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Tell Jamie Dimon of JP Morgan Chase Bank to Rescind Gigi Bridges Improper Foreclosure

May 30, 2012 1 comment

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After losing her job, Gigi Bridges applied for a mortgage modification with Chase Bank. Gigi entered into a trial modification and paid her payments for 12 months. On the 13th month her check was returned to her. Chase sent her a permanent modification with a payment that was doubled. Gigi pointed out to Chase that they made a mistake on her financial documents by miscalculating her income and giving her an unaffordable payment. Chase’s answer was foreclosure.

On March 6, 2012 Gigi’s home was sold at auction and now Chase is trying to evict her even though she has proven time and again that her income was calculated wrong. Gigi’s home should never have been sold at auction. But CEO Jamie Dimon has been quoted as saying “Giving debt relief to people that really need it, that’s what foreclosure is.”

Please sign this petition and send a message to Chase Bank – the only fair thing to do is stop the eviction and rescind Gigi Bridges’ foreclosure!

Schneiderman Anticipates ‘Limited’ Task Force Action Soon | The Nation

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File a Mortgage Complaint – Consumer Financial Protection Bureau

April 6, 2012 2 comments

Here are some of the most common complaints about mortgage servicers we hear from homeowners:

Eligible homeowners denied for Hamp modifications because of sloppy handling of documents by the servicer.

Servicers pushing homeowners into less than affordable “in house” modifications when they clearly qualify for the more affordable government Hamp program.

Foreclosing while in review for a modification.

Misapplying trial modification payments or processing incorrectly so the homeowner is disqualified for a Hamp modification.

Misapplying mortgage payments so the homeowner is deemed in default.

Processing escrow accounts incorrectly.

Declaring homes vacant (when they are in fact occupied by the homeowner) which disqualifies them for HAMP.

Granting 3 month trial modification, but the bank insists that the homeowner continue to make the trial payments for months or years, leading them to believe they will receive permanent loan modification documents in the mail, but they never arrive.

Servicers abrubtly refuse payments or send payments back to the homeowner when they have been participating in an extended trial modification plan, then informing them they are denied for modification.

Requesting loan modification and financial documents repeatedly and telling the homeowner they were never received.

Improperly calculating the homeowner’s income to disqualify them for a loan modification.

Discriminating against minorities and single women.

The Consumer Financial Protection Bureau  is taking mortgage complaints.  If you are having issues with your mortgage servicer we encourage you to file a complaint at www.consumerfinance.gov.   It is our hope that the CFPB will see the patterns of abuse as more complaints are submitted by homeowners.

Matt Taibbi “The ‘Stress Test’ Is An Official Government Endorsement Of Widespread Banking Fraud”

March 18, 2012 Leave a comment

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Matt Taibbi on Bank of America

March 17, 2012 Leave a comment

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New York AG Eric Schneiderman talks mortgage investigations with Rachel Maddow

February 10, 2012 Leave a comment

Eric Schneiderman: “This is just the beginning.” Let’s hope so.

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Attorney General Schneiderman on Up with Chris Hayes

January 29, 2012 Leave a comment

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