Tuesday, October 7, 2008

JPMorgan Chase and Citigroup is where we need to begin the INVESTIGATION!

January 2004
In September/October we went to the realtor and we had brokered a deal to have the house sold outright for the payoff of the note ($69K on a $79K house). This time Chase called the buyers and told them we were filling bankruptcy and the house would be tied up for years - you might wonder how we know this: When Chase called in October to let us know that our request had been denied for the third time they told my wife they had called the buyers and informed them we were filling bankruptcy (this is not a he said she said - we were by that time recording all our calls from Chase and have the tape to back it up). This caused the sale to fall through and this was the second sale Chase purposefully caused to fall through.
We continued to try working with them until January 2004 - at that time the renters moved out due to the harassment from Chase (they had gone out to inspect the property and force their way in telling the occupants that the police would be called if they were not allowed in at that time) they had called them for payments - this is hearsay because our realtor told us what happened; just a note we at no time saw or spoke to the renters all communication was through the realtor.
With the loss of the renters and with Chase's determination to prevent a sale of the house we filled for bankruptcy on January 12, 2004 - Chase continued to try to collect from us through June 2004 even though the bankruptcy was finalized on 4 April 2004. We would receive certified letters from Chase which we would turn copies over to our attorney for future use. Our lawyer would not file against Chase as he was too small and the house was in Texas not Oklahoma.
In the end we lost the house and had to file bankruptcy over just a few months worth of mortgage payments - even the VA was in disbelief of how Chase was operating but they did not have the authority to force co-operation. The VA approved our request for reworking the loan and Chase would not work with us at all. Yes I can believe any of the items I read about Chase...And this story does not include their credit card, I have on tape where they admit calling me ten minutes apart and disclosing my account information to my brother.

Update of October 24, 2005: Much was made last week of the moving-up of D-Day (Dimon Day) to the end of this year, from mid-2006. The Times quoted the D-Man: “Obviously, there is a difference in being the CEO or not being the CEO. You are either flying the plane or you're not." Well, we’ll see how he flies it: and if the flight plan continues to contain support for payday lenders, for example...

Update of October 17, 2005: We must of course note the U.S. District Court’s decisions in the cases by the OCC and the Clearing House banks -- including JPM Chase --against the NY Attorney General, to avoid providing the credit score information they say would justify the racial disparities in their lending. Why should the public believe a defense that they go to court to conceal? Whether or not an appeal is taken, and whether or not it’s successful, the public must demand that the OCC bring enforcement action(s) on JPM Chase’s disparities, and must separately pursue them, far and wide and ceaseless...

Update of October 10, 2005: What did the hype environmental announcement mean? Last week it emerged that JPMorgan Partners is collaborating with Cub Energy LLC to acquire gas processing and gathering assets from Hanover Compressor Co. for $50 million, and then expand capacity at the site.

Update of October 3, 2005: From a first-person report in the September 30 Slate: “My conversation with Chase Home Finance was even less reassuring. When I ventured, delicately, to suggest that Chase might forgive its debtors who were ruined by Katrina, or perhaps cooperate with FEMA to that effect, my interlocutor became strident, as though I'd borrowed the money from him personally. Sir, you owe that money. Chase has given you that money and now you have to pay it back!” Great...
http://www.innercitypress.org/jpmchase.html

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