Chase Loan Fraud
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“ Soon: too late to protest”

Since: Jan 09

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#1 May 16, 2012
Chase is the biggest bank stockholder of the ‘Federal Reserve’. Chase customers are financing treason, the 2008 bank scam and recession, terrorism, etc.
We all have the right to confront them, and inform them about what they’re doing, except for those who have loans they can’t move to other banks.
We need to stop doing business with companies that bank with them, and to let them know that Chase is above the law. They’re never prosecuted for any crimes, especially for the 2008 scam.
These customer complaints, exposing ongoing abuse from Chase, are from:
(next post)

“ Soon: too late to protest”

Since: Jan 09

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#3 May 16, 2012
I asked to refinance my home loan. I have excellent credit and have never made a late payment. I also have savings and checking accounts with Chase. I feel that 6.375 is way too high, especially when they pay me practically nothing on my savings account. They would not refinance my loan because they could not sell it to Norway. What a joke! Is this fair?

“ Soon: too late to protest”

Since: Jan 09

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#4 May 16, 2012
I applied for a line of credit with my business last week. I was looking to take a loan that I have seven times the amount of collateral in a savings account with Chase. We spoke about using this money and having a lien put on it so that the loan was protected. After calling several times to get the result of the application, I was told I was denied due to my credit score. I have never made a late payment on anything in my entire life and I pay every bill in full! I was also told I was not in business long enough. I have everything I need for this loan, and I feel that this is unjustified considering my financial status. I am not able to make this investment in my small business.

“ Soon: too late to protest”

Since: Jan 09

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#5 May 16, 2012
This is a Bait and Switch fraud complaint. Chase fraudulently baited me with a $118K loan offer, then switched to a $100K product and tried to report that I was "declined" for "adverse" reasons, going out of their way to put negative mistakes in my file.

“ Soon: too late to protest”

Since: Jan 09

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#6 May 16, 2012
We have a joint checking account with Chase and my husband has a business line of credit also with Chase. My husband lost his job and is behind in his payments. Two days ago, Chase took it upon themselves without permission to take the money from our joint account to pay the business line of credit. They arrogantly stated that they had this right, "We do it because we can" was their response when asked what gave them them right. My husband spoke with someone from chase the day before this happened and they gave no warning they would do this.
By doing this, they made it impossible for us to make our mortgage payment (also with Chase) as the money they took was set aside for the mortgage payment. We now, not only cannot make the mortgage payment, but are short on money for food purchases. I will now close the joint account with Chase and move it to another bank. I am shocked that after two decades of a good checking/home loan relationship with them they would do such an underhanded thing with no warning and such a cavalier attitude.

“ Soon: too late to protest”

Since: Jan 09

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#7 May 16, 2012
My experience with Chase bank is less than zero. I went to 2 locations to speak with a business banker about the wacky business loan statement. Both branches and 4 personnel there said they "had no clue" what is going on. And various phone calls on SPKR, with a witness, the reps of Chase contradicted themselves and said the other and branches were in error. I also deposited almost 3x the minimum amount to avoid fees and still was charged fees. After my loud complaint at a local branch, the fees were removed.
They explained why my loan payments increased. It was because of a loan payment deferral, which states the deferred amount was due at maturity, my payment went up to compensate for the deferred amounts, as so told to me by Chase. I told them of the pending lawsuit of fraud.
Do not call these **. Do not expect an answer. I have recorded names and dates, and I have had a witness listen to some return calls in which contradictory statements are made. Furthermore, I have requested some docs for over 1 year with no response. My opinion, get out of Chase and join a credit union.

