Posted on 07/25/2011 5:44:56 PM PDT by Chunga85
DO NOT CIRCUMVENT OUR OFFICE - ALL CORRESPONDENCE REGARDING THIS MORTGAGE SHOULD BE DIRECTED TO US.
Dear Chase,
We have sent HUNDREDS of pages of documentation to you since November 2010.
The borrower came to us because they did the same and were ignored. We are going to try one more time to obtain a modification for our clients before we turn to the court system for relief.
Your company has run rough-shot over our state's title statutes, and violated them as if they did not exist [and not only with regard to this particular property]. Unless you offer our clients an acceptable loan modification with a principal write-down to a new balance of $100,000,000.00 within 45 days, our intent is to amend our existing complaint to include acting in bad faith and outright fraud. The way you have treated our clients is disgusting and you should be held accountable.
(Excerpt) Read more at foreclosurehamlet.org ...
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Notice lawyer’s Babcock letterhead... A Christian Lawyer
yah right
Roughshod, not rough-shot.
Lawyers cannot be Christians?
Chase has done the same to me.
” Lawyers cannot be Christians?”
Mine is, and also the chairman of the church at Pepperdine University. He does all the legal free of charge. However, most lawyers bite ;-)
It would not come as a surprise if the extent of his ability to think critically goes beyond [R] and [D]...
Strange. I am in the process of having my mortgage modified right now by Chase. Everything has gone smoothly. In fact, the wife and I didn’t qualify (too responsible with our money in the past) but something recently changed in the law and Chase called _me_ to tell me about it.
Do you suppose it’s out of the goodness of their heart or are they trying to “correct” any “flaws” that may exist?
Please let us know if they actually succeed in doing it this time.
Lawyers cannot be Christians?
The jury is still out on that one.
Everyone else: I say that in jest - spare me the jihad.
Why the principal write down? Was there provable fraud and collusion between appraiser and lender?
I'm not privy to the details of the issues at bar in this case but this particular attorney has a habit of holding his own quite well with the TBTF crowd and their parlor tricks.
He seems eager to argue this before a judge if he must.
“Was there provable fraud and collusion between appraiser and lender?”
I think so, considering the lender tells the appraiser the finance price. A real appraisal is done without knowledge of the amount being paid for the property.
Lawyers ALWAYS threaten. We’ll wait and see what happens in the next 45(!?) days. Still, I’d be interested in why the write-down.
My knowledge of this case is limited to this article. Even tracing back through Capt. Jack’s Blog yields no indication of such fraud or collusion. If you know more about this, do tell.....or please post a link.
You mean you have never had an appraisal and have known that the appriaser knew the amount being asked for the property? Are you really that naive or just looking to BS people?
Does Chase have the right to modified? Can Chase show the existing note and its attached paperwork? Was this mortgage sold to a wall street in a ‘pool’?
Only bought one house in my life, nine years ago. I paid cash and DID NOT NEED OR WANT an appraiser.
I was seeking more information on THIS case. You posted as if you KNEW more, but I see now that it is more about your assumptions.
Your snide comments were uncalled for.
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