If you have a story to tell, please feel free to e-mail it to me at. [email protected]
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| PREDATORY LENDING/ CARTERET/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 my property, to an attorney, who alleged to have represented a purchaser. I never met this attorney, or the alleged purchaser. My deceased husband and I built this home in 1972. Next, Ocean County Public records revealed that Chase was the receiver of the property. Then, Chase flipped the property several times, on paper, yet public records revealed Chase continued in possession. Then, Chase sold the property for the amount of $100,000.00. Next, the buyers immediately sold the property for 200,000.00, and obtained a mortgage and construction loan for a total sum of $400,000.00. Then, the home was reconstructed to a two-family dwelling to be rented via HUD Section 8. In conclusion, the owners gave their attorney, "Power of Attorney," to sell or dispose of the property as to his discretion, and they moved to the state of Ohio. These accounts of what occurred with the property located at 39 East 13th Street, Lakewood, New Jersey, has been filed and recorded at the Ocean County Courthouse in Toms River, New Jersey. Also, I have reported this information with documents to the Attorney General and the Governor's Office of New Jersey, but it has yet to be resolve. My family and I were evicted from our home of 28 years without compensation, on a pretense of a Foreclosure Action. Chase alleges to have a mortgage on my property in the amount of $99,000.00, as a result of a note with a Bobby Anderson of Philadelphia, PA., of whom I had never met or seen, nor did he have a legal interest nor title to said property. He was a stranger to the Rawles family. As a result of the loan with Bobby Anderson the note went into default, for Mr. Anderson, via a fraudulent transfer of property flipping never made any mortgage payments. Mr. Anderson stated via deposition, that he didn't put any money down on the property, nor make mortgage payments because he was told by the bank that he didn't have to. He also said that he didn't have a payment book or bank to pay the mortgage to. The deal via his associates Joseph & Cornell Booker, who were associates with Carteret, was to buy the property, and the mortgage would be financed by Carteret/Chase. After the deal went through, Carteret/Chase would take over the mortgage, and he, Anderson, would be given money when the property was sold and another amount for the use of his name and credit. At the time that Bobby Anderson executed a note/mortgage with Carteret/Chase, any properly performed and reviewed Title search would had indicated the existence of a Lis Pendens. Therefore, Carteret/Chase had the duty of care to the lawful owner, Rawles, to properly perform and review a Title search of which would have indicated the existence of a Lis Pendens. Carteret/Chase had the duty of care to the owner, Rawles, to ensure that a proper Title report was conducted and reviewed for said property. Carteret/Chase had the duty of care to owner, Rawles, to ensure that a mortgage was not entered against property owned by an individual other than those indebted to them on a note. Carteret/Chase negligently breached this duty by failing to either obtain a property Title report and /or failing to properly and competently review said report. As a result of said negligent breach Carteret/Chase allowed a mortgage to be executed between itself and an individual who did not have clear and marketable title to said property. As a result of said negligent breach of its duty of care, Carteret/Chase allowed a mortgage to be filed and recorded against property that belonged to Madeline Rawles. As a direct and proximate cause of said negligent, Carteret/Chase has caused Rawles extrordinary damages, and the loss of her legal and possessory rights in her home. On May 18, 1999, my family and I were evicted from our home of 28 years, via Chase Manhattan Bank. My purpose for writing is to expose Chase & Delta Funding, both New York firms, for their illegal and illegal and unscrupulous activities. Within my neighborhood, Caucasians whose homes were taken illegally were paid for their property; but minorities who have endured the same, were not. Delta, Chase, the attorneys, and others unscrupulous lenders involved in the scam of taking property from hard-working people, struggling day-by-day just to own their home, should be ordered to compensate their victims for their loss via their illegal and deceptive practices. If you have a story to tell, please feel free to e-mail it to me at. [email protected] |
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| PREDATORY LENDING IS A DISEASE THAT CAN HARM AND DESTROY A NATION | |||||||||||
| Predatory Lending | |||||||||||
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| Predatory Lending/Chase Manhattan & Delta Funding | |||||||||||
| Name: | Madeline Rawles | ||||||||||
| Email: | [email protected] | ||||||||||
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