ALBORZIAN v. JPMORGAN CHASE BANK, N.A.

No. B251625.

235 Cal.App.4th 29 (2015)

AFSHEEN ALBORZIAN et al., Plaintiffs and Appellants, v. JPMORGAN CHASE BANK, N.A., et al., Defendants and Respondents.

Court of Appeals of California, Second District, Division Two.

March 12, 2015.


Attorney(s) appearing for the Case

Cohen McKeon, Michael L. Cohen , Heather M. McKeon ; Law Offices of Neil R. Anapol and Neil R. Anapol for Plaintiffs and Appellants.

Arthur D. Levy , Elizabeth S. Letcher , Noah Zinner for Housing and Economic Rights Advocates and Public Counsel as Amici Curiae on behalf of Plaintiffs and Appellants.

Arnold & Porter, Peter Obstler , Marjory Gentry and Ginamarie Caya for Defendant and Respondent JPMorgan Chase Bank, N.A.

Ellis Law Group, Mark E. Ellis and Andrew M. Steinheimer for Defendant and Respondent Professional Recovery Services, Inc.


OPINION

A lender who lends money used to purchase a parcel of property and who holds a junior lien on that property cannot sue the borrower personally for the loan balance if the senior lienholder who also contributed to the purchase of the property forecloses on the property but does not collect enough from the...

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