Thursday, January 21, 2016

Coker v. JPMorgan Chase Bank (Cal. Supreme Ct. - Jan. 21, 2016)

The bank generally can't collect a deficiency judgment when it forecloses on your home.  But can it do so when it agrees to a short sale in lieu of foreclosure?

Of course it can't.  As the California Supreme Court unanimously holds.

That's a entirely just, and correct, result.

And JPMorgan Chase Bank is a complete jerk for arguing otherwise.