JPMorgan fails to thwart Wells Fargo suit over Chetrit loan 
The lawsuit Wells Fargo leveled a year ago against JPMorgan Chase and Meyer Chetrit isn’t going away. On Monday, a federal judge declined JPMorgan’s motion to dismiss the breach of contract lawsuit, Reuters reported. The judge ruled that in Wells Fargo’s capacity as the trustee for investors it met the burden for its allegation that JPMorgan was aware of a default by the Chetrit Group on a $481 million commercial real estate loan. The judge’s decision clears the way for Wells Fargo to fight for JPMorgan to repurchase the loan or pay damages. JPMorgan did not immediately respond to a […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Down Payments Are Smaller Than They’ve Been Since
2021
The Housing Market Is Stronger Than You Think
The 1 Factor That Explains Everything Happening with Home
Prices Right Now
The Croman name is back in the deal flow, featuring the next
generation
Alexander brothers swept into contraband probe at Brooklyn
detention center
How to 2X Your Cash Flow (or More) on the Property You
Already Own (Rookie Reply)
How Much Real Estate Do You Actually Need to Be
Free?
NYC’s top deals: Long Island City warehouse trades for
$16M
Now what? Rafael Cestero on the rent freeze
aftermath
If I Had to Start Over in Real Estate Today, I’d Do
This
