| Re: Is JP Morgan Chase Bluffing?
There is not doubt that they are better at the you blink who blink no blink game than the average consumer. They have a leg to stand on particularly with the fact that the funds were withdrawn in such a large amount and at one time. They know that you are no longer living in the house.....2+2=4.....they know where the funds went....they want some form of repayment as you did in their minds benefit from the use of the funds to a greater extent.
Do I think they are bluffing, no I really do not, is this personal on their part, no, so my best advise in this situation is to use an attorney to negotiate for you. This is not one that they will drop in my less than humble sneaky, long term lender mind. Believe me I know how they think, they are rather single minded on this one. They would not be alone either, if this were WAMU, BofA, whomever, the position would be the same. Yes they waited until the last minute....they are very, very shrewd the boyz at JP Morgan Chase.....very, very tough as well.
In cases where the property is the only primary and there would be no other property involved I do not believe that you would be facing this issue quite this way. I believe there would be a greater degree of forgiveness, however in this case I suspect they have weighed the issues and taken this stance. |