Big Win For Homeowners – California Supreme Court Depublishes Aspiras v. Wells Fargo

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Big Win For Homeowners – California Supreme Court Depublishes Aspiras v. Wells Fargo

Big Win For Homeowners – California Supreme Court Depublishes Aspiras v. Wells Fargo

Bergman & Gutierrez –

On August 21, 2013, the California Court of Appeal issued a negative ruling against homeowners in an area homeowners thought they were winning.

The story begins in February 2013, when the California Court of Appeals (the First District), issued a groundbreaking decision in Jolley v. Chase, which found that mortgage servicers could be held liable for negligence if they mishandled the loan modification process and caused foreseeable harm to affected homeowners. This ruling was a significant win for homeowners who had long sought to hold mortgage servicing companies accountable for fraudulent, unfair, and deceptive conduct when reviewing people for and negotiating loan modifications. The ruling was also a watershed moment for homeowners since most of the case law prior to this ruling found that banks could never be held liable for negligence in the loan modification context—no matter how egregious their conduct.

[Bergman & Gutierrez]

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One Response to “Big Win For Homeowners – California Supreme Court Depublishes Aspiras v. Wells Fargo”

  1. I had wrote a comment for the person who wants to get together with sharing 411 to “slay the dragon”, but it got erased. Being so late and all I just want to say that “I would”. I’m in foreclosure now. and I also need help. I know a little about the public side, poc’s, right to contract, presentments. What about the Holder in Due Course RULE? 16 CFR 433.2. Okay, goodnite. Hope to hear from someone who will help me educate myself, fight back, and I in turn could help someone else.

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