Military “Deadbeats” | JP Morgan Chase Overcharged Troops on Mortgages and Illegally Foreclosed on Military Families

No. 2 bank overcharged troops on mortgages

One of the nation’s biggest banks — JP Morgan Chase — admits it has overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan. The bank also tells NBC News that it improperly foreclosed on more than a dozen military families.

The admissions are an outgrowth of a lawsuit filed by Marine Capt. Jonathan Rowles. Rowles is the backseat pilot of an F/A 18 Delta fighter jet and has served the nation as a Marine for five years. He and his wife, Julia, say they’ve been battling Chase almost that long.

The dispute apparently caused the bank to review its handling of all mortgages involving active-duty military personnel. Under a law known as the Servicemembers Civil Relief Act (SCRA), active-duty troops generally get their mortgage interest rates lowered to 6 percent and are protected from foreclosure. Chase now appears to have repeatedly violated that law, which is designed to protect troops and their families from financial stress while they’re in harm’s way.

A Chase official told NBC News that some 4,000 troops may have been overcharged. What’s more, the bank discovered it improperly foreclosed on the homes of 14 military families.

Be sure to check out the rest here with video…

Case file from lawsuit to follow…

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4closureFraud.org

Comments
7 Responses to “Military “Deadbeats” | JP Morgan Chase Overcharged Troops on Mortgages and Illegally Foreclosed on Military Families”
  1. I’m not sure about the world currency and all of that i think is a little extreme but i say this I agree 100% about people to be well inform about what is really going on I will add that on top all the books and recommendations in the comment bellow I will also recommend people to see “Inside Job” Read 13 Bankers, watch Dyla Ratigan show, go to websites: like this one, and propublica, parallel foreclusre, foreclosure hamlet, Huffingtonpost, facebook.com/pages/AC-Modification-Specialists-Inc/120913081217, and others, to keep yourself inform

  2. l vent says:

    A Nationwide Class Action Lawsuit needs to be brought by THE PEOPLE of this ENTIRE COUNTRY regarding the biggest Ponzi Scheme in U.S. History perpertrated by the BIG BANKS, WALL STREET CROOKS such as GOLDMAN SAKS AND AIG which has resulted in THE THEFT OF OUR WEALTH, RETIREMENT FUNDS, MANY OTHER ASSETS SUCH AS OUR HOMES AND LIVELIHOODS which has resulted in BLIGHTED AND IMPOVERISHED COMMUNITIES AND FRAUDCLOSUREGATE. We The People of the United States vs. the BIG BANKS and WALL STREET. There are many resources we can go to and use to prove WITHOUT A SHADOW OF A DOUBT that WE THE PEOPLE have a VALID CASE. This Ponzi Scheme has caused PERMANENT HARM to MILLIONS of AMERICAN CITIZENS. THEY STOLE our wealth and left us all holding the bag of debt that the INTENTIONAL FINANCIAL COLLAPSE CA– USED. WALL STREET and the BANKSTERS caused this CATASTROPHE NOT THE AMERICAN PEOPLE. THEY ARE HIDING OUR WEALTH IN OVERSEAS BANK ACCOUNTS AND OTHER SHADY INVESTMENTS THEY ARE MAKING ACROSS THE POND. Keep watching RT news and Max Keiser Report for more truth that OUR MAINSTREAM MEDIA IS HIDING. Watch the movie Capitalism a Love Story by Michael Moore, Watch the episode of Conspiracy Theories on the internet with Jesse Ventura entitled Wall Street, read the book The Great Stick-up of America by Robert Shear, the book Enroute to Global Occupation by Gary Kah for PROOFof the VAST CONSPIRACY. We all need to band together as a nation and stop the HUGE GOVERNMENT INTRUSION AND IMPOSISTION OF DEBT SLAVERY ON ALL OF US by the means of CLASS WARFARE. NO ONE IS SAFE. RT news reported today that they are trying to switch our currency from the DOLLAR TO THE YUAN. We cannot let this happen. If this happens we will all be at the mercy of the Communist Chinese and there will be no more United States of America. They are trying to create a one world government and currency and are trying to steal our national sovereignty and identity as an Independant Nation from all of us.They are causing our Local,County and State Governments to TAX US TO DEATH in order to PREVENT BANKRUPCY. We need a Nationwide Tax Revolt by the people the likes that have never been seen in this Country. We The People DO NOT WANT AND WILL NOT ACCEPT A ONE WORLD GOVERNMENT WITH RULERS AND DICTATORS OR A ONE WORLD CURRENCY.

    • Bob says:

      In that lawsuit you need to include the Federal Reserve. It was formed by the rich bankers in 1913 with the help of some crooked Senators. It was formed to rip off the taxpayers by protecting banks at all costs. Did you know that Congress gave them the right to have money printed? That violated the Constitution. Did you know the Federal Reserve is a private entity and only the banks have stock in it? Did you know the Feds tells the Treasury to print and loan money to the banks at “0” interest? Did you know the banks then turn around and buy US bonds or securities and collect the interest.? Did you know the dollar used to be backed up by gold or silver, that money could not be printed without that backing? Did you know the Federal Reserve changed that and the currency by changing the silver certificate to a federal reserve note?
      Did you know that JF Kennedy in June of 1963 issued executive order 11110 to change it back to silver certificate, however in Nov. of 1963 he was killed? Did you know the main cause of the deficit is the Federal Reserve. Kennedy recognized that. If the Federal Reserve was abolished we would not be in debt. did you know that banks can lend up to 10X what they have in assets? So when you hear about all these bailouts how can that be? Think about it. Its time to start the letter writing campaign to Congress. By the way, Kennedy’s executive order is still valid yet no President has followed up on it. Do you think there is something wrong with this country?

  3. Stupendous Man - Defender of Liberty - Foe of Tyranny says:

    Approximately 4000 households over charged. A settlement of $2,000,000.00. comes to about $500.00/household. Somehow I don’t think that covers it. Likely not monetarily, and certainly not in terms of the time, energy and stress.

    • Marla says:

      Chase made record profits last year from a report that I recently read. Guess they don’t want to share in the profits even though they admitted they did wrong. $500 is nothing to compensate these people. In fact, I believe that Chase is spitting in the face of our service men and women. Did anyone expect anything else from them?

  4. The real problem here is that this is only the tip of the iceberg, what about all the nonmilitary families that had been overcharged and wrongly foreclosure? what about all the thousands and thousands of cases that we don’t hear about? This must be a lot bigger than what Chase is admitting to, For Chase to admit wrong doing (which they never do) This must be much much bigger than what they are admitting

  5. Marla says:

    This should be a crime and heads should role. It’s bad enough that they mess with the rest of us, but to take advantage of military families with service members who are deployed is criminal!

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