Tuesday, April 23, 2013

Foreclosure

I recently found an interesting judicial foreclosure story that happened in 2009. Unfortunately, this story didn't have a happy ending. Harry Engel was wrongfully evicted from his foreclosed home, and even suffered a heart attack from the stress which he would later die from. He was encouraged by JPMorgan to purposefully miss a payment in hopes of qualifying his family for government assistance. The bank then used his late payment as an excuse to carry out the foreclosure on his property.

No comments:

Post a Comment