Comments on: Fraudclosure | California Home Mistakenly Put on Chase Auction List

By: Mike Woods from Indianapolis

Mike Woods from Indianapolis — Tue, 17 Apr 2012 18:11:43 +0000

In reply to talktotennessee. Your theory is actually very believable. The arrogance of banks is what led to the housing crisis to begin with!

By: talktotennessee

talktotennessee — Sun, 15 Apr 2012 01:15:56 +0000

In reply to readdocs. Absolutely correct! The lies continue.

By: talktotennessee

talktotennessee — Sun, 15 Apr 2012 01:13:03 +0000

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.

By: gregory

gregory — Sat, 14 Apr 2012 19:49:31 +0000

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 …..

By: see

see — Sat, 14 Apr 2012 17:28:04 +0000

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

By: readdocs

readdocs — Sat, 14 Apr 2012 16:02:15 +0000

And the lies continue.