Thursday, August 19, 2010

90-Year Old Homeowner To Escape Foreclosure After Media Report; Son Said Servicer Refused For Months To Take His Money Even Though He Co-Signed Loan

In Stratford, Connecticut, WTNH-TV Channel 8 reports:
  • A 90-year-old Stratford woman who faced foreclosure won't lose her home after all. John Puchowicz said he was contacted by Chase bank after his story aired on News 8 earlier this week.(1) Puchowicz told News 8 Monday his mother was threatened with foreclosure on her condo. Making matters worse, he said the bank didn't notify him about the foreclosure, even though he was a co-signer, and they refused to let him pay it off.

  • It went on for months but has now been settled. Puchowicz said Chase will be sending a payoff statement that will allow him to pay off the mortgage. The bank says as long as it's paid the home won't go through foreclosure.

Source: Foreclosure threat ends for 90-year-old.

(1) See Bank foreclosing on man willing to pay for condo:

  • A man says his 90-year-old mother is being threatened by foreclosure on her Stratford home. He says he is all too willing to pay her debt but claims the bank is the one doing the stonewalling.