All her life, Susie Johnson had just two goals she wanted to accomplish- going to college, and owning her own home. She achieved the first goal, and then in 1996 had the opportunity to fulfill the second one, purchasing her home in Orange, NJ for $90,000. Ms. Johnson was proud of her home, frequently hosting neighborhood barbeques and paying her mortgage on time every month.
In 2003, Susie received a notice from Washington Mutual Bank, returning her payment for the month, and claiming that her loan was in default. As instructed, she sent WaMu the receipts for the payments they had mysteriously misplaced, but they filed for foreclosure anyway. Ten years later, Susie is still fighting to stay in her home. Even though her daughter has taken up the fight, 80 year old Suzie's health has deteriorated from the stress.
JPMorganChase and the Department of Justice reached a record-setting $13 billion settlement for Chase's role in selling the toxic mortgage backed securities they and other Wall Street criminals used to destroy our economy and steal our homes. Instead of taking this opportunity to stop foreclosures and keep struggling families in their homes, Chase is still pushing to evict people like 80 year-old grandmother Susie Johnson.
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