number of calls from distressed homeowners who were having issues with their loans. At least two have been recorded this year, according to the Huffington Post, one in May in California and a murder-suicide in Ohio in March.
ليست هناك تعليقات:
إرسال تعليق