JPMorgan Hounded Homeowners After Short Sales, Suit Says

Law360, New York (July 20, 2012, 4:21 PM EDT) -- Financial giant JPMorgan Chase Bank NA was hit with a proposed class action Wednesday seeking more than $1 million from it and a debt collection company for allegedly continuing to hound California homeowners for debts it waived off in a short sale.

Two San Francisco residents claim the bank is attempting to recoup a debt it no longer holds any rights to and is violating the California Rosenthal Fair Debt Collection Practices Act by continuing to seek reimbursement.

Property owners Jon S. Rahoi and Yanling L....
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