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sareece
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Chase bank Admits to Overcharging Troops on Mortgages

submitted on January 18, 2011 by sareece in "Member's Lounge"
One of the nation’s biggest banks — JP Morgan Chase — admits it has overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan. The bank also tells NBC News that it improperly foreclosed on more than a dozen military families.


Eeek

http://www.veteranstoday.com/2.....mortgages/
        

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  • 97139
    CouponNut
    deity
    23 14 8
    12 10 2
    Posted by CouponNut on January 18, 2011
    [reply] 1 0
    The truth is paying your mortgage and being able to afford it. Any homeowner knows exactly how they got into the foreclosure situation by NOT paying your mortgage. You do get 4 months notice, and an additional 45 days to redeem.
      97145
    • Avatar_w
      teacher
      Posted by sareece on January 18, 2011
      [reply] 1 0
      Hmmm did you actually read the story? Under the SSRA they are required, by law, to lower the APR to 6%. Months later after they had allegedly changed the APR, Chase bank came back and said "We have still been charging you the original APR and you owe us all this money" even though they didnt. It wasnt an issue of NOT being able to pay it, it was Chase messing up.
    • 97147
    • CouponNut
      deity
      23 14 8
      12 10 2
      Posted by CouponNut on January 18, 2011
      [reply] 1 0
      A family member works in the banking mortgage industry, unfortunately Chase made alot of mistakes.
    • 97155
    • Avatar_w
      teacher
      Posted by sareece on January 18, 2011
      [reply] 1 0
      You aren't kidding Evil
  • 97142
    mommy25
    professor
    1 4
    8 7 2
    Posted by mommy25 on January 18, 2011
    [reply] 2 0
    They really should be ashamed of themselves.

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