Another complaint about Chase Bank's "slowness" in resolving home foreclosures, short sales and the like. The article I am linking to does not mention if this is actually benefiting homeowners by buying them time???
Although if there is some "benefit" being derived by a homeowner because of Chase Bank's backlog? I would surmise it is probably accidental. I have read elsewhere that the bank stalling tactics can actually increase several other fees and interest charges that accrue monthly and can then remain attached to the home. Presumably these accruing fees and interest rate charges jump to the front of the line when the home is eventually sold and are probably paid off before other bills.
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