Legal Opinion

Jolley v. Chase Home Finance, LLC

California Court of Appeal

Decided February 11, 2013No. A134019PublishedCited by 81 opinions

1Opinion of the Court

Opinion

RICHMAN, J.

Plaintiff Scott Call Jolley and Washington Mutual Bank (WaMu) entered into a construction loan agreement in 2006, which eventually encountered problems due to alleged failures by WaMu to properly disburse construction funds. As Jolley was continuing to attempt to salvage the transaction, WaMu went into receivership with the Federal Deposit Insurance Corporation (FDIC), and in September 2008 JPMorgan Chase1 (Chase) bought WaMu’s assets through a purchase and assumption agreement (Agreement or P&A Agreement). Jolley soon stopped making payments on the loan, and in late 2009…

2Cases cited73 opinions

  1. Auto Equity Sales, Inc. v. Superior CourtCalifornia Supreme Court · 1962
  2. Cel-Tech Communications, Inc. v. Los Angeles Cellular Telephone Co.California Supreme Court · 1999
  3. Lazar v. Superior CourtCalifornia Supreme Court · 1996
  4. Biakanja v. IrvingCalifornia Supreme Court · 1958
  5. Committee on Children's Television, Inc. v. General Foods Corp.California Supreme Court · 1983

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3Cited by81 opinions

  1. Lueras v. BAC Home Loans Servicing, LPCalifornia Court of Appeal · 2013
  2. Daniels v. Select Portfolio Servicing, Inc.California Court of Appeal · 2016
  3. In re Carrier IQ, Inc.District Court, N.D. California · 2015
  4. Alvarez v. Bag Home Loans Servicing, L.P.California Court of Appeal · 2014
  5. Rockridge Trust v. Wells Fargo, N.A.District Court, N.D. California · 2013

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