Foreclosure dismissed because Chase doesn’t have the authority
This is interesting. A judge dismissed a foreclosure action with prejudice (meaning they can never try to foreclose again) after ruling that Chase, as an intermediary and not the owner of the mortgage debt, did not have the authority to foreclose.
It is not clear from the blog post all the circumstances that led up to this decision, so it isn’t clear if it might apply to a broader base of Chase mortgage holders where the loan has been sold off.
Foreclosure | admin May 16, 2010
