BEND, Ore. -- More than 100,000 Americans have signed an online petition calling on JPMorgan Chase to immediately stop its scheduled Aug. 9 foreclosure of a Bend soldier’s family home while he is fighting in Iraq, the group organizing the effort said Monday
Aaron Collette, 20, is scheduled to return to the U.S. in August for two weeks of leave from Iraq, but he may not have a home if Chase proceeds with its plans to foreclose on his father’s home.
Led by the non-profit Economic Fairness Oregon, more than 100,000 people have signed a petition on Change.org, the world’s fastest-growing platform for social change, demanding that Chase cut through bureaucratic red tape and help the soldier’s family.
Aaron’s father, Tim Collette, bought the home in 2006, when his son was 16. He had more than a $100,000 down payment, but his small flooring and countertop business was hurt by the economic downturn.
Angela Martin, executive director of Economic Fairness Oregon, says Chase told Aaron’s father to default by not paying his mortgage, put him on a trial modification for nine months, then denied him a full modification and demanded $9,000 in arrears.
"What they're forcing homeowners to do is negotiate with a gun pointed at their head," Martin told American Banker earlier this month.
Aaron’s father is asking Chase to hold off on foreclosure proceedings, at least until Aaron is able to spend his leave time with his family. But, the bank has refused and the foreclosure is now scheduled to occur on Aug. 9.
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