Chase is proceeding full steam ahead with foreclosing on a 90-year-old woman’s condo even though her son has offered to pay it off. Rather than get the full amount of the mortgage paid in full, they prefer to incur the expenses of a foreclosure and sell it at a loss.
After 10 months of trying to work it out, the only response Chase has given him is that their attorneys are asking the court to proceed with immediate foreclosure.
The son says he never received any notice about payments being overdue or the loan being in default, even though he cosigned the loan with his brother.
The family has even resorted to writing the White House and Obama. No response from them either, and they wake up each morning expecting to see a foreclosure notice on the door.
Bank foreclosing on man willing to pay for condo [WTNH] (Thanks to Ken!)