Chase scheduled Gloria Takla's Redwood City to be sold at auction even though she had just worked out a new payment deal.
Gloria Takla received confirmation Sunday that her house would be sold at auction the following day. The problem? It shouldn’t have been on the auction list to begin with. Uhh … happy Easter?
The Redwood City resident just received a $585,000 trial loan modification from JP Morgan Chase Bank after months of demanding. Takla even resorted to storming a Chase Bank with a group of supporters.
Those supporters, including Occupy Redwood City, emerged again in defense of the 72-year-old, asking that her house not be sold at auction.
Her home was actually supposed to be sold in December, but the bank agreed to give her two months time to reach a deal with them.
Takla found herself scrambling with the bank around March 6, when her home was due to be sold again, until the bank extended the trial loan.
She was told that if she was able to make mortgage payment from May to July, she would most likely receive the permanent modification she wanted all this time.
The mistake had nothing to do with Chase, said Eileen Leveckis, JP Morgan Chase spokeswoman. The problem occurred when the list of foreclosed homes was printed before Takla received her loan.
Takla bought the house in 2004, with her initial mortgage payments being $1,450 and using her life savings as a down payment. Eventually, the payments grew to $2,650. Ouch.
Takla, an artist from Germany believes she is a victim of shady lenders because of her age and limited English skills.
Takla’s home remained on the auction list Monday along with 11 other homes.
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