Legal Opinion
Lona v. Citibank, N.A.
California Court of Appeal
Decided December 21, 2011No. H036140PublishedCited by 126 opinions
1Opinion of the Court
*95Opinion
WALSH, J.*
Responding to a mortgage broker’s “marketing enticement,” a homeowner agreed in January 2007 to refinance his home for $1.5 million. With a monthly income of only $3,333, the homeowner quickly fell behind in his monthly payments of $12,381.36. In August 2008, the home was sold at a nonjudicial foreclosure sale. The homeowner filed an action against the lender, the loan servicer, and others to set aside the trustee’s sale claiming that he was a victim of predatory lending. He claimed the transaction was invalid because the loan broker ignored his inability to repay the loan,…
2Cases cited37 opinions
- Aguilar v. Atlantic Richfield Co.California Supreme Court · 2001
- Guz v. Bechtel National, Inc.California Supreme Court · 2000
- Armendariz v. Found. Health Psychcare Servs., Inc.California Supreme Court · 2000
- Nwosu v. UbaCalifornia Court of Appeal · 2004
- Union Bank v. Superior CourtCalifornia Court of Appeal · 1995
32 more not listed; retrieve them via the Exa API.
3Cited by126 opinions
- Lueras v. BAC Home Loans Servicing, LPCalifornia Court of Appeal · 2013
- West v. JPMorgan Chase BankCalifornia Court of Appeal · 2013
- Daniels v. Select Portfolio Servicing, Inc.California Court of Appeal · 2016
- Miles v. Deutsche Bank National Trust Co.California Court of Appeal · 2015
- Rockridge Trust v. Wells Fargo, N.A.District Court, N.D. California · 2013
121 more not listed; retrieve them via the Exa API.