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Monday, March 02, 2009

JP Morgan Chase Continues Foreclosure Proceedings Despite Promised Freeze

Can we trust the banks? I guess we are leaning the answer to that question - or we will soon enough. As part of the Fighting for Our Homes Campaign, we documented the story of Gaila, who is being foreclosed upon by wholly-owned JP Morgan Chase subsidiary, EMC Mortgage. Gaila said an eviction notice was posted on her property this past weekend - while the supposed 'freeze on foreclosures' was in effect. In Gaila's case however - betraying the 'freeze' is a minor offense compared to the havoc JP Morgan Chase's EMC is wreaking across the country.

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