JPMorgan Chase is being sued for a foreclosure, but not in the way many would expect. A wrongful death suit has been submitted against the bank after a man had a heart attack after foreclosure. The lawsuit suggests Chase brought on the death of Harry Engel by heart attack in 2010.
Family blames financial institution for heart attack
Harry Engel, a 79-year-old retired minister in Grand Prairie, Texas, experienced a fatal heart attack in July 2010, according to KHOU, a Houston CBS affiliate. His loved ones believe his heart attack was caused by foreclosure proceedings begun by the JPMorgan Chase after the family had lived in their house for 22 years.
The Engel family lived on a fixed income and had heard of a refinancing program that would lower their rate. They spoke with a banker at their local Chase branch, who told them in order to qualify for the refinancing program through the Department of the Treasury, ostensibly the Making House Affordable Program, they had to first miss a payment, which they did.
The bank started to send late fees 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 about it
Wando Jo Engel is his wife who is suing Chase for wrongful death, according to the Huffington Post. Chase was in the early phases of filing for foreclosure though it had not actually filed the paperwork yet. The Engel family was not the only family that was told to miss a payment to be able to get in the refinancing program just for the bank to change its mind and not follow through.
The Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the large suit the government did against the five largest mortgage lenders in the country 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 home 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
In 2008, the first instances of "foreclosures suicides" were noticed, according to USA Today. Homeowners who were having issues with their loans started calling suicide hotlines regularly, and they led to suicides. The mental stress is too much for many people to take. This year, there was a murder-suicide in Ohio and March because of the foreclosure and there have been two suicides recorded this year.
Family blames financial institution for heart attack
Harry Engel, a 79-year-old retired minister in Grand Prairie, Texas, experienced a fatal heart attack in July 2010, according to KHOU, a Houston CBS affiliate. His loved ones believe his heart attack was caused by foreclosure proceedings begun by the JPMorgan Chase after the family had lived in their house for 22 years.
The Engel family lived on a fixed income and had heard of a refinancing program that would lower their rate. They spoke with a banker at their local Chase branch, who told them in order to qualify for the refinancing program through the Department of the Treasury, ostensibly the Making House Affordable Program, they had to first miss a payment, which they did.
The bank started to send late fees 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 about it
Wando Jo Engel is his wife who is suing Chase for wrongful death, according to the Huffington Post. Chase was in the early phases of filing for foreclosure though it had not actually filed the paperwork yet. The Engel family was not the only family that was told to miss a payment to be able to get in the refinancing program just for the bank to change its mind and not follow through.
The Senate Banking committee hearings in 2010 talked about this, called "servicer-led foreclosure," according to the Washington post. It was part of the large suit the government did against the five largest mortgage lenders in the country 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 home 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
In 2008, the first instances of "foreclosures suicides" were noticed, according to USA Today. Homeowners who were having issues with their loans started calling suicide hotlines regularly, and they led to suicides. The mental stress is too much for many people to take. This year, there was a murder-suicide in Ohio and March because of the foreclosure and there have been two suicides recorded this year.
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