The survivors of Harry Engel are suing Chase Bank after Engel experienced a heart attack after foreclosure was initiated. It is suggested in the suit that Chase was accountable.
Foreclosure leads to heart attack
According to KHOU, 79 year old Harry Engel from Texas had cardiac arrest in July 2010. His family said they lived in a house for 22 years and were forced out by Chase bank in foreclosure proceedings, which they believe caused 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 House Affordable Program, and they did so. They were planning to lower their rate because they were on a fixed income and hear they could save some cash that way.
The bank started the program but stopped their enrollment in it. Chase sent them foreclosure warnings after late fees and notices came, and eventually, a Chase attorney said eviction was pending. The male had his heart attack about that time.
Widow upset about it
Wando Jo Engel is his wife who is suing Chase for wrongful death, according to the Huffington Post. Chase was in the early phases of filing for foreclosure though it had not actually submitted the paperwork yet. The Engel family was not the only family that was told to miss a payment to be able to get in the refinancing program just for the bank to change its mind and not keep going.
According to the Washington Post, it's called "servicer-led foreclosure," which was the topic of U.S. Senate Banking Committee hearings in late 2010. They were also part of the $25 billion foreclosure settlement between the government and the five largest mortgage lenders in the nation earlier this year, according to the Los Angeles Times, who were sued by the federal government for improper foreclosures through "robosigning" and other practices.
The Engel family is not the only family to experience a servicer-led foreclosure that went awry this year. According to the Huffington Post, Bank of America similarly told Pamela Flores of Georgia the same, only for the modification to fall apart and for Flores to be foreclosed on.
Some foreclosure suicides
In 2008, the first cases of "foreclosures suicides" were noticed, according to USA Today. Homeowners who were having problems with their loans started calling suicide hotlines regularly, and they led to suicides. The mental stress is too much for a lot of people to take. This year, there was a murder-suicide in Ohio and March because of the foreclosure and there have been two suicides recorded this year.
Foreclosure leads to heart attack
According to KHOU, 79 year old Harry Engel from Texas had cardiac arrest in July 2010. His family said they lived in a house for 22 years and were forced out by Chase bank in foreclosure proceedings, which they believe caused 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 House Affordable Program, and they did so. They were planning to lower their rate because they were on a fixed income and hear they could save some cash that way.
The bank started the program but stopped their enrollment in it. Chase sent them foreclosure warnings after late fees and notices came, and eventually, a Chase attorney said eviction was pending. The male had his heart attack about that time.
Widow upset about it
Wando Jo Engel is his wife who is suing Chase for wrongful death, according to the Huffington Post. Chase was in the early phases of filing for foreclosure though it had not actually submitted the paperwork yet. The Engel family was not the only family that was told to miss a payment to be able to get in the refinancing program just for the bank to change its mind and not keep going.
According to the Washington Post, it's called "servicer-led foreclosure," which was the topic of U.S. Senate Banking Committee hearings in late 2010. They were also part of the $25 billion foreclosure settlement between the government and the five largest mortgage lenders in the nation earlier this year, according to the Los Angeles Times, who were sued by the federal government for improper foreclosures through "robosigning" and other practices.
The Engel family is not the only family to experience a servicer-led foreclosure that went awry this year. According to the Huffington Post, Bank of America similarly told Pamela Flores of Georgia the same, only for the modification to fall apart and for Flores to be foreclosed on.
Some foreclosure suicides
In 2008, the first cases of "foreclosures suicides" were noticed, according to USA Today. Homeowners who were having problems with their loans started calling suicide hotlines regularly, and they led to suicides. The mental stress is too much for a lot of people to take. This year, there was a murder-suicide in Ohio and March because of the foreclosure and there have been two suicides recorded this year.
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