UPDATE: Gary Snyder has posted the following statement at Indiana Talks from Don Bates' campaign in response to the mortgage foreclosure filed on their family home in which Bates claims that the bank filed the foreclosure action in error while he and his wife were in the process of refinancing their mortgage:
“Recently, when Amy and I found out we were going to have twins we decided to refinance our mortgage and started the loan modification process. Sadly, the loan modification process has been fraught with errors for millions of Americans, which is why every responsible homeowner has to vigilantly follow this process so they can fix problems when they pop up.”
“The filing is nothing more than a clerical error from a large bureaucratic national bank that has already apologized for the mistake and is taking steps to remedy the situation quickly.”
“It is unfortunate that my political opponents would resort to backroom gossip without all the facts in an effort to impugn my integrity. They should be ashamed of themselves.”For the record, this blog has not endorsed any of the Republican candidates for State Treasurer. Readers will note that I posted information about a collections suit filed early last month against Wayne Seybold on an alleged amount due on his American Express card, which was subsequently dismissed after the debt disputed by Seybold was resolved with the bank card issuer.
UPDATE (2-3-14): Don Bates has provided to Indiana Talks' Gary Snyder a letter from the local Chase bank branch manager, Ryan Chalfant, indicating that "all documents have been received and are in good order" regarding a "loan modification" that is "currently under review" . . . We apologize for any inconveniences this may have caused and are working to complete this process as soon as possible." Am I missing something? I don't see an admission of a bank error in filing the foreclosure action; only that the bank has now received the documents it needs to modify Bates' original mortgage.