JPMorgan Chase 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 male had a heart attack after foreclosure. The suit contends Chase caused the death of Harry Engel by heart attack in 2010.
Texas man has heart attack after foreclosure
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 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 looking to lower their rate because they were on a fixed income and hear they could save some money that way.
The bank started the program but stopped their enrollment in it. Chase sent them foreclosure cautions after late fees and notices came, and eventually, a Chase attorney said eviction was pending. The male had his heart attack about that time.
Hearing from the widow
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 phases when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death suit against Chase, according to the Huffington Post.
Earlier this year, five of the biggest mortgage lenders in the country settled with the government for $25 billion because of "robosigning" and other inappropriate practices, according to the Los Angeles 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, B of A 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
Besides 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 started noting an increased number of calls from distressed homeowners who were having troubles 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.
Texas man has heart attack after foreclosure
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 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 looking to lower their rate because they were on a fixed income and hear they could save some money that way.
The bank started the program but stopped their enrollment in it. Chase sent them foreclosure cautions after late fees and notices came, and eventually, a Chase attorney said eviction was pending. The male had his heart attack about that time.
Hearing from the widow
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 phases when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death suit against Chase, according to the Huffington Post.
Earlier this year, five of the biggest mortgage lenders in the country settled with the government for $25 billion because of "robosigning" and other inappropriate practices, according to the Los Angeles 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, B of A 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
Besides 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 started noting an increased number of calls from distressed homeowners who were having troubles 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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