“ Soon: too late to protest”

Since: Jan 09

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#8 May 17, 2012
Every month, we pay our auto loan on the 8th of the month by transferring from our checking account. We did have it set up for automatic every month until we started waking up seeing 2 payments being transferred. So I cancelled that real quick. Even though we cancelled the auto transfer, Chase bank still took payments and said that we set them up. Now I know that we didn't. There was a month back in 10-2011 where we had to pay a highly unexpected medical bill for a child. We knew that we wouldn't be able to make our car payment that month and so we called Chase to ask for a deferment. They denied us, and so we just didn't pay, knowing we would get a fee and we didn't care.
I woke up and see that although I cancelled the transfer, they took it anyway. Then they said that to refund it, it would take 3-5 business days. Then the next day another transfer went through which they said I scheduled. I know my husband and I didn't do it because we didn't have the money, and had rent due that was more important than the car payment.
So he bottom line is, for the past 9 months, I have had 2 unauthorized transfers every month on my account to the loan, and they refuse to say they are setting up the additional transfer. And that it's my fault, and when the transfers overdraft me, I get told that I should watch my spending. I stop overspending money that I don't have. I do not like Chase bank; they are thieving liars who care about their money and not about what's right.

“ Soon: too late to protest”

Since: Jan 09

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#9 May 17, 2012
I started shopping in or about midsummer for my new home. I consulted with a Chase representative for my home loan. I had a pre-approval letter for the loan amount I was requesting. In late August, I had a job offer. I consulted with my Chase representative if it was okay to transfer while looking or buying this house. She said it's okay so I proceeded to transfer.
Meanwhile, I paid for $1000 for earnest money,$450 for house appraisal fee and $500 for house inspections. Second to last day before closing, Chase denied my loan due to my job transfer because I did not have enough job history while my old job I had five years plus. If I would have known this, I would have waited at my old job to get my new home. To add more fuel to the fire, I went to different lender and were able to approve my loan and restart the whole process. I just want to know who is going to pay for the lost money. It was not my mistake!

“ Soon: too late to protest”

Since: Jan 09

Location hidden

#10 May 17, 2012
This is in regard to a refinance I thought I was doing for my home with JP Chase Mortgage. My current mortgage has been with Chase for over 10 years. I have never been late on a single mortgage payment. I have an extremely high FICO credit score of 794. The refinance I was attempting to do was for $71,500. The value of the house based on their numbers was $208,000. Hence, a 30% loan-to-value refinance (a no-brainer for a competent lender). Our combined income is around $85,000. I paid Chase a $395 application fee for what they stated would be a "low doc loan". They stated that this would be an easy process since I had so much equity, a high FICO score and almost no other debt (i.e. no car loans or revolving debt, just two pieces of rental property that I also have tons of equity in).
Application was made on September 5, 2011. Today is January 24, 2012, almost five months later and the refinance is still not done. This supposed "low doc" refinance is nothing short of fraud! I have provided everything that Chase has requested (many times in duplicate because of their incompetence to keep track of their own paperwork). The Chase representatives I have been working were Betsy ** and Brian **. They never take telephone calls and for the most part, do not answer emails.
In addition to the $395 application fee I was charged, they cost me another $500 per year by having me increase insurance coverages on the subject property to values that are absurd. I have spent hours satisfying their every request, but I still have no refinance. I wish I had searched the internet regarding customer satisfaction as it relates to JP Chase Mortgage. If so, I would have found that hundreds and thousands of customers and potential customers have received the same extremely poor service that I have received.
I will be leaving Chase Mortgage soon and will be canceling the two Chase credit cards I have with these scammers. I would advise everyone that might be considering a mortgage or refinance with Chase to learn from my experience and do some searching on the internet about Chase Mortgage customer satisfaction. There appears to be none! The folks at Chase are completely incompetent. This should have been the easiest refinance ever but instead, they just took our $400 and we got nothing but a 5-month headache!

“ Soon: too late to protest”

Since: Jan 09

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#11 May 17, 2012
Please help me! Chase Commercial Bank is attempting to steal over a million dollars from my property sale slated to close escrow on Monday, Feb. 6, 2012! They have presented a completely unfounded payoff figure to Chicago Title Company claiming a pre-payment penalty is due, for which I never signed for or agreed to. They cannot and will not produce any document signed by me to substantiate such excessive amount demanded; thereby refusing to release clear title for property on which I am attempting to sell/close escrow on Feb. 6, 2012 for $4,630,000.00."

“ Soon: too late to protest”

Since: Jan 09

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#12 May 17, 2012
They printed a 2 month's bank statement with the wrong address, and I needed to do my refinancing. They admitted they made a mistake, and Sarah ** said she will fix the problem, and called me. I just got a call from Barbara ** at Chase bank. She said that they cannot change the address, even though it's their mistake. This is will ruin my refinancing.

“ Soon: too late to protest”

Since: Jan 09

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#13 May 17, 2012
Chase is refusing to let me discuss missed payment issues with them because my husband is deployed and does not have access to internet or fax machines right now to fax them a letter, allowing to me discuss payment problems with them. They sent me a letter saying that I am behind on my payment for February and they have reported it to the creditor bureau. I made the payment on February 29th and they said that it was late and then they turn around and say the next payment is not due until the 15th of April!
When I checked my payment status on my statement online, it said payment was up to date! They called today and tried to get me to make a payment to get the car up to date on the balance. I tried to make payment and then they ask to talk to my husband and then when I told them he's deployed, they said oh we can no longer discuss this account with you because your name is on it! Umm, hellooo, why keep calling me when I've told you the same story. My husband's deployed and you won't take money from me?! I was also told that my payment would be considered late when it was paid for February!

“ Soon: too late to protest”

Since: Jan 09

Location hidden

#14 May 17, 2012
Please help me! Chase Commercial Bank is attempting to steal over a million dollars from my property sale slated to close escrow on Monday, Feb. 6, 2012! They have presented a completely unfounded payoff figure to Chicago Title Company claiming a pre-payment penalty is due, for which I never signed for or agreed to. They cannot and will not produce any document signed by me to substantiate such excessive amount demanded; thereby refusing to release clear title for property on which I am attempting to sell/close escrow on Feb. 6, 2012 for $4,630,000.00.
Chase has verbally agreed that such penalty was in error and was in the process of being removed! Hence, Chase has succeeded in delaying this final denial until now, only hours before the sale closing! For the past eight months, I have had attorneys fighting Chase on this matter. Chase will not respond to attorney requests for copies of signed documents or any other form of substantiation. Additionally, they refuse to explain their method of calculation for such trumped-up figures. Chase refuses any contact with my attorneys, stating that Chase deems this a closed matter! I need help from someone! I have no place left to turn!

“ Soon: too late to protest”

Since: Jan 09

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#15 May 17, 2012
This bank is horrible. Since they bought out WAMU, we have gotten 3 letters on intent to foreclose. They take our checks, cash them , then hold it. They have ** up (their part not ours), then we have to pay for their mistakes. We are going to find a new mortgage company. They keep wanting more and more on a fixed rate. Helping those who have fought for our country is a joke. They are helping in trying to take our home. Monthly mortgages paid , we have never been late, yet you cash our checks, then hold it in suspense? I don't think that is even legal. Too bad you got bailed out, in order to take people's homes. I normally am not a mean person, but I have had enough.
The last foreclosure letter we got, you cashed our check again, when we called, you said someone in your company opened up our account, and made the rates lower. Good, but we have to pay again for your mistakes. We end up paying more and more for a fixed rate. They cash our checks, send us foreclosure letters, then say "well, you owe us this much". So, it makes it even harder for us, because the company is not organized. Seems almost like a predatory lending. If I had my choice, I would have left long ago. I should have sold the house before. We would have lost $50,000 if we sold it now. Chase is not helpful. The customer service people are clueless.

“ Soon: too late to protest”

Since: Jan 09

Location hidden

#16 May 17, 2012
These complaints, and more, can be found at:
(next post)

“ Soon: too late to protest”

Since: Jan 09

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#18 May 18, 2012
I received a check… with my name and Chase's name on it. Chase will not endorse the check without a pile of paper work… They never said this beforehand. Now after the foreclosure, it adds more red tape to the problem. Chase has no intention on solving the problem. The money is mine and for the damages that I paid to have repaired out of my own pocket

“ Soon: too late to protest”

Since: Jan 09

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#20 May 18, 2012
Consumer Complaints & Reviews
In November 2010, Chase refused to receive and process the monthly payments shown and the previous statements. Prior to that date Chase wanted to institute escrow account in the sum of four times larger than yearly payments for real estate taxes and insurance. During the course of time 2009, 2010, 2011, and 2012 some double payments were executed . The value of the home at the present time is 3-4 times bigger than the loan. In 2010, Chase, thru its legal firm, sent the notice pursuant to Fair Debit Collection Practices Act demanding full payment of the loan with penalties. In case of noncompliance, the foreclosure proceedings will be instated against property. I presented proof of payment to the legal firm and later couldn't receive any information about the status of the loan or legal proceedings.
The bank sent the letter stating that I owns $29,059.39. Chase indicated that I did not pay his monthly payments in June, July, August, and September or October 2010. But on November 12, 2011 Chase refused to accept and process the monthly payment form me. During the times, 2010 and 2011, I tried to contact Chase's employees or their lawyers. At many accessions the information was inaccurate and questions were unanswered. Letters sent by me were ignored, unanswered, or answers were simply inadequate or false. Even when I mentioned about the legal action against Chase, information provided by its lawyers was inaccurate and sent the Illinois States Attorney. Often I had to go himself to bank's lawyers and facilitate them to receive correct information from the Chase Bank employees.
I paid monthly installments each month before due date and his obligations for real estate taxes and insurance. In 2010 Chase did not sent even one monthly statement about the loan. The modification initiated by the bank gone to nowhere. I contacted Illinois State Attorney General. At the month of August 2011 plaintiffs information from this office that the matter of this loan is in active litigation. In October I attempted to pay indicated sum by Chase, which is $14026.69, but he refused to accept this payment at his office. After many inquiries to the defendant's employees and his lawyers, I was instructed to pay $16877.50 and once again the payment was refused by the bank. I was inaccurately informed where to send this payment.
(next post)

“ Soon: too late to protest”

Since: Jan 09

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#22 May 25, 2012
Here’s why Chase won’t write new home loans. You pay FOUR TIMES as much as the sale price, and people are willing to do that to get homes, but that’s not good enough for CHASE. They must have MORE…

New York Times
May 17, 2012
Within a week of the disclosure, the losses surged, surpassing the bank’s initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses.
The Complex Trades That Led to the Loss
In its simplest form, the complex position assembled by the bank included a bullish bet on an index of investment-grade corporate debt, later paired with a bearish bet on high-yield securities, achieved by selling insurance contracts known as credit-default swaps.
The Company is a global financial services firm and a banking institution in the United States, with global operations.
(next post)

“ Soon: too late to protest”

Since: Jan 09

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#23 May 25, 2012

“ Soon: too late to protest”

Since: Jan 09

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#24 May 26, 2012
First, the Rothschilds-Chase Bank get away with a loan scam so massive that it creates a worldwide recession. Then when our credit scores are lowered, as a result of that scam, they use that to score to refuse loans to us.
Then, instead of writing loans, they GAMBLE trillions of dollars away in the stock market, which means higher interest rates for credit card holders, and higher bank fees because YOU have to pay for THEIR CRIMES.
They add to their crimes by FRAUDULENTLY claiming they can’t afford to write loans. They have a gambling problem, investing multi-billions in the stock market! How many home loans would that have provided desperate people who just want to save their homes?
However, Chase can afford to give approx. four and a half million dollars to political candidates, mostly to Romney.
They also spent over 101 MILLION to lobbyists.
(see previous links)

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