Foreclosure
This is an example of non-judicial foreclosure. JPMorgan Chase foreclosed on the home a few years ago, but the controversy stems from the allegation that Chase gave the family of Harry Engel, a retired minister, misleading advice that led to foreclosure and eviction. The situation is intensified because Engel's wife claims the foreclosure and eviction caused so much stress on her 79 year old husband that it triggered his death. The family is suing Chase for wrongful death and wrongful foreclosure and eviction in addition to other claims.
JP Morgan Chase claims they never foreclosed on the home. The Engels claim they were current on mortgage payments but that in early 2009, the bank advised them to miss a payment so the family could qualify for government refinancing. The bank then rejected the refinancing request, sending a representative to the Engel home to enforce the eviction notice.
Although we cannot be sure of exact details within the situation, it is likely that foreclosure happened because of misleading advising by JPMorgan Chase. It is unfortunate that such an event would occur, and this is not the only instance in which banks have been accused of this kind of act.
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