JP Morgan Bank Drops Foreclosure Attempt on 100-Year Old WWII Veteran After NY Post Report
One of the biggest banks in the United States is giving up on a sleazy attempt to foreclose on the home of a 100-year old World War II veteran, after the New York Post reported on the legal actions that JP Morgan Chase was taking against James Been last week.
The multinational investment bank, with holdings of more than $2.5 trillion dollars, had been trying to foreclose on Been’s home in the Bedford-Stuyvestant neighborhood of Brooklyn. Attorneys for JP Morgan had filed a foreclosure claim in the court system after Been ceased making payments on a $100,000 loan his now-deceased wife had taken out with him in 2006, claiming that he hadn’t been involved in the issuance of the loan and that it was improper for the bank to issue it to a man in his 80’s.
After the Post’s report on the matter, JP Morgan humbly confirmed that they were giving up on the attempt to evict a 100-year old man from the home owned by his family for generations. “Mr. Been will not be evicted from his home and the loan will be forgiven,” said a bank spokesperson.
Been had served in the segregated 93rd Infantry Division during World War II, seeing action in the South Pacific theater of the war. The centenarian described many of his experiences in the armed forces and living in the United States when many communities practiced segregation in his initial profile by the Post. He went on to have a career as a trolley operator and bus driver before retiring.
Fortunately, it appears the shaming of the rapacious financial interests has ensured the veteran will keep his home.