Cocchia v. LendingHome Funding Corporation

CