JPMorgan Chase Accidentally Breaks Into Your House And Steals Everything You Own
Bobo and Joy Dickson bought a house had been headed for foreclosure,
but JPMorgan Chase apparently didn’t get the message that the former
owners had moved out and the new owners were in residence. So,
naturally, they hired a firm to drill the Dickson’s locks and take
everything they owned, including their food. Now JPMorgan Chase is
“taking it seriously.”
“We take this very seriously, and we are working with EMC [a mortgage
company JPMorgan Chase owns] and the family’s attorney to make this
right,” said Tom Kelly, a JPMorgan spokesman.
After the Dickson’s bought the house back in May, the foreclosure
proceedings were supposed to have been stopped. They weren’t. That’s
when the former owner’s mortgage company (owned by JPMorgan Chase) hired
“Field Asset Services Inc.” to drill the locks and “empty the house,”
according to the Austin American-Statesmen. Field Asset Services claims
that the Dickson’s possessions were given to area thrift stores, but
they have been unable to locate them.
Ordinarily, when personal possessions are left in a foreclosed home
a court order is needed to remove the items and the owners are given
the opportunity to reclaim them within 24 hours. JPMorgan Chase says its
not sure if there was a court order in this case.
Elizabeth Bradburn, the Dicksons’ real estate agent, is organizing an
effort to collect donations for the family. She said gift cards to
furniture and household goods stores are preferred and may be sent to
the Dicksons’ business address: 9800 N. Lamar Blvd.,
No. 315, Austin TX 78753.
“It’s been awesome to see people mobilize and want to help out,”
Hance [Dicksons' attorney] said. “The Dicksons are, of course, very
grateful and touched by the outpouring of support from the community.”
Report: WaMu parent wants U.S. documents in failure probe
December 15, 2009 | 8:38 pm
The bankrupt parent of Washington Mutual Bank asked the judge in its
reorganization case to allow for an expansion of a probe into the
circumstances immediately leading up to the September 2008 failure.
From the Puget Sound Business Journal:
A filing in the Washington Mutual bankruptcy case says that new
evidence supports allegations that JPMorgan Chase used access to inside
information about WaMu to drive down the bank?s credit rating and share
price, scare away other suitors and arrange to buy the ailing Seattle
bank from regulators at a bargain price.
The 20-page motion cites hundreds of internal documents received from
JPMorgan through discovery in the bankruptcy case, including emails
between JPMorgan executives and other banks interested in bidding on
WaMu as well as slide show presentations discussing the viability of a
WaMu purchase.
The latest motion now seeks to expand the subpoena to include
regulators such as the Federal Deposit Insurance Corp., the Office of
Thrift Supervision, the U.S. Treasury Department, the Federal Reserve,
other banks that considered buying Washington Mutual, Goldman Sachs in
its capacity as an adviser to WaMu, credit-rating agencies and other
banks involved in lending to WaMu.
Conspiracy theories have been rampant since the S&L’s failure,
and WaMu’s parent has been battling JPMorgan and the FDIC in multiple
court venues over billions of dollars in assets.
As Jordan Weissmann wrote on law.com in October:
Washington Mutual is arguing in its suit brought in D.C. federal
trial court that the government sold the bank for less than it would
have been worth in liquidation, which it further argues violates the
FDIC’s obligations under the Federal Deposit Insurance Act.
It also contends that many assets should never have been transferred to JPMorgan at all.
– Tom Petruno
A class action lawsuit has been filed against Chase Home Finance LLC
and JPMorgan Chase, N.A. in the U.S. District Court, Southern District
of California, alleging that defendants reneged on a promise to modify
troubled mortgages. The class action is brought on behalf of the
following class of persons:
All mortgagors in the the State of California whose home mortgage
loans are or were serviced by Chase Home Finance LLC or JPMorgan Chase
Bank, N.A. and who (a) have attempted to obtain permanent loan
modifications from Chase Home Finance LLC or JP Morgan Chase Bank, N.A.
through the Home Affordable Modification Program
(?HAMP?) or similiar loan modification programs; and (b) have made
payments pursuant to a HAMP Trial Period Plan (?TPP?) or any similiar
temporary modification agreement offered by Defendants.
For more information on the Chase Home Finance & JPMorgan Chase
mortgage loan modification class action lawsuit, read the Chase Home
Finance & JPMorgan Chase class action lawsuit complaint.
For information about this class action, contact paralegal Nick
Wallace or attorneys Gretchen Obrist or Lynn Sarko at 800.776.6044 or
via email at info@kellerrohrback.com.
No one can deny the impact of the national debt that citizens all across the United States are feeling. Mortgage loan modification is a relatively new concept, but it's popularity as a method to avoid foreclosure is staggering.
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