JPMorgan Chase Quits 5 1/2 Year Foreclosure Case 

JPMorgan Chase Quits 5 1/2 Year Foreclosure Case 



I received some good news last week when I was getting ready to drive to Miami to testify at a foreclosure trial. My client's attorney called to inform that JPMorgan Chase was throwing in the towel. JPMorgan Chase had filed a motion to voluntarily dismiss with prejudice the foreclosure action. JPMorgan Chase had filed the action against Olympia Zacharakis in October of 2009.
“Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win”  -Sun Tzu, The Art of War
This case was a perfect example of why Florida Default Law Group ended up on the ash heap of Florida history.

Florida Default Law Group filed the suit without including a copy of the endorsed note and without a Lost Note Affidavit. They also never recorded a mortgage assignment from the FDIC to JPMorgan Chase.

MFI-Miami sent Chase Home Finance a request for the closing package and a copy of the endorsed note. JPMorgan Chase refused my request. Zacharakis' initial attorney filed a Request For Production requesting an endorsed copy of the note.

The attorney received the package of documents we both requested on December 4, 2009. It contained a copy of the note between Olympia Zacharakis and Washington Mutual Bank. Yet the note contained no endorsements

The Zacharakis file sat collecting dust in the bowels of the Miami-Dade Court House for three years.

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