I welcome comments, on similar occurrences, involving Predatory Lending. Remember,
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| PREDATORY LENDING/ CHASE MANHATTAN & DELTA FUNDING | |||||||||||
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| I am an African American widow, who resides in New Jersey. My home was refinanced by Delta Funding, Woodbury, New York, in the amount of $52,000.00; of that amount I received $700.00. Then, Delta transferred/flipped my property to an attorney who alledged to have represented a purchaser. I never met this attorney, or the alledged purchaser. My deceased husband and I built this home in 1972. Next, Ocean County's Public records revealed that Chase Manhattan was in possession. Next, filed and recorded documents revealed that Chase flipped the property several times to different assignees, but further investigation showed Chase remained in possession. Next, Chase sold the property for the amount of $200,000.00. Then, the buyers obtained a mortgage and a construction loan, for the total amount of $400,000.00. Next, the home was reconstructed to a two-family dwelling. From information and belief, it is Section 8 funded. In conclusion, the owners gave their attorney, "Power of Attorney," to sell or dispose of the property as to his discretion and the owners moved to Ohio. I have notified the Attorney General and the Governor's Office of New Jersey, but nothing has been resolved. My family and I were evicted from our home of 28 years, due to an illegal foreclosure without legal foreclosure procedures. Chase had no legal or lawful authority to commence an eviction, for I was never indebted to them on a loan. Within my neighborhood, caucasians homes that were taken illegally, were paid the value of their homes; but blacks who have endured the same, were not. Delta, Chase, and other unscupulous lenders involved in the scam of taking property from hard-working people, who struggle day-by-day, just to own their homes, "The American Dream" should be ordered to compensate their victims via their illegal and deceptive practices. I welcome comments, on similar occurrences, involving Predatory Lending. Remember, |
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| Name: | Madeline Rawles | ||||||||||
| Email: | [email protected] | ||||||||||
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