I am starting to get emails and documentation from people who have lost their homes or businesses, or both, to Chase Bank. The procedures being followed by Chase Bank when disputes or glitches occur appear as if they might be shady.
It sort of looks like a pattern of avoid dealing with the consumer, then use the court system to take property back, is being taken by the banks.
You states better get your act together and stop believing the banks are handling their customers delinquent accounts or allegedly delinquent accounts correctly and start protecting your own citizens, otherwise YOU, the states, are sowing the seeds of your citizens growing unrest.
The banks appear to be using YOUR COURT RESOURCES TO STEAL FROM YOUR OWN CITIZENS, is that really acceptable to you?
3 comments:
might appear to be shady to say the least, they are luring people in with promises of loan modifications and leaving them in limbo for months on end without so much as a word on where they stand, won't answere questions when called and can't coordinate departments so u never get the same lie twice,
This is really a slam dunk situation. Just give everybody a 4% interest rate. let them choose the length of the life of the loan.
Lower life of the loans get a 100% interest rate income tax deduction, 30 year loans get 80% interest rate income tax deduction.
Be done with it.
If people then fail, then deal, with it, but at least reset everybody and reinvigorate them at the same time.
I have since learned that the reason Chase Bank is so hard to contact is they conduct what is known as "parallel foreclosures" on any person who initiates a home loan remodification request.
Instead of Chase Bank putting all of their resources into helping the homeowne keep their home, Chase Bank may be spending more money proceeding with foreclosure papers behind your back even as they stare you in the eye and proceed with trying to "help you" re-mod your home.
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