A case has been lodged against Chase bank for allegedly giving a Texas male cardiac arrest after property foreclosure notices were sent to him. Harry Engel's deadly heart attack (which Chase denies responsibility for) makes him another casualty of foreclosure.
Severe heart attack takes place
Seventy-nine year old Harry Engel's family told the news that they had lived in the same house for 22 years. Then, Chase bank forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he suffered cardiac arrest, 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 to be able to qualify for the program, and they did so.
The bank then allegedly started the program, but ended their enrollment. Late fees and updates started arriving, followed by a notice that foreclosure was pending. He had his heart attack after foreclosure cautions arrived, along with a Chase lawyer advising that eviction was pending.
Getting sued by a 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 follow through. Chase had not submitted foreclosure proceedings yet, but was in the early phases.
The U.S. Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the massive lawsuit the government did against the five biggest mortgage lenders in the nation for "robosigning" and other practices that were not allowed. The mortgage lenders settled for $25 billion earlier this year, according to the Los Angeles Times.
There are other families in the Engel family' positions. In fact, Pamela Flores of Georgia got kicked out of her house 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.
Some foreclosure suicides
Aside from the financial toll that foreclosures enforce, a number of 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 troubles 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.
Severe heart attack takes place
Seventy-nine year old Harry Engel's family told the news that they had lived in the same house for 22 years. Then, Chase bank forced them out in foreclosure proceedings. Shortly thereafter, in July 2010, he suffered cardiac arrest, 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 to be able to qualify for the program, and they did so.
The bank then allegedly started the program, but ended their enrollment. Late fees and updates started arriving, followed by a notice that foreclosure was pending. He had his heart attack after foreclosure cautions arrived, along with a Chase lawyer advising that eviction was pending.
Getting sued by a 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 follow through. Chase had not submitted foreclosure proceedings yet, but was in the early phases.
The U.S. Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the massive lawsuit the government did against the five biggest mortgage lenders in the nation for "robosigning" and other practices that were not allowed. The mortgage lenders settled for $25 billion earlier this year, according to the Los Angeles Times.
There are other families in the Engel family' positions. In fact, Pamela Flores of Georgia got kicked out of her house 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.
Some foreclosure suicides
Aside from the financial toll that foreclosures enforce, a number of 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 troubles 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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