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Federal Judge Grants Chase's Request To Set Aside Foreclosure Stay

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NASHVILLE, Tenn. - A federal judge in Tennessee on May 9 granted JPMorgan Chase Bank NA's (Chase) motion to set aside an order staying foreclosure proceedings, as well as the bank's motion for summary judgment, explaining that losses incurred by a borrower who filed suit "are indeed unfortunate" but "not attributable to the action (or inaction) of Chase who only assumed the loan upon the demise of WaMu $(Washington Mutual Bank$) and the appointment of the FDIC $(Federal Deposit...(read more)

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