Archive for July, 2010

Senator Brown calls for investigation of “Bank Walkaways” from foreclosed homes

July 31, 2010

WASHINGTON, D.C. – A growing number of lenders are refusing to take possession of homes after they have been foreclosed, leading to vandalism and neighborhood decline in Cleveland and cities across Ohio. In response to this alarming trend, U.S. Sen. Sherrod Brown (D-OH) called for a federal investigation of so-called “bank walkaways.” “I am concerned [...]

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Legislature Approves Bill ProtectingAgainst Foreclosures and Mortgage Fraud

July 31, 2010

BOSTON -With home foreclosures continuing to rise in the Commonwealth in spite of the improving economy, the Senate and House today sent final consumer protection legislation to the Governor that protects both homeowners and tenants from mortgage fraud and arbitrary evictions. “The foreclosure crisis has had a serious impact on many communities in my district, [...]

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Obamas Home Loan Modification Plan

July 30, 2010

Well Obama that did not work. Related Reading: reddit_url = http://chasehomefinancesucks.com/2010/07/30/obamas-home-loan-modification-plan/;reddit_title = Obamas+Home+Loan+Modification+Plan;reddit_newwindow=’1′;yahooBuzzArticleHeadline=Obamas+Home+Loan+Modification+Plan;yahooBuzzArticleId=http://chasehomefinancesucks.com/2010/07/30/obamas-home-loan-modification-plan/;Share

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I did get a modification but am still fighting RESPA, TILA violations.

July 30, 2010

Too bad we do not have Representation in Washington. We should all join together and start our own Lobbyist group for mortgage holders. I still has a case sense March of 09 with the O.C.C what have they done. Status: Complaint Received. Review In Process. On case # 00880530 Also a complaint with HUD and [...]

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Chase to add 22 branches and 200 employees in California God help us

July 30, 2010

Jul 29, 2010 (Datamonitor via COMTEX) – Chase, the US consumer and commercial banking business of JPMorgan Chase & Company, has announced that it will open new full-service bank branches in 22 Albertsons stores in southern and central California by 2010, and also add about 200 employees for the new branches. Chase is planning to [...]

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Foreclosures Up in 75% of Top U.S. Metro Areas

July 29, 2010

Foreclosures rose in 3 of every four large U.S. metro areas in this year’s first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday. Unemployment was the main culprit driving foreclosure actions on more than 1.6 million properties, the company said. “We’re not going to see [...]

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6 Reasons the Housing Market Hasn’t Recovered

July 29, 2010

The real estate market has yet to rebound from its historic crash—here’s why. Four years after the housing bubble popped, the American real estate market has yet to launch a sustainable recovery. Although U.S. home prices have improved modestly since the spring of 2009-and certain regional markets have performed even better-sales and values will face [...]

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NO BINGE BUYING Freddie Mac report says homeowners more concerned with repairing finances

July 29, 2010

By BOB WILLIS BLOOMBERG NEWS Published: Thursday, July 29, 2010 at 4:03 a.m. Last Modified: Thursday, July 29, 2010 at 4:03 a.m. WASHINGTON — Americans in the second quarter tapped the smallest amount of home equity in a decade, showing households are focused on repairing tattered finances. Owners took out $8.3 billion while refinancing prime [...]

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CHASE HOME FINANCE ATTORNEYS UNDER INVESTIGATION

July 29, 2010

Chase Home Finance Attorneys Under Investigation Chase Home Finance, LLC v. Judith Koren, filed in Circuit Court in Palm Beach County. On September 9, 2008, the banks lawyer, Ashley Politano, submitted a notice of filing the original note with the court, with a promissory note attached. On Jun 20, 2009, in the same case, another [...]

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Chase execs confronted by angry housing activists

July 29, 2010

OAKLAND, CA (KGO) — A tense confrontation erupted outside JP Morgan Chase Bank in Oakland when housing activists demanded to deliver a message to Chase executives. Emotions were still high from Friday when Chase unexpectantly cancelled a scheduled meeting to discuss ways to stem the foreclosure crisis. “We’re here and we’re not moving until change [...]

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