Quimbee logo
DMCA.com Protection Status
From our private database of 18,800+ case briefs...

Paatalo v. JPMorgan Chase Bank

United States District Court for the District of Oregon
2015 WL 7015317 (2015)


William Paatalo (plaintiff) owned a home in Oregon that was secured by a mortgage loan. In 2006, Paatalo refinanced the mortgage loan on his property with Washington Mutual Bank, F.A. (WaMu). Paatalo later suspected WaMu of fraudulently inflating the appraised value of his property and falsifying the income on his loan application. Paatalo also believed that WaMu had violated provisions of the Truth in Lending Act (TILA), 15 U.S.C. §§ 1601 et seq., by failing to provide him with necessary notices of rescission. In 2008, Paatalo sent a notice of rescission to WaMu, which was declined. Paatalo then filed suit against WaMu. While the case was pending, WaMu recorded a notice of default and election to sell regarding Paatalo’s property. JPMorgan Chase Bank (JPMorgan) (defendant) purchased the property at a foreclosure sale. Paatalo filed suit against JPMorgan, seeking a declaratory judgment that (1) Paatalo was the owner of the property, (2) the foreclosure was null and void, and (3) all documents filed after Paatalo gave WaMu notice of rescission were null and void. JPMorgan moved to dismiss for failure to state a claim, contending that Paatalo had failed to complete the steps necessary for rescission by filing a lawsuit against WaMu prior to his notice of rescission.

Rule of Law


Holding and Reasoning (Aiken, C.J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 499,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 499,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 18,800 briefs, keyed to 985 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial