Gillies v. JPMorgan Chase Bank, N.A.

*909 "The purpose of the law of contracts is to protect the reasonable expectations of the parties." ( Ben - Zvi v. Edmar Co. (1995) 40 Cal.App.4th 468 , 475, 47 Cal.Rptr.2d 12 .) This principle applies to the law of "mortgages." A person who borrows money from a bank to purchase or refinance a home has a reasonable expectation that the bank will fund the loan. The bank has a reasonable expectation that monthly mortgage payments will be made. Here, appellant's reasonable expectations were met. The bank's were not. Nonpayment of the mortgage for approximately eight years while the borrower remains…