Federal Judge Dismisses Wrongful Foreclosure Suit Against Chase

Federal Judge Dismisses Wrongful Foreclosure Suit Against Chase

SAN JOSE, Calif. - A federal judge in California on Sept. 17 granted JP Morgan Chase Bank NA's motion to dismiss a wrongful foreclosure suit brought by a borrower who originally took out his more than $1.2 million loan with the failed Washington Mutual Bank (WaMu), refuting the borrower's argument that Chase did not require any rights regarding the loan when it purchased Chase's assets (Angel S. Lomely v. JP Morgan Chase Bank NA,  No. 12-01194, N.D. Calif.; 2012 U.S. Dist. LEXIS 132599).

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