The heirs of Harry Engel are suing Chase Bank after Engel experienced cardiac arrest after foreclosure was initiated. It is suggested in the suit that Chase was responsible.
Family blames bank for heart attack
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 experienced cardiac arrest, according to KHOU. His family blames the bank for his condition.
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 to send late charges and updates, and he got a notice of foreclosure. Then, he got a notice of eviction and had the heart attack. Evidently the bank started the program and cancelled their enrollment in it.
Widow upset over it
The Engel family was not alone. In fact, there were many families given instructions to miss a payment to qualify for the program just to end up getting foreclosed on. Chase had not filed the foreclosure but was in the early phases when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death lawsuit against Chase, according to the Huffington Post.
The Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the huge lawsuit the government did against the five biggest mortgage lenders in the nation for "robosigning" and other practices that 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 Bank of America too. Pamela Flores in Georgia was told the same thing from Bank of America just to have the modification not work out and foreclosure to follow, according to the Huffington Post. The Engel family is not alone.
Causes emotional stress
In 2008, the first instances of "foreclosures suicides" were noticed, according to USA Today. Homeowners who were having issues with their loans started calling suicide hotlines regularly, and they led to suicides. The mental stress is too much for some people to take. This year, there was a murder-suicide in Ohio and March as a result of foreclosure and there have been two suicides recorded this year.
Family blames bank for heart attack
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 experienced cardiac arrest, according to KHOU. His family blames the bank for his condition.
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 to send late charges and updates, and he got a notice of foreclosure. Then, he got a notice of eviction and had the heart attack. Evidently the bank started the program and cancelled their enrollment in it.
Widow upset over it
The Engel family was not alone. In fact, there were many families given instructions to miss a payment to qualify for the program just to end up getting foreclosed on. Chase had not filed the foreclosure but was in the early phases when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death lawsuit against Chase, according to the Huffington Post.
The Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the huge lawsuit the government did against the five biggest mortgage lenders in the nation for "robosigning" and other practices that 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 Bank of America too. Pamela Flores in Georgia was told the same thing from Bank of America just to have the modification not work out and foreclosure to follow, according to the Huffington Post. The Engel family is not alone.
Causes emotional stress
In 2008, the first instances of "foreclosures suicides" were noticed, according to USA Today. Homeowners who were having issues with their loans started calling suicide hotlines regularly, and they led to suicides. The mental stress is too much for some people to take. This year, there was a murder-suicide in Ohio and March as a result of foreclosure and there have been two suicides recorded this year.
Don't let a foreclosure stop you from buying a new home. See Comstock if you have a buyer in need. They have a flexible credit loan. This program assists homeowners who have recently been through a foreclosure, short sale or have recently emerged from bankruptcy.
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