A case has been lodged against Chase bank for apparently giving a Texas male cardiac arrest after property foreclosure notices were delivered to him. Harry Engel's deadly heart attack (which Chase denies responsibility for) makes him another casualty of foreclosure.
Foreclosure leads to 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, JPMorgan Chase forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he suffered a heart attack, according to KHOU. His family blames the bank for his condition.
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 then apparently started the program, but ended their enrollment. Late charges 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.
A suit from the 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 keep going. Chase hadn't submitted foreclosure proceedings yet, but was in the early stages.
The Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the large suit the government did against the five largest mortgage lenders in the country for "robosigning" and other practices which were not allowed. The mortgage lenders settled for $25 billion earlier this year, according to the LA Times.
There are other families in the Engel family' positions. In fact, Pamela Flores of GA 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.
Difficult to deal with foreclosure
Apart from the financial toll that foreclosures impose, 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 problems 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.
Foreclosure leads to 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, JPMorgan Chase forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he suffered a heart attack, according to KHOU. His family blames the bank for his condition.
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 then apparently started the program, but ended their enrollment. Late charges 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.
A suit from the 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 keep going. Chase hadn't submitted foreclosure proceedings yet, but was in the early stages.
The Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the large suit the government did against the five largest mortgage lenders in the country for "robosigning" and other practices which were not allowed. The mortgage lenders settled for $25 billion earlier this year, according to the LA Times.
There are other families in the Engel family' positions. In fact, Pamela Flores of GA 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.
Difficult to deal with foreclosure
Apart from the financial toll that foreclosures impose, 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 problems 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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