Jolley v. Chase Home Finance, LLC
California Court of Appeal
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
- Auto Equity Sales, Inc. v. Superior CourtCalifornia Supreme Court · 1962
- Cel-Tech Communications, Inc. v. Los Angeles Cellular Telephone Co.California Supreme Court · 1999
- Lazar v. Superior CourtCalifornia Supreme Court · 1996
- Biakanja v. IrvingCalifornia Supreme Court · 1958
- Committee on Children's Television, Inc. v. General Foods Corp.California Supreme Court · 1983
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- Rockridge Trust v. Wells Fargo, N.A.District Court, N.D. California · 2013
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