Comments on: Chase apologizes for selling off couple’s home http://housingdoom.com/2009/11/12/chase-apologizes-for-selling-off-couples-home/ "He who defends everything defends nothing." - Frederick the Great Thu, 11 Mar 2010 07:03:24 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: JimAtLaw http://housingdoom.com/2009/11/12/chase-apologizes-for-selling-off-couples-home/comment-page-1/#comment-21229 JimAtLaw Wed, 18 Nov 2009 05:42:34 +0000 http://housingdoom.com/?p=5278#comment-21229 What's funny to me is the wording of the story. They quote the poor, forlorn homeowner saying "You pay your mortgage, and it's all stolen from you." Um, no jackass, you apparently sought a modification because you WEREN'T paying your mortgage in the amount you actually contracted for. And they don't call him on this. Did he have a written agreement to amend the agreement and change the payment amount? If so, then the sale was probably illegal, and if not, then you get what you pay for (which is apparently a lot less than the cost of the house he was living in if his mortgage was only "several hundred dollars"). What’s funny to me is the wording of the story. They quote the poor, forlorn homeowner saying “You pay your mortgage, and it’s all stolen from you.”

Um, no jackass, you apparently sought a modification because you WEREN’T paying your mortgage in the amount you actually contracted for. And they don’t call him on this. Did he have a written agreement to amend the agreement and change the payment amount? If so, then the sale was probably illegal, and if not, then you get what you pay for (which is apparently a lot less than the cost of the house he was living in if his mortgage was only “several hundred dollars”).

]]> By: GYSC http://housingdoom.com/2009/11/12/chase-apologizes-for-selling-off-couples-home/comment-page-1/#comment-21194 GYSC Thu, 12 Nov 2009 23:50:57 +0000 http://housingdoom.com/?p=5278#comment-21194 What strikes me is that in this era of supercomputers this kind of thing happens quite a bit. Here in my own town in Massachusetts they still have not chnaged the property tax bill name for my address a year after I bought it (from my wife's mom, so not big deal). When I called the clerks office they said this is normal. OK. I imagine a simultaneous modification/foreclosure process would certainly miss each other as well. What strikes me is that in this era of supercomputers this kind of thing happens quite a bit. Here in my own town in Massachusetts they still have not chnaged the property tax bill name for my address a year after I bought it (from my wife’s mom, so not big deal). When I called the clerks office they said this is normal. OK. I imagine a simultaneous modification/foreclosure process would certainly miss each other as well.

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