United Law Center a Professional Law Corporation

Telephone 916.367.0630 Facsimile 866.38.698

3013 !o"#las $l%d.& '"ite (00& )ose%ille& C* 9661
Stephen J. Foondos, LL.M, General Managing Partner Julie B. Gustavson, Associate
Rando Rodriguez, Associate
Jon L. Oldenurg, Managing Partner M!les Montgo"er!, Associate
Anthon! S"ernes, Jr., O# $ounsel %. $hristopher Si"s, Associate
&ann! A. Bara', Associate
Andre $herna!, Associate
&avid Sn!der, Associate
F+) ,--.!,*T. ).L.*'. Contact/ Heather Atherton,
Atherton PR
September 29, 2014 916-316-4568
heather@athertonpr.com

Lin0a %. P11 -ort#a#e Corporation et al.
P11 -ort#a#e +rdered to $ond 2 million *#ainst Trial *ward !"rin# 11 !a3
Post4Trial Period5 Lin0a 1ome 'ta3ed from Foreclos"re !"rin# 11 !a3 Period
First Calif. case to address relief for homeowners in midst of #lo6al mort#a#e
fra"d crisis
(Roe!"##e, $A % September 29, 2014& % 'n"te( )a* $enter (')$, a pro+e"ona# #a*
corporat"on&, the $a#"+. con,mer #a* -rm #ea("n. the #"t".at"on char.e "n homeo*ner
(e+ene +or +orec#o,re an( other mort.a.e !"o#at"on, obta"ne( a !"ctor/ "n a pot-tr"a#
hear"n. +or the 0,#/ 2014 mort.a.e mo("-cat"on 1,r/ tr"a#2 )"n3a !. PHH 4ort.a.e
$orporat"on et a#. (5,ba $o,nt/ S,per"or $t. 6o. 12-0000714&. 8he ')$ team ec,re( a 95
m"##"on bon( a.a"nt the 916.2 m"##"on a*ar( to protect the 1,(.ment (,r"n. the 115 (a/
pot-tr"a# per"o(. A bon( at th" ta.e o+ the procee("n. " *"tho,t prece(ent. Ho*e!er,
the 1,(.e re:,"re( a bon( e:,a# to the #e.a# prece(ent a##o*e( +or p,n"t"!e (ama.e (10;
the compenator/ (ama.e&. An a*ar( .reater than 10; compenator/ (ama.e can be
,phe#( *"th e!"(ence o+ ,n":,e c"rc,mtance, *h"ch *"## be the ba" o+ +,t,re mot"on.
An appea# bon(, ,,a##/ one-an(-a-ha#+ t"me the 1,(.ment, ma/ be re:,"re( ho,#(
<e+en(ant (ec"(e to appea#. A(("t"ona##/, ')$ ec,re( a ta/ o+ +orec#o,re b/ *a/ o+
t"p,#at"on, pre!ent"n. PHH 4ort.a.e +rom p,r,"n. a non-1,("c"a# +orec#o,re a.a"nt 4r.
)"n3a= P#,ma )a>e home (,r"n. th" 115 (a/ per"o(. 8he ne;t pot-tr"a# hear"n. to ar.,e
the amo,nt o+ the tr"a# (ama.e " che(,#e( +or ?e(ne(a/, @ctober 8, 2014 at 9 a.m. at
the 5,ba $o,nt/ S,per"or $o,rtho,e.
An 0,#/ 2014, a 6orthern $a#"+. 1,r/ +o,n( +or the P#a"nt"B, 4r. )"n3a, a*ar("n. 9513,902 "n
(ama.e an( 915.7 m"##"on "n p,n"t"!e (ama.e a.a"nt the <e+en(ant ban> (Linza v. PHH
Mortgage&. C8h" 1,r/ (ec""on " ,nprece(ente( "n th" area o+ #"t".at"on "n $a#"+orn"a,
United Law Center a Professional Law Corporation
en("n. a c#ear mea.e abo,t *hat 1,r"e th"n> o+ arro.ant an( rec>#e ban>"n.
pract"ce, epec"a##/ o,to,rce( er!"c"n. o+ home #oan,D e;p#a"ne( Stephen Eoon(o,
+o,n(er an( en"or mana."n. partner o+ 'n"te( #a* $enter. CSer!"cer #">e PHH 4ort.a.e
ha!e en1o/e( the +ree(om o+ #"m"te( re.,#at"on "nce the "n(,tr/ e;p#o(e( "n 2012 a+ter
ban> a##e.e(#/ (ec"(e( "t *a more pro-tab#e +or them to o,to,rce mort.a.e er!"c"n.,
epec"a##/ thoe home "n (e+a,#t or +orec#o,re.D
Re.,#ator are tart"n. to reco.n"3e that th" /tem +a"# homeo*ner. An h" prepare(
remar> to the 6e* 5or> Fan>er Aoc"at"on 4eet"n. an( Gconom"c Eor,m "n Eeb. 2014,
6e* 5or> tate -nanc"a# re.,#ator Fen1am"n )a*>/ tate( that, CHre.,#ator ho,#( top
the (ramat"c .ro*th o+ non-ban> mort.a.e er!"cer to ma>e ,re the compan"e can
han(#e the b,"ne an( not p,t homeo*ner at r">D. He .oe on to a/ that, C?e are
ee"n. +ar too man/ tr,..#"n. homeo*ner .ett"n. ca,.ht "n a !orte; o+ #ot paper*or>,
,ne;p#a"ne( +ee an( a!o"(ab#e +orec#o,re.D Linza v. PHH Mortgage " the -rt 1,r/ tr"a#
to e;poe the re,#t"n. (ama.e to a homeo*ner *hen a er!"cer ma>e m"ta>e an(
(oen=t ma>e the eBort to rect"+/ them.
C4r. )"n3a= cae e;poe a nat"ona# prob#em "n the mort.a.e er!"c"n. "n(,tr/,D
e;p#a"ne( Eoon(o. C4r. )"n3a= home " a+e +rom +orec#o,re an( the 1,r/ a*ar( that he
*a .rante( rema"n ec,re, b,t there are m"##"on o+ homeo*ner o,t there *ho are t"##
be"n. !"ct"m"3e( b/ the"r mort.a.e er!"cer an( *"## cont"n,e to be *"tho,t more
re.,#at"on.D ')$ ha pec"a#"3e( "n th" area o+ #a* "nce 2008, repreent"n. o!er 1,000
"m"#ar c#"ent. ')$ " the #ar.et #a* -rm "n $a#"+orn"a pec"a#"3"n. "n homeo*ner (e+ene.
8he Linza ,"t a##e.e( that h" er!"cer breache( "t contract an( acte( +ra,(,#ent#/ "n
repect to "t b,"ne pract"ce b/ pro!"("n. a #oan mo("-cat"on b,t then repeate(#/
*"tche( the amo,nt o+ thoe pa/ment an( "n"t"ate( +orec#o,re procee("n.. 8he
+orec#o,re a#e o+ 4r. )"n3a= home *o,#( ha!e occ,rre( "n 2012 ha( ')$ not "nter!ene(.
An tota#, )"n3a an( ')$ ,e( on 11 ca,e o+ act"on "nc#,("n. +ra,(, breach o+ contract, an(
"ntent"ona# "nI"ct"on o+ emot"ona# ("tre. Fae( on a pre!"o,#/ p,b#"he( $a#"+orn"a cae
b/ ')$, Bushell v. JPMorgan/Chase (3r( <"t. $t. App. 6o. $070643&, homeo*ner "n
$a#"+orn"a ma/ ,e on a +ra,( ca,e o+ act"on +or +a#e prom"e "+ a ban> prom"e a
homeo*ner a mo("-cat"on, b,t en( ,p (en/"n. the mo("-cat"on. ')$ ha +o,r p,b#"he(
cae "n $a#"+orn"a "n th" area o+ #a*.
Homeo*ner "nterete( "n (eterm"n"n. "+ the/ ha!e a cae "m"#ar to Linza or other
#an(mar> mort.a.e rea# etate cae #">e Bushell or Glaski can !""t
***.,n"te(#a*center.com an( ta>e a +e* m"n,te to -## o,t a "mp#e +orm abo,t the"r
e;per"ence *"th the"r mort.a.e compan/ or er!"cer. @nce the +orm " comp#ete, the/ are
enco,ra.e( to contact 'n"te( )a* $enter at an( che(,#e a +ree, no-t"me #"m"t
con,#tat"on.
*6o"t United Law Center
'n"te( )a* $enter " the con,mer #a* -rm #ea("n. the #"t".at"on char.e "n homeo*ner
(e+ene +or +orec#o,re an( other mort.a.e !"o#at"on. ?"th +o,r p,b#"he( cae "n
$a#"+orn"a, 'n"te( )a* $enter " ec,r"n. cae #a* "n +a!or o+ homeo*ner -.ht"n. ban>
to >eep the"r home. 'n"te( )a* $enter protect homeo*ner a.a"nt con,mer #a*
!"o#at"on. 8o (eterm"ne "+ a homeo*ner ha a !a#"( cae, the/ are enco,ra.e( to !""t
United Law Center a Professional Law Corporation
***.,n"te(#a*center.com or ca## 916-367-0622 to che(,#e a +ree, no-t"me-#"m"t
con,#tat"on.
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