The heirs of Harry Engel are suing J.P. Morgan Chase after Engel suffered cardiac arrest after foreclosure was initiated. It is suggested in the lawsuit that Chase was accountable.
Significant heart attack occurs
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 experienced a heart attack, according to KHOU. His family blames the bank for his condition.
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 in order to qualify for the program, and they did so.
The bank started to send late charges 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.
Widow upset over it
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 chose to not keep going. Chase had not submitted foreclosure proceedings yet, but was in the early phases.
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 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.
Some foreclosure suicides
In 2008, the first instances of "foreclosures suicides" were noticed, according to USA Today. Homeowners who were having difficulties with their loans started calling suicide hotlines regularly, and they led to suicides. The mental stress is too much for some people to take. This year, there was a murder-suicide in Ohio and March due to the foreclosure and there have been two suicides recorded this year.
Significant heart attack occurs
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 experienced a heart attack, according to KHOU. His family blames the bank for his condition.
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 in order to qualify for the program, and they did so.
The bank started to send late charges 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.
Widow upset over it
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 chose to not keep going. Chase had not submitted foreclosure proceedings yet, but was in the early phases.
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 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.
Some foreclosure suicides
In 2008, the first instances of "foreclosures suicides" were noticed, according to USA Today. Homeowners who were having difficulties with their loans started calling suicide hotlines regularly, and they led to suicides. The mental stress is too much for some people to take. This year, there was a murder-suicide in Ohio and March due to the foreclosure and there have been two suicides recorded this year.
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