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 lawsuit contends Chase brought on the death of Harry Engel by heart attack in 2010.
Family blames financial institution for heart attack
According to KHOU, 79 year old Harry Engel from Texas had a heart attack 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 caused the heart attack.
The Engel family wanted to refinance through the Making Home 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 the program but stopped their enrollment in it. Chase sent them foreclosure cautions after late charges and updates came, and eventually, a Chase attorney said eviction was approaching. The male had his heart attack about that time.
Getting sued by a widow
His wife, Wando Jo Engel, is suing Chase, according to the Huffington Post, in a wrongful death suit. The Engel family was among numerous people who had been given comparable instructions. They were told to miss at least one payment to qualify for a troubled mortgage refinance, only to fall into foreclosure after the bank decided to not follow through. Chase had not submitted foreclosure proceedings yet, but was in the early stages.
Earlier this year, five of the biggest mortgage lenders in the country settled with the government for $25 billion due to "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.
There are other families in the Engel family' positions. In fact, Pamela Flores of Georgia got kicked out of her home earlier this year after a similar situation occurred in which the bank promised a modification that did not work out and she ended up in foreclosure.
Just a couple deaths
Aside from the financial toll that foreclosures enforce, numerous individuals have crumbled from the mental anguish, leading to numerous "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 difficulties 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.
Family blames financial institution for heart attack
According to KHOU, 79 year old Harry Engel from Texas had a heart attack 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 caused the heart attack.
The Engel family wanted to refinance through the Making Home 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 the program but stopped their enrollment in it. Chase sent them foreclosure cautions after late charges and updates came, and eventually, a Chase attorney said eviction was approaching. The male had his heart attack about that time.
Getting sued by a widow
His wife, Wando Jo Engel, is suing Chase, according to the Huffington Post, in a wrongful death suit. The Engel family was among numerous people who had been given comparable instructions. They were told to miss at least one payment to qualify for a troubled mortgage refinance, only to fall into foreclosure after the bank decided to not follow through. Chase had not submitted foreclosure proceedings yet, but was in the early stages.
Earlier this year, five of the biggest mortgage lenders in the country settled with the government for $25 billion due to "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.
There are other families in the Engel family' positions. In fact, Pamela Flores of Georgia got kicked out of her home earlier this year after a similar situation occurred in which the bank promised a modification that did not work out and she ended up in foreclosure.
Just a couple deaths
Aside from the financial toll that foreclosures enforce, numerous individuals have crumbled from the mental anguish, leading to numerous "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 difficulties 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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