JPMorgan Chase is being sued for a foreclosure, but not in the way many would expect. A wrongful death lawsuit has been filed against the bank after a man had cardiac arrest after foreclosure. The suit contends Chase caused the death of Harry Engel by heart attack in 2010.
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, Chase bank forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he experienced a heart attack, according to KHOU. His family blames the bank for his condition.
The Engel family lived on a fixed income and had heard about a refinancing program that would lower their rate. They spoke with a banker at their local Chase branch, who told them in order to qualify for the refinancing program through the Department of the Treasury, ostensibly the Making Home Affordable Program, they had to first miss a payment, which they did.
The bank then allegedly started the program, but canceled their enrollment. Late fees and notices started arriving, followed by a notice that foreclosure was pending. He had his heart attack after foreclosure warnings arrived, along with a Chase lawyer advising that eviction was pending.
Widow upset over it
The Engel family was not alone. In fact, there were numerous families given instructions to miss a payment to qualify for the program just to end up getting foreclosed on. Chase had not submitted the foreclosure but was in the early stages when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death lawsuit against Chase, according to the Huffington Post.
Earlier this year, five of the largest mortgage lenders in the nation settled with the government for $25 billion because of "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.
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 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.
Hard to deal with foreclosure
In 2008, the first instances 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 many 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, Chase bank forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he experienced a heart attack, according to KHOU. His family blames the bank for his condition.
The Engel family lived on a fixed income and had heard about a refinancing program that would lower their rate. They spoke with a banker at their local Chase branch, who told them in order to qualify for the refinancing program through the Department of the Treasury, ostensibly the Making Home Affordable Program, they had to first miss a payment, which they did.
The bank then allegedly started the program, but canceled their enrollment. Late fees and notices started arriving, followed by a notice that foreclosure was pending. He had his heart attack after foreclosure warnings arrived, along with a Chase lawyer advising that eviction was pending.
Widow upset over it
The Engel family was not alone. In fact, there were numerous families given instructions to miss a payment to qualify for the program just to end up getting foreclosed on. Chase had not submitted the foreclosure but was in the early stages when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death lawsuit against Chase, according to the Huffington Post.
Earlier this year, five of the largest mortgage lenders in the nation settled with the government for $25 billion because of "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.
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 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.
Hard to deal with foreclosure
In 2008, the first instances 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 many 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.
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