Chase Puts Their Money Where Their Mouth is With Large Short Sale Cash Incentive, but is there a catch?

Chase Puts Their Money Where Their Mouth is With Large Short Sale Cash Incentive  

May I add that I have been advocating a similar procedure to this one. I have advocated returning the entire down payment to distressed homeowners, plus any accrued equity if they were lucky enough to have accrued any in this economy.

The 35,000 dollars being offered by Chase in short sale scenarios is probably a good thing provided the down payment made by the homeowners when they first bought the home is not for much more than that. However one wonders if there is something lurking behind this offer that is not as rosy since this is after all, Chase Bank doing the offering.


The odds of there being a "catch" when the name Chase Bank is involved are probably high. If someone made a down payment of 100,000 dollars on a home, and now may be leaving it via a short sale, the 35,000 dollar offer may be better than nothing, but is the homeowner leaving behind their own hard earned money, for what?


My concern is that this 35,000 dollar offer is a one size fits all and that may not be fair in certain situations.

Understanding why banks abuse us.

Banks abuse people because it's as easy as using a radar gun at the bottom of a hill to give out speeding violations.

Banks use one simple rule to abuse their customers. Bankers and the U.S. government require a DEFAULT before any debt can be restructured.

That's it! 

The speed trap at the bottom of the hill is forcing anybody who wants to restructure a debt into default first. Whether you have a student loan, a mortgage, or a credit card debt, presently there can be no debt restructuring unless a default first occurs.

Debt restructuring is NOT debt forgiveness. Debt restructuring simply means the bankers need to work with the debtor so that the debtor can at the very least pay back the principle that they owe.

It's time to get past how evil the banks are and instead focus on changing one simple banking rule of law. Debt restructuring SHOULD NOT require a default first.

Change this one rule, save the world's middle class from the clutches of  the elite rich and their unending thirst for perpetual trillions of dollars in profits from unsavory loans.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Chase Bank's Foreclosure Disgrace from CBS news.

I missed this article from May of 2010, but CBS does a nice job of nailing Chase Bank and Jamie Dimon (who Barack Obama admires) on their horrible foreclosure tactics.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Bank of America 59 dollar annual fee is ridiculous, unfair, toxic, and should be overturned.

Bank of America is imposing a 59 dollar annual credit card fee on 5% of their customers who they consider to be bad credit risks. Even if the customer has never been late on their payments, they will still impose this "punishment fee".

Apparently, the reason being given for this 59 dollar fee is "if you closed your card and tried to get another one, you would not get as low of an interest rate". (If your jaw just did not drop, keep rereading the quote until it does).

If only 5% of Bank of America customers are being penalized, that would mean that if all Bank of America customers shared the cost, it would cost each customer 3 DOLLARS A YEAR. Instead of charging everybody 3 DOLLARS A YEAR, Bank of America has instead chosen to taunt 5% of their customers with a 59 dollar annual fee instead.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Is Jamie Dimon of Chase Bank The Grinch who Stole Christmas, gliding down the mountain on his sleigh bringing food Stamps to the Villagers.

Chase Bank is in the business of doling out money to the ever growing millions of americans on food stamps. Chase Bank gets paid to do electronically stimulate the economy by the government. Chase Bank receives a little dab compensation for each customer that they electronically fund.

This reminds me of the Dr. Seuss Classic, "The Grinch who Stole Christmas, then gave it back" (Ok, I added the last part).

As much as I love The Grinch who Stole Christmas, and can watch it every year without hesitation, the bottom line is the Grinch is returning stuff he stole, and acting like a hero in need of compensation.

Ahem, welcome to Chase Bank, Where CHANGING TERMS ON low interest rate life of the loan credit card agreements from its customers who were never late on their payments, is a way of life.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Send your New Years Greetings Comment to Jamie Dimon via DealBook NY article.

lol, I've tried twice to post a message about Jamie Dimon on the Dealbook NY article written about him, but for some reason, DealBook NY won't print my message. But please, give it a try yourselves.

To be fair, DealBook NY has been very fair in printing my comments in the past, it's just the one below they seem to have a problem with.

My comment about Jamie Dimon that was not printed by Dealbook NY. (below)

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In Jamie Dimon's world, it's them vs us.

If Chase bank's success is built on buying established, profitable companies on the cheap while they are crashing and burning because of banksters cutting their already established and responsibly used credit lines, so be it.

If Chase Bank's success is built upon raising monthly minimum payments by 150% on over a million always pay on time credit card customers, even if it means disrupting the fragile economic condition of the elderly, cancer patients, and families just getting by, so be it.

If Chase Bank's success is built upon manipulating the credit card reform bill act so that OPT OUT is not an option for Chase Bank customers, so be it.

If Chase Bank can use parallel foreclosure to hasten the demise of home mortgage customers in need of a lower monthly payment, so be it.

If Chase Bank feels no fear because of the politicians they already have in their pockets, and that is what it takes to win, so be it.

If winning is about moving in on established enterprise and manipulating business conditions so that the enterprise can more easily be taken over, so be it.

Maybe that's why they are called Chase Bank, they chase their prey into exhaustion, and, nowadays, anybody is considered prey.

http://musingsofasouthernwoman.blogspot.com/

http://mmentco.blogspot.com/

http://chasehomefinancesucks.com/my-story/

http://www.bloggersagainstchasebank.com

http://chasehomefinancesucks.com/

http://www.daily-protest.com

http://www.thecatwhoatechasebank.com

http://www.parallelforeclosure.com

http://www.robotsagainstchase.com

http://www.chase-sucks.org/

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.