Tim Collette: Credit Score of 810, DownPayment of $100,000 – Still Foreclosed On

I’m looking for a good Samaritan – a person with available funds to help a deserving person. Tim Collette’s home is being foreclosed on. He bought the home in 2006 when his credit score was 810 (out of a possible 850), and he made a $100,000 downpayment. In 2008 he lost his job. Chase bank advised him to skip two payments so that he would be eligible for mortgage modification. He did that in 2009 and entered into a “forbearance agreement” with Chase Bank. Like the nightmare scenarios we have heard about, they basically tortured him for a year and ended with turning down his modification request.

Aaron Collette with Dad, Tim Collette

Tim Collette’s story is not the typical story of the unqualified buyer, who was not required to “qualify” for his home, and who the lender knew could not afford his house. We have hundreds of thousands of those stories – buyers who had no equity in their homes and just walked away because they had little-to-nothing invested from their own pocket. Collette went into his ownership with $100,000 of his own money.

Surely there is someone out there who can help this man, and give him the money to save his home until he can get back on his feet. To be clear, Collette is not asking for help. He’s simply asking that Chase put off the foreclosure until after August when his son, Aaron Collette, will return for RR from a year-and-a-half deployment in Iraq – still a dangerous place to be – where his squad recently was involved in an IED explosion.

As infuriating as it is that a soldier’s family might lose their home, even without that backstory, what Chase is doing is reprehensible – especially in light of how Collette bought his property.

If you are wealthy, and would like to help a DESERVING family, please read all the details of Tim Collette’s story here. Disclaimer: I do not personally know anyone involved in this story.


  • I just stumbled upon your post from a friend who posted this on Facebook. I would like to help in anyway I can so I am offering you this website. This site deals with mortgage fraud and since I have been involved with mortgage fraud issues I have not seen one note that was not fraudulent and unenforceable. There is the soldiers and sailors act which should protect him. If you would like further information after viewing the site you can contact my husband, the CCO of Endless Fraud Detection at steve@endlessfrauddetection.com

  • Hi Maggie! 😀

    I like your effort! Unfortunally I don’t have that kind of $$$$$$$$$$$$$$$$$
    laying around… -at the mom LOL- But if we ‘all’ tossed in just a few bucks, wouldn’t that make a ‘fortune’ too?
    I signed a petition and was looking for an account or info on how to donate a little money (and stumbled upon your site), but ……….. 🙁

  • Derek Whalen

    I signed the petition and have spread the word on Facebook. I believe a class action lawsuit should be organized against predatorial banks. Yet, Uncle Sam won’t close the “loopholes” that let it happen. The real enemy is the bank whose hand controls the strings. Sadly, the government is their puppet. I think ALL lawmaking decisions should be voted upon by the people and for the people, not by the government for the banks. I stand you, brother.