The heirs of Harry Engel are suing J.P. Morgan Chase after Engel suffered cardiac arrest after foreclosure was initiated. It is suggested in the lawsuit that Chase was responsible.
Family blames bank for heart attack
Harry Engel, a 79-year-old retired minister in Grand Prairie, Texas, experienced a lethal heart attack in July 2010, according to KHOU, a Houston CBS affiliate. His family members believe his heart attack was induced by foreclosure proceedings started by the Chase bank after the family had lived in their home for 22 years.
The Engel family lived on a fixed income and had heard about a refinancing program that would lower their rate. They spoke with a banker at their local Chase branch, who told them in order to qualify for the refinancing program through the Department of the Treasury, ostensibly the Making Home Affordable Program, they had to first miss a payment, which they did.
The bank then allegedly started the program, but canceled their enrollment. Late charges and notices started arriving, followed by a notice that foreclosure was pending. He had his heart attack after foreclosure cautions arrived, along with a Chase attorney advising that eviction was pending.
A lawsuit from the widow
The Engel family was not alone. In fact, there were several families given instructions to miss a payment to qualify for the program just to end up getting foreclosed on. Chase had not submitted the foreclosure but was in the early stages when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death suit against Chase, according to the Huffington Post.
Earlier this year, five of the biggest mortgage lenders in the country settled with the government for $25 billion because of "robosigning" and other inappropriate practices, according to the LA Times. Part of it was "servicer-led foreclosure," which was what this is called and was talked about in 2010 in a Senate Banking Committee, according to the Washington Post.
There are other families in the Engel family' positions. In fact, Pamela Flores of GA got kicked out of her home earlier this year after a similar situation occurred in which the bank promised a modification that did not work out and she wound up in foreclosure.
Causes emotional stress
Besides the financial toll that foreclosures impose, a number of individuals have crumbled from the mental anguish, leading to a number of "foreclosures suicides." Some of the first instances were noticed in 2008, according to USA Today. During that year, suicide hotlines started noting an increased number of calls from distressed homeowners who were having troubles with their loans. At least two have been recorded this year, according to the Huffington Post, one in May in California and a murder-suicide in Ohio in March.
Family blames bank for heart attack
Harry Engel, a 79-year-old retired minister in Grand Prairie, Texas, experienced a lethal heart attack in July 2010, according to KHOU, a Houston CBS affiliate. His family members believe his heart attack was induced by foreclosure proceedings started by the Chase bank after the family had lived in their home for 22 years.
The Engel family lived on a fixed income and had heard about a refinancing program that would lower their rate. They spoke with a banker at their local Chase branch, who told them in order to qualify for the refinancing program through the Department of the Treasury, ostensibly the Making Home Affordable Program, they had to first miss a payment, which they did.
The bank then allegedly started the program, but canceled their enrollment. Late charges and notices started arriving, followed by a notice that foreclosure was pending. He had his heart attack after foreclosure cautions arrived, along with a Chase attorney advising that eviction was pending.
A lawsuit from the widow
The Engel family was not alone. In fact, there were several families given instructions to miss a payment to qualify for the program just to end up getting foreclosed on. Chase had not submitted the foreclosure but was in the early stages when Engel had his heart attack. His wife, Wando Jo Engel, is filing a wrongful death suit against Chase, according to the Huffington Post.
Earlier this year, five of the biggest mortgage lenders in the country settled with the government for $25 billion because of "robosigning" and other inappropriate practices, according to the LA Times. Part of it was "servicer-led foreclosure," which was what this is called and was talked about in 2010 in a Senate Banking Committee, according to the Washington Post.
There are other families in the Engel family' positions. In fact, Pamela Flores of GA got kicked out of her home earlier this year after a similar situation occurred in which the bank promised a modification that did not work out and she wound up in foreclosure.
Causes emotional stress
Besides the financial toll that foreclosures impose, a number of individuals have crumbled from the mental anguish, leading to a number of "foreclosures suicides." Some of the first instances were noticed in 2008, according to USA Today. During that year, suicide hotlines started noting an increased number of calls from distressed homeowners who were having troubles with their loans. At least two have been recorded this year, according to the Huffington Post, one in May in California and a murder-suicide in Ohio in March.
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