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CHASE BANK..........CHASES HOMEOWNERS.... INTO THE STREETS

By Richie Alan Naggar

Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

June 29, 2010 05:40 AM

Before I begin I want you to know that Bank of America is the uncontested leader in dispossessing people, foreclosing, evicting and mistreating people BAR NONE in this industry. The honor of second position goes to CHASE bank.........

IS CHASE BANK RUNNING TO HELP YOU.....OR RUNNING AFTER YOU..?

Yes, the bank that you and I bailed out with our hard earned money so that they could survive, prosper, keep employees, continue to pay their taxes and resume banking business.... took your HELPING HAND and is using it to evict, foreclose and run around honest, decent homeowners who apply to them for help.

WANTED BY ALL BANKS AND THE GOVERNMENT. REWARD OFFERED. EVICT ON SIGHT...

These homeowners are not criminals, but the current customers of the bank who complied with all that was asked of them before the economy crashed, record unemployment kicked in, and Real Estate took a dive. Yes, Chase bank prospered very well charging above average fees, excessive interest rates and additional charges every chance they got all during this time.

YOU HAVE NO RIGHTS......YOU HAVE FAILED TO PAY YOUR MORTGAGE

My clients who make enough money applied to them for a loan modification. They originally purchased his home for 1.2 million dollars with a substantial down payment to boot. Currently, the home is now worth approximately $750,000 and dropping. My clients had an adjustable loan and wanted it stabilized.

IF YOU HELP ME..I WILL HELP YOU. IN THEORY..ONLY. IN PRACTICE IT DOES NOT...

What this would mean to the bank is that instead of collecting a $7000.00 a month payment, they would and could collect a $5500.00 a month payment. My client has never been late and contacted them before he was delinquent. What makes this s compelling is that there is a glut of property available all over the neighborhood.

They advised him that until he was late. he could not qualify. Imagine that.....BofA and all the rest of them require that you become late, delinquent, ruin your credit for years before they can entertain helping you.

WHAT THEY DO IS HELP THEMSELVES TO YOU......... INSTEAD

SORRY.....HOMEOWNER..........YOU NEED TO EXIT RIGHT NOW

You get nothing in writing when applying for a loan modification. They legally keep you in foreclosure as you are trying to work something out. They will not guarantee the outcome and you have to take their word for everything. Even if you get the modification, it is a trial one. All during this time, you are still in foreclosure as you are paying as instructed.

If the bank decides at anytime to pull the plug on you, there is nothing you can do. Until you get a new note with the accompanying paperwork, you have nothing.....Does this remind you of a dictatorship or tyrannical management? Any business doing this would be shut down within months. The public word of mouth would be their KISS OF DEATH. So, how do they pull off this exception to the business rules of behavior.....?

SORRY HOMEOWNER...........WE HAVE TO LET YOU GO.....................

The banks are immune from threats from the public. Are you shocked? Who would support this type of ANTI-business practices? The government ...... by giving them sanctuary.....This is given over you and you become a casualty while they go on........YOUR GOVERNMENT AND YOUR MONEY working against you.

My clients have not been able to stop a trustee sale from taking place any day now. Here is a very confusing fact: Chase has the help centers all over the place. They advertise and market how simple it is to just walk in and GET HELP. What they do not do is commit to anything. While they are processing a request, it takes days or weeks to get a reply. The reply is not in writing nor is it dependable.

WE DECIDED TO MOVE INSTEAD OF BEING FORCEFULLY EVICITED

My clients have decided to move. I wanted to so a short sale, but Chase makes it very hard to initiate and keeps the threat of foreclosure over you all the while they are talking with you. Now, we are standing by to enter their CASH for KEYS program and apply for relocation expenses. My clients now have BLACK MARKS on their credit report for years to come. YEARS TO COME..........

SENTENCED TO 7 TO 10 YEARS OF MENTAL AND EMOTIONAL STRESSHOUSE FORFEITIED

TO CHASE BANK: You may have this house back. The new owner will pay the market value of the property if and when it sells. Until then, you will have to maintain the 2.5 acres as the city will require full compliance. You will also have to insure against vandals or fire and join the rest of the glut of homes in this area. I do not know who is running your organization, but here is a thought...........why don't you build a business around helping people instead of destroying them?

IF YOU CAN DO ANY BUSINESS YOU WANT...CHOOSE TO HELP PEOPLE..... ITS JUST

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Jim Paulson

Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID

Owner,Broker

I can't believe how many people think they are "entitled" to a loan modification or a short sale just because the value of their asset (home) has declined! If I had a car payment, isn't my car worth less than the day I bought it and therefore shouldn't I walk away from that debt?

Jun 29, 2010 05:54 AM

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

Hi there Jim.....Ahhhh, but if we discovered something that triggered the devaluation and contributed to the loss such as an Act of God or an Act of man....... and furthermore was selective on who we would help or not........then we would have National car problem. It doesn't matter too much if just a portion of people suffered losses who took risks that failed, but when it becomes an epidemic, then the welfare of the injured becomes paramount. BP oil spill, Katrina, Haiti.....get the picture. Whether they deserve help or not is not the issue. Cars and houses were made for people, not people were made for cars and houses. Thank you for sharing your point of view........

Best

Jun 29, 2010 06:24 AM

John Mulkey

TheHousingGuru.com - Waleska, GA

Housing Guru

Richie - As I discussed in my last post, the loan modification program promised to "save" 7 to 9 million from foreclosure is a cruel hoax that both politicians and bankers knew wouldn't work. Homeowners in distress are better off just walking away and saving both the money and effort they'll waste on attempting a modification. (And as for the system being unfair, of course it is, but it's impossible to legislate fairness)

Jun 29, 2010 08:48 AM

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

John...I have to fully agree with your last post and your above comment. It is just when a client, friend, family, or neighbor gets sucked into the system and I have to hear and see their cries of desperation up close is when I get all fired up. I do not like to see adults beg for anything. When you can taste and smell....... fear and despair, it stays with you...in some cases all your life. I am a sucker for the underdog.

Jun 29, 2010 09:00 AM

John Mulkey

TheHousingGuru.com - Waleska, GA

Housing Guru

Richie - I understand your concern for your friend--I've had two friends lose their homes in this crisis--and the banks' behavior in most cases is disgusting. That's why I'm advising those facing foreclosure to understand that foreclosure may be their best option. The best to you and your friend.

Jun 29, 2010 09:27 AM

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

John...I have another client who checked into the hospital over a short sale. People handle challenges differently. I have run out of things to say. The husband is relying on me to steady them. So far so good but intense. John....here's to happier days......your best for me and mine received and doubled back to you

Jun 29, 2010 09:34 AM

Jenna Dixon

Momentum Real Estate Group LLC - Marietta, GA

55 & Over | New Constructions | Horse Farms

Richie, You already know what I have to say about the above scenario. BoA just did the same to a client here in Georgia.

My question is: Why do Americans continue to support these bailed out banks who are throwing OUR FAMILY, FRIENDS, CO-WORKERS, CLIENTS & EVEN SOME REALTORS & OTHER REAL ESTATE PROFESSIONALS out of their homes by depositing our paychecks, unemployment checks, welfare checks, income tax return checks, into their coffers so that they can continue to operate and take back our property?

Yes, I KNOW that was a long question.

When you do nothing, CONSENT IS IMPLIED!

Jun 29, 2010 01:51 PM

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

I wrote this post because once again another one of my clients is suffering from the hands of a rather aggressive and confusing bank who is not operating in the best interests of anyone but themselves......I posted it so the public can see it and have it go on record for where I stand. A very dear lady once said.....

When you do nothing, CONSENT IS IMPLIED!

Thank you Jenna and I pray for these terrible times to be shortened and people be spared.....

Jun 29, 2010 03:55 PM

Chris Wechner

CW Health Inc - Waterford, MI

I don't think it was wrong for us to bail out the banks. We didn't do it from any compassion towards them. We needed them as much as they needed our collective help.

I wish the government were better at finding programs that REALLY help people who need the help. Obviously, there are system scammers, but there are plenty of people who didn't know any better. We failed to educate them; therefore, we should find a way to help them today while teaching them for tomorrow.

I don't really blame the bank employees. They're caught in the middle. They'll get fired if they're too accomodating and lose money for their employer.

For the most part, I don't even really blame the banks. They are in business to make money. I wish they were more forthcoming about that, though. "Hey, we'd like to help you, but you're asking us to take actions that will make us bankrupt. Let's see if there is any way we can help you without hurting ourselves." Who knows what behind-the-scenes politcal garbage keeps them from being able to say that, even if they wanted.

It's a tough time. I'm sorry about your friend, Richie.

Jun 30, 2010 01:51 AM

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

Chris.....be careful about the power of hypnotism via constant repetition. When you keep hearing something over and over and it is hammered into you via trauma and other techniques, you start to accept it as a substitute for truth. That does not make it so, it only wears you down to make it so. That's why when you see or hear something that is not right, that is your cue to speak up or make a move. If not, the negative and dark powers go to work on you and through your complacency, prevail. The Nazis and the Russians practiced this form of mind control. Slave traders convince us that slaves are not human beings. WMD are piled up in IRAQ ready to be deployed....etc. I do not blame anyone for anything. I do not expect someone to rescue me either. That being said, having to get the world to play by fair and equitable rules is challenging and sometimes unrealistic. Everyone who uses the court system knows it falls far short of bringing justice to all parties. It is better than most systems, but still defective. So it is with the banks and our government. They are wrong, but to right that wrong is complex and has ripple effects into other areas. The result is that there will be collateral damages and that is what you are seeing now. People are the collateral damages. The needs of the many out weight the needs of the few. Remember when VP Cheny asked President Bush for permission to shoot down planes while 9-11 was in progress? Bush said do it. That is our system......for better or for worse.....

Your visit to my post was a pleasure for me....thank you

Jun 30, 2010 05:20 AM

Chris Wechner

CW Health Inc - Waterford, MI

You're right, Richie, that it's not very often a good idea to let people with bad ideas lead the way.

Sometimes, it's just easier (for fear of suffering consequences that we don't feel that we're prepared to pay), but it's not usually the rigth path to take. Thanks for that reminder.

Now...How do we access people who are hiding behind locked curtains where we don't hold a key?

Jul 02, 2010 02:30 AM

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

Chris....you asked..."Now...How do we access people who are hiding behind locked curtains where we don't hold a key?"....I answer:......we get them to come out into the light with questions, dialog, investigations and then request accountability......The mere fact that someone is not accessible is intrigue enough to ask the question....WHY not?

Jul 02, 2010 04:30 AM