Plaintiff inherited a home from his mother and obtained a loan from Washington Mutual shortly thereafter. Plaintiff paid his property taxes directly to the tax assessor. Plaintiff then transferred the home to his personal trust. Upon the transfer to his trust, the tax assessor mistakenly reassessed the value of Plaintiff’s home and increased his property taxes.
Plaintiff disputed the increase with the tax assessor and advised his lender (Washington Mutual transferred to Chase) of the mistake. The tax assessor corrected the mistake and Chase was informed of the correction. Chase, nevertheless, made the incorrect payment to the tax assessor and escrowed Plaintiff’s taxes thereby increasing Plaintiff’s monthly payments to Chase. Chase initiated foreclosure proceedings. A foreclosure sale has not yet taken place.
LAWSUIT IS ONGOING