Jury finds against JPMorgan Chase in Washington County foreclosure trial

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Jury finds against JPMorgan Chase in Washington County foreclosure trial

Jury finds against JPMorgan Chase in Washington County foreclosure trial

Oregon Live-

A Washington County jury on Thursday rebuked JPMorgan Chase’s handling of a foreclosure case, ruling the nation’s second largest bank likely had broken promises it made to borrowers Bela and Eva Lengyel, resulting in the seizure of their home.

The case is believed to be the first wrongful foreclosure suit to go before a jury in Oregon since the beginning of the housing crash, though many cases have gone before judges in the state. It offers a glimpse into how juries may deal with fallout from the mortgage crisis and the way the nation’s leading banks reacted.

“If I were a transnational bank, I would be very concerned about facing juries in this state,” said attorney Terry Scannell, who represented the couple.

Bela Lengyel said he contacted the bank in November 2008 seeking to lower the monthly mortgage payments he and his wife, Eva, were making on the home where they also operate an adult foster care business. The bank told him it would help, but he had to first default on his payments, he said.

[OREGON LIVE]

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