Chase bank is being sued for a foreclosure, but not in the way many would anticipate. A wrongful death suit has been submitted against the bank after a man had a heart attack after foreclosure. The suit suggests Chase brought on the death of Harry Engel by heart attack in 2010.
Heart attack comes from foreclosure supposedly
Seventy-nine year old Harry Engel's family told the news that they had lived in the same house for 22 years. Then, JPMorgan Chase forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he suffered cardiac arrest, according to KHOU. His family blames the bank for his condition.
The Engel family wanted to refinance through the Making Home Affordable Program with the Department of Treasury because they lived on a fixed income and wanted a lower rate. The local Chase branch told them that they had to miss a payment in order to qualify for the program, and they did so.
The bank started the program but stopped their enrollment in it. Chase sent them foreclosure cautions after late fees and updates came, and eventually, a Chase attorney said eviction was approaching. The man had his heart attack about that time.
Widow upset about this
His wife, Wando Jo Engel, is suing Chase, according to the Huffington Post, in a wrongful death lawsuit. The Engel family was among a number of people who had been given comparable instructions. They were told to miss at least one payment to qualify for a troubled mortgage refinance, only to fall into foreclosure after the bank decided to not keep going. Chase hadn't filed foreclosure proceedings yet, but was in the early phases.
The Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the enormous lawsuit the government did against the five biggest mortgage lenders in the country for "robosigning" and other practices which were not allowed. The mortgage lenders settled for $25 billion earlier this year, according to the Los Angeles Times.
The Huffington Post explained that a servicer-led foreclosure went wrong this year at B of A too. Pamela Flores in Georgia was told the same thing from B of A just to have the modification not work out and foreclosure to follow, according to the Huffington Post. The Engel family is not alone.
Just a couple deaths
There have been quite a few foreclosure suicides since 2008 when the market first started to crash, according to USA Today. Distressed homeowners had problems with their loans and started calling suicide hotlines. This year, there have been a few incidents, two of which were suicides and one which was a murder-suicide. People are crumbling under the pressure of keeping their family together when getting kicked out of a home.
Heart attack comes from foreclosure supposedly
Seventy-nine year old Harry Engel's family told the news that they had lived in the same house for 22 years. Then, JPMorgan Chase forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he suffered cardiac arrest, according to KHOU. His family blames the bank for his condition.
The Engel family wanted to refinance through the Making Home Affordable Program with the Department of Treasury because they lived on a fixed income and wanted a lower rate. The local Chase branch told them that they had to miss a payment in order to qualify for the program, and they did so.
The bank started the program but stopped their enrollment in it. Chase sent them foreclosure cautions after late fees and updates came, and eventually, a Chase attorney said eviction was approaching. The man had his heart attack about that time.
Widow upset about this
His wife, Wando Jo Engel, is suing Chase, according to the Huffington Post, in a wrongful death lawsuit. The Engel family was among a number of people who had been given comparable instructions. They were told to miss at least one payment to qualify for a troubled mortgage refinance, only to fall into foreclosure after the bank decided to not keep going. Chase hadn't filed foreclosure proceedings yet, but was in the early phases.
The Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the enormous lawsuit the government did against the five biggest mortgage lenders in the country for "robosigning" and other practices which were not allowed. The mortgage lenders settled for $25 billion earlier this year, according to the Los Angeles Times.
The Huffington Post explained that a servicer-led foreclosure went wrong this year at B of A too. Pamela Flores in Georgia was told the same thing from B of A just to have the modification not work out and foreclosure to follow, according to the Huffington Post. The Engel family is not alone.
Just a couple deaths
There have been quite a few foreclosure suicides since 2008 when the market first started to crash, according to USA Today. Distressed homeowners had problems with their loans and started calling suicide hotlines. This year, there have been a few incidents, two of which were suicides and one which was a murder-suicide. People are crumbling under the pressure of keeping their family together when getting kicked out of a home.
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