BLOOMINGTON, Ind. -- Bickering between banks over who owns the mortgage to a Bloomington home could force the family living there into foreclosure.
Jonathan Partlow said he was trying to modify his family's loan with Washington Mutual when he received a notice from La Salle Bank seeking to foreclose on his property, 6News' Rafael Sanchez reported.
“We never received a notice, not even a 'You owe us money. Pay us,'" said Partlow, who claims the family has never done business with La Salle Bank.
But both banks maintain they own the home and each claim they're owed more than $1.5 million.
JP Morgan Chase also believes it has a stake in the home because it is seeking to buy bankrupt Washington Mutual and its assets, a deal that's at the center of a separate legal battle.
The Partlows have filed a lawsuit in Monroe County Circuit Court against the banks seeking to stop the foreclosure.
"As a matter of common sense, two banks can't have rights to a single debt,” said the family's attorney, Joe Williams.
Read on.
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