Local vet & single father fights for home
Penfield, N.Y. – In 2000, David Printy bought a home in Penfield for his family. Seven years later, the single father of three and Navy veteran fell on hard times. A back injury from his time in the service forced him to quit his job; physically he could not do the required travel. He turned to his savings to pay the mortgage, until it was gone. In 2009, he went into foreclosure. “I haven’t been able to give [my kids] a lot,” Printy said while holding back tears. “But keeping them in their home is the one thing I’ve been able to do.” In 2010, Printy tried to make his mortgage payments affordable. Through his lender, Chase Bank, he applied for the Home Affordable Modification Program (HAMP). “This is a typical packet I send in with all the information [Chase] ask for,” said Printy, while displaying a substantial stack of papers. “And then they send a letter that this, this and this is missing and then I send a letter showing no it’s here, here and here, it’s all indexed page numbered everything and we resend it anyway.” Printy and his lawyer from the Empire Justice Center, have been sending packet after packet, paper after paper to Chase since 2010. The program, designed to help homeowners struggling to pay their mortgage, has turned into hours of paperwork, stress and added debt for Printy. “If they had done it then [accepted his HAMP application] they could have reduced my interest by two points and it would have fit the guidelines and I could have been paying them since 2011,” he explained. “But since they stall, and stall, and stall and now with the interest and legal fees and penalties what I have to pay, it’s over $200,000.” Printy owed about $137,000 on his mortgage when the process started. “I’m not trying to get out of paying for the house, I never was all. What I wanted to do was if they could help me out and reduce the interest a little bit, like they agreed to do with the HAMP program, they could get their money they could have been getting their money since 2011,” Printy said. Printy’s HAMP application hasn’t been denied, but it hasn’t been accepted either. A spokesperson with Chase Bank’s parent company, JPMorgan Chase & Co. said in an email: “Unfortunately, we cannot disclose customer account information with unauthorized parties. Additionally, we are actively working with Mr. Printy and his authorized third-parties and hope to bring this to a close soon. Customers looking for mortgage modifications under HAMP or other programs are required to apply and submit timely financial records and are reviewed through an underwriting process similar to customers applying for a mortgage. This standard process determines whether or not one is approved for a modification or not.” Printy filed a complaint against his lender in February 2015 with the Consumer Financial Protection Bureau. Congresswoman Louise Slaughter’s office tells 13WHAM they are looking into Printy’s case. In the meantime, he worries every day it could be the day the bank takes his home. “It’s not right. They shouldn’t be able to do this to people,” Printy said.
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