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A suit claiming a non-judicial foreclosure Chase started over a house Todd Rundgren and his wife bought in Hawaii should be invalidated was rejected Tuesday (7/29) by a Ninth Circuit Court of Appeals.  The Rundgrens had contended that a bank filed an application with incorrect information about the couple's assets on an application for the $3 million mortgage on the Kilauea, Kauai home the couple bought.  Foreclosure action initiated in 2009 was challenged by the Rundgrens in a District Court claim seeking a blocakge of the sale and damages.  The court ruled that it could not invalidate the foreclosure because couple had failed to exhaust administrative remedies, a requirement of the Financial Institutions Reform.  The Court of Appeals decision this week upheld the finding of the District Court.

MetNews.com