Legal Opinion
Gainus Wright, III and Cyd R. Wright v. JPMorgan Chase Bank, N.A.
District Court of Appeal of Florida
Decided July 1, 2015No. 4D14-565PublishedCited by 6 opinions
1Per curiam
We reverse the final judgment of foreclosure in favor of appellee JPMorgan Chase Bank, N.A., because appellee did not prove that it had standing to bring this action.
The original lender under the note and mortgage was Chase Bank, USA, N.A. There was no evidence that the note and mortgage were ever transferred from Chase Bank to JPMorgan Chase. Although there was testimony at trial that Chase Bank is a wholly owned subsidiary of JPMorgan Chase, “[a] parent corporation and its wholly-owned subsidiary are separate and distinct legal entities.... As a separate legal entity, a parent corporation…
2Cases cited4 opinions
- Wolkoff v. American Home Mortgage Servicing, Inc.District Court of Appeal of Florida · 2014
- American Intern. Group, Inc. v. Cornerstone Bus., Inc.District Court of Appeal of Florida · 2004
- Beaumont v. BANK OF NEW YORK MELLONDistrict Court of Appeal of Florida · 2012
- Federated Title Insurers, Inc. v. WardDistrict Court of Appeal of Florida · 1989
3Cited by6 opinions
- Financial Freedom Acquisition, LLC v. GriffinConnecticut Appellate Court · 2017
- Sonia J. Sanchez and Hector L. Sanchez v. SunTrust BankDistrict Court of Appeal of Florida · 2015
- THIRD FEDERAL SAVINGS AND LOAN ASSOCIAITON OF CLEVELAND v. LEAH G. KOULOUVARIS A/ K/ A LEAH KOULOUVARISDistrict Court of Appeal of Florida · 2018
- Wells Fargo Bank, N.A. v. CaldrelloConnecticut Appellate Court · 2019
- ROBERTO VIEIRA and SHAWN D. VIEIRA v. PENNYMAC CORP.District Court of Appeal of Florida · 2018
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