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|Chase Sued As Man Has Heart Attack After Foreclosure Chase Sued As Man Has Heart Attack After Foreclosure May 11 Scottie Pippen Bulls Jersey , 2014 | Author: Cornelius Nunev | Posted in Business A case has been lodged against JPMorgan Chase for apparently giving a Texas man a heart attack after foreclosure notices were sent to him. Harry Engel’s deadly heart attack (which Chase denies responsibility for) makes him another victim of foreclosure.
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 suffered cardiac arrest, 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 Robin Lopez Bulls Jersey , they had to first miss a payment, which they did.
The bank started the program but stopped their enrollment in it. Chase sent them foreclosure cautions after late charges and notices came, and eventually, a Chase lawyer said eviction was approaching. The male had his heart attack about that time.
Hearing from the widow
The Engel family was not alone. In fact, there were several families given instructions to miss a payment to qualify for the program just to end up getting foreclosed on. Chase had not filed the foreclosure but was in the early phases when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death lawsuit against Chase Pau Gasol Bulls Jersey , according to the Huffington Post.
Earlier this year, five of the largest mortgage lenders in the country 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 Georgia the same, only for the modification to fall apart and for Flores to be foreclosed on.
Casualties of foreclosures
Aside from the financial toll that foreclosures enforce Michael Jordan Bulls Jersey , numerous people 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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