The survivors of Harry Engel are suing J.P. Morgan Chase after Engel experienced a heart attack after foreclosure was initiated. It is suggested in the suit that Chase was responsible.
Heart attack comes from foreclosure allegedly
According to KHOU, 79 year old Harry Engel from Texas had cardiac arrest in July 2010. His family said they lived in a home for 22 years and were forced out by Chase bank in foreclosure proceedings, which they believe brought on the heart attack.
The Engel family wanted to refinance through the Making House 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 to be able to qualify for the program, and they did so.
The bank started to send late fees and updates, and he got a notice of foreclosure. Then, he got a notice of eviction and had the heart attack. Apparently the bank started the program and cancelled their enrollment in it.
Hearing from the widow
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 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.
Earlier this year, five of the biggest 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 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 GA the same, only for the modification to fall apart and for Flores to be foreclosed on.
Some foreclosure suicides
Aside from the financial toll that foreclosures impose, numerous 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 began 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.
Heart attack comes from foreclosure allegedly
According to KHOU, 79 year old Harry Engel from Texas had cardiac arrest in July 2010. His family said they lived in a home for 22 years and were forced out by Chase bank in foreclosure proceedings, which they believe brought on the heart attack.
The Engel family wanted to refinance through the Making House 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 to be able to qualify for the program, and they did so.
The bank started to send late fees and updates, and he got a notice of foreclosure. Then, he got a notice of eviction and had the heart attack. Apparently the bank started the program and cancelled their enrollment in it.
Hearing from the widow
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 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.
Earlier this year, five of the biggest 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 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 GA the same, only for the modification to fall apart and for Flores to be foreclosed on.
Some foreclosure suicides
Aside from the financial toll that foreclosures impose, numerous 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 began 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.
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