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Sun Feb 10, 2013, 12:28 PM

Homeowner spray painted message to bank (foreclosure): You're 'stealing' my house...

Michelle Hansen Tags Home With Message to Chase Bank: You're 'Stealing' My House

Cases of homeowners struggling against their banks to fend off foreclosure are a dime a dozen these days. But Michelle Hansen of Aurora, Colo., is upping the ante against JPMorgan Chase, which she says is refusing to grant her a loan modification after she became delinquent on her mortgage. What's her tactic? She's using her own house to publicly shame the bank, scrawling a message across her garage door that says: "JPMorgan Chase is stealing this home."

"They think everyone's just going to go away," Hansen (pictured below) told KMGH-TV in Denver of her bank. "I think they picked the wrong house." Hansen is doing anything but going away -- she's fighting back. The entirety of the message addressed to JPMorgan and its CEO, Jamie Dimon, that Hansen spray painted on her home reads: "Jamie Dimon & JPMorgan Chase, JPMorgan Chase is stealing this home. Ignores homeowner for 21 months!! I will not violate federal law on your behalf as a condition of communication from you! Call me. Chase Me!!" Hansen ends the note with a heart sign.


According to Hansen, she notified JPMorgan in May 2011 that she had fallen on hard times and would not be able to pay her mortgage payments. She said the bank promised to work with her on getting a loan modification, then refused to do so two months later. "You're told, 'We need A, B and C,' so you give them A, B and C, and then, 'No, we need this and then we'll talk to you,'" Hansen said. "So you did it, and they keep lying."

JPMorgan Chase said in a statement, "Chase does not own this mortgage but services it on behalf of its investor, Fannie Mae, and must follow all investor guidelines." It's easy for distressed homeowners in these types of situations to view the banks as the bad guys, but to be fair, Chase recently began refinancing thousands of loans. Last year, as part of the $25 billion mortgage settlement, Chase offered $4.2 billion toward mortgage relief to slash the interest rates and principal loan balances of thousands of underwater borrowers


*snip*

http://realestate.aol.com/blog/2013/02/09/michelle-hansen-jpmorgan-chase-stealing-home/?icid=maing-grid7|maing9|dl2|sec1_lnk1%26pLid%3D268356

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Reply Homeowner spray painted message to bank (foreclosure): You're 'stealing' my house... (Original post)
one_voice Feb 2013 OP
customerserviceguy Feb 2013 #1
FBaggins Feb 2013 #4
customerserviceguy Feb 2013 #8
magical thyme Feb 2013 #5
libtodeath Feb 2013 #6
customerserviceguy Feb 2013 #7
FBaggins Feb 2013 #2
RC Feb 2013 #3

Response to one_voice (Original post)

Sun Feb 10, 2013, 01:01 PM

1. Maybe if she had read the papers she was signing

that said they had a right to foreclose. And she probably just took whatever lender her realtwhore got a kickback from for recommending.

Its Fannie Mae who owns the mortgage, ultimately it will be the taxpayers holding the bag on her ill-considered purchase.

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Response to customerserviceguy (Reply #1)

Sun Feb 10, 2013, 01:21 PM

4. You're not in any position to make that accusation.

Look... there are few people on DU that are more "pro bank" than I am (well... few that make it past their first week) - and I'll agree that many people suffering over the past few years made the bed that they're stuck with now. But we don't know that she's one of them.

She might have been very conservative in her financial decisions... but illness changed her income prospects and drained her savings. Or perhaps she was married and they purchased the home on joint income expectations and now he left her to fend for herself and some children. Or maybe she had more than enough income and capital to afford the home but lost her job four years ago and simply hasn't been able to replace it.


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Response to FBaggins (Reply #4)

Sun Feb 10, 2013, 09:16 PM

8. Not every "investment" works out for every one.

Don't put money in any investment where you can't afford to lose it, and that includes home ownership. She'll be a bit wiser the next time, but scrawling this across her garage door doesn't help her neighbors one little bit.

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Response to customerserviceguy (Reply #1)

Sun Feb 10, 2013, 01:52 PM

5. they agreed to work with her and then wasted her precious time and resources

jumping her through hoop after hoop after hoop.

Maybe she took out her mortgage with her friendly local bank, only to have that bank bought out and her mortgage sold again and again and again.

Maybe she lost her job. Maybe she had a serious illness.

Naw, that couldn't be possible. JP Morgan Chase is the most benevolent and generous and careful and helpful of billion dollar banksters. Jamie Dimon is a paragon of virtue and Gawd's right-hand-man.

And she's obviously a deadbeat loser who can't read a contract.

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Response to customerserviceguy (Reply #1)

Sun Feb 10, 2013, 01:55 PM

6. Given your username here i bet you are only a paycheck or two away from a similar situation

hope that you hear more then someone saying sucks to be you,guess you fucked up if it happens.

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Response to libtodeath (Reply #6)

Sun Feb 10, 2013, 09:14 PM

7. I've made a lot of bad financial decisions in my life

and have had to pay the price for them. It's why I made the decision about five or six years ago to make damned good and sure I don't spend every freaking penny that I get in my paycheck. Thus, I'm not only a paycheck or two away from disaster.

I used to work in the real estate industry, in title insurance. The people that were just simply a commission check to the shysters who sold them flip-this-house dreams and "easy payment" mortgages treated them like sheep to be sheared, and I watched that happen to so very many of them.

No boom lasts forever, and that was especially true of the housing boom. I'm sorry that this borrower feels the need to depreciate the value of her neighbors' houses with the rant painted on the garage door.

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Response to one_voice (Original post)

Sun Feb 10, 2013, 01:07 PM

2. I wonder what federal law she is thinking of

She obviously did this to get attention for her complaint... but she should then move on to explain that complaint

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Response to one_voice (Original post)

Sun Feb 10, 2013, 01:15 PM

3. Leave it to DU to blame the home owner to be at fault.

 

Job loss. Hours cut back. Divorce. Medical expenses. Increases taxes. Bank fees increased. Bank/lender fraud. Lender misrepresenting loan. And on and on and on.
So yeah, it is always the home buyers fault.

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