JPMorgan Chase: We Had So Many Buy-Backs That We Had to Put This Policy in Place

JPMorgan Chase apparently has a new policy that homeowners and their attorneys should know about related to postponing the scheduled dates of trustee sales.

It seems that the giant financial institution screwed up so many times, selling homes they had promised not to sell, and then having to buy them back to fulfill their obligation, that they decided that a new policy was needed to prevent this from happening in the future. Now, they could have considered policies that would have lead to improved internal operations, perhaps as a result of the left hand knowing what the right hand is up to at any given point in time. That line of thinking, however, was obviously abandoned, if it was considered at all, in favor of a policy that would lay blame for the problem at the feet of the homeowners.