Fraudclosure | California Home Mistakenly Put on Chase Auction List

Home mistakenly put on auction list

Redwood City resident Gloria Takla’s Easter Sunday turned sour when she got a call saying her home would be sold in an auction Monday.

So, she spent all morning Monday, before the 1 p.m. auction time, on the phone with bank officials trying to figure out why the home would be sold considering JP Morgan Chase Bank just approved a trial modification on her $585,000 loan last month.

Takla tried to get the bank to modify her loan for nearly two years before aligning herself with the Occupy Redwood City movement late last year.

So frustrated with the process to modify her loan, she and a group of her supporters stormed a Chase Bank branch in downtown Redwood City back in December demanding a loan modification.

Many of the same supporters descended on the County Government Center yesterday in Redwood City in support of Takla, 72, demanding the home not be sold in auction.

About 30 protesters took to the street chanting slogans and holding signs in support of the 99 percent as Takla was busy on the phone trying to figure out why her home was on the auction list.

Her home was due to be sold by the bank in December but Chase agreed to give her at least two more months to work out a deal.

The home was then set to be sold in auction on March 6 until Chase offered her a trial loan modification. She was told if she makes her mortgage payments in May, June and July that she would likely receive a permanent modification.

“We’ve been in constant contact with her,” said Eileen Leveckis, spokeswoman for JPMorgan Chase. “We worked out a good deal for her.”

The confusion about the sale of her home was because the trial loan modification was approved after the list of foreclosed properties that will be put up for auction was made, Leveckis said.

The disconnect “had nothing to do with Chase,” Leveckis said.

Rest here…


6 Responses to “Fraudclosure | California Home Mistakenly Put on Chase Auction List”
  1. talktotennessee says:

    The disconnect with Chase is not so much that one hand does not wash the other clean as it is intentional. Chase proceeds to auction anyway because it is easier to claim something and harder to reverse the action once the property is confiscated than it is to sit and wait for a resolution they plan to deny anyway. Chase infers it will modify but fails to follow through. In the end they decline while continuing the foreclosure process.. If you ask their representatives directly if they are modifying you can seldom get a definitive answer.. It is always either in the works or up to you to send them something else that they are “missing,” while the foreclosure process continues. In the meantime they “paper” you with a mountain of “offers” to work something out that are absolutely meaningless. If they can auction or “reclaim” the property they immediately convert to a REO, giving real estate people license to swoop down and take over. In one case, we succeeded in pulling off one REO vulture only to have Chase assign another one. They force their way into or on the property. If you do not have legal standing or an attorney to fight for you, you lose in this type battle. Possession is 9 points of the law and if they gain possession, they sell it out from under you. It is almost impossible to reclaim or reverse.

    New methods now are to short sell the property, offer people money to get out and gain control in that manner bypassing public auctions. They send letters saying they can “foreclose any time without additional notice, which circumvents some of the states’ typical notification procedures. In short, they steal the houses, often selling them for cash. It helps correct title issues I guess. Observed procedure in TN anyway.

  2. gregory says:

    Chase wants every part of cacifornia they can get their hands on if not by hook than crook. Kamala Harris needs to step up to the plate and swing a homerun for californians. Chase does not own homeloans made by Washington Mutual and the bank and the FDIC know it. Attorneeys are being paid lots of money to lie cheat and steal from Californians and are getting away with it for now…… There will be a time when they wont so if your an attorney you better start thinking about your future in California becuse it’s going to get really ugly for you soon……. Californians don’t FORGET …..

  3. see says:

    One sentence really bothers me and that is “The disconnect had nothing to do with Chase”. WTF comment is that? Passing the blame.

  4. readdocs says:

    And the lies continue.

Leave a Reply