Alleged Illegal Foreclosure By JPMorgan Chase Against Vet

 JPMorgan Chase filed a Quit Claim Deeded to Fannie Mae on March 1, 2012. This is also about halfway through Reed’s redemption period:

This Quit Claim Deed is invalid for a number of reasons. It is important to remember Fannie Mae doesn’t just “buy” properties on a whim. They also don’t travel the country buying them at Sheriff’s Sales. Foreclosure mills like to promote this myth. Matter of fact, they don’t buy anything at all because they already have an ownership interest.

The Quit Claim Deed indicates that Fannie Mae is purchasing this property for the sum of $1.00. This document also served two purposes. Fannie Mae already owned it and because JPMorgan Chase is attempting to dodge the Michigan Real Estate Transfer Tax.  Either way, I would argue that the Deed would be invalid.

JPMorgan Chase Is Playing With Fire By Messing With America’s Best 

Let’s face it, it’s just not cool to jerk around combat veterans especially Green Berets or Navy SEALs. It’s just being bad karma and it makes you look like an ingrate. These guys dodged bullets and in some cases took a bullet for the rest of us. 

JPMorgan Chase faces many consequences for jerking around Jeff Reed. The consequences range from hundreds if not thousands of letters from members of the Veterans of Foreign Wars and boycotts by other veterans groups. Furthermore, they could create a Ruby Ridge-style situation. 

The Department of Defense has done a tremendous amount of work helping our military deal with issues from their combat experiences since the end of the Vietnam War. It’s highly unlikely that Chase could trigger the switch in Jeff Reed’s head. A switch that could turn him into John Rambo from the movie, First Blood.   

It’s bad public relations for JPMorgan Chase to be jerking around a guy who dodged bullets so the rest of us didn’t have to. JPMorgan Chase’s Chairman, Jamie Dimon can kiss any shot of becoming the next U.S. Treasury Secretary goodbye if JPMorgan Chase pursues this.