MFI-Miami, LLC

December 04, 2012 07:00 ET

MFI-Miami Warns JPMorgan Chase Foreclosure Against Former Green Beret Could Destroy Jamie Dimon's Chances at Becoming Treasury Secretary

DETROIT, MI--(Marketwire - Dec 4, 2012) - Steve Dibert, President of MFI-Miami, an internationally recognized leader in investigating mortgage fraud, wrote on his website that the rogue foreclosure against Jeffrey Reed, a former Green Beret, by JPMorgan Chase, could destroy Jamie Dimon's chances of becoming the next U.S. Treasury Secretary.

MFI-Miami claims this nightmare began for the Reeds after they signed a loan modification agreement with JPMorgan Chase in 2010. After Mr. Reed made several payments on the modification agreement, JPMorgan Chase allegedly reneged on the deal and through their attorneys began a process referred to as "Dual Tracking." This is a process in which a mortgage servicer makes the homeowner believe the servicer is working on their behalf when in reality the servicer is covertly foreclosing on them.

Aside from allegedly reneging on a contract, MFI-Miami believes JPMorgan Chase violated several Michigan laws during the foreclosure and failed to pay the Michigan Real Estate Transfer Tax when JPMorgan Chase deeded the house to Fannie Mae. These documents are available on MFI-Miami's website.

"Let's face it, it's just not cool to jerk around veterans especially Green Berets or Navy SEALs," MFI-Miami President Steve Dibert explains. "Aside from it being bad karma to jerk around veterans, it makes you look un-American and like an ingrate since men like Jeff Reed dodged bullets for the rest of us who didn't have the cojones to sign up."

JPMorgan Chase CEO Jamie Dimon could be the one who faces the most serious repercussions for the actions that JPMorgan Chase management has taken against Jeff Reed since Dimon is on the short list to be nominated as the next U.S. Treasury Secretary. Any bad decisions by JPMorgan Chase management in Reed's fight to keep his home could destroy Dimon's chances of being nominated or being confirmed.

"This is a clear sign that the management at JPMorgan Chase and their attorneys have lost all sense of reality when it comes to dealing with not only homeowners but with combat veterans," said MFI-Miami President Steve Dibert, "First of all, you shouldn't jerk around veterans and you especially don't pick a fight with someone who's been trained in guerilla warfare, to ignore pain, to ignore weather, to live off the land and to eat things that would make a billy goat puke."

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