Mealey's Antitrust/Unfair Competition - UCL Claim For Short-Sale Payment Falls With Other Claims, Federal Judge Rules

SACRAMENTO, Calif. - A federal judge on March 17 dismissed a home seller's claim that a bank's practice of requiring monetary contributions from defaulting purchasers of real property in exchange for its agreement to allow a short sale of the property violates California's unfair competition law (UCL), finding that other claims on which the UCL claim is predicated are barred by statutes of limitations and lack merit (Jason Hunt v. Wells Fargo Bank, N.A., et al., No. 2:13-cv-02435, E.D. Calif.; 2014 U.S. Dist. LEXIS 35330).

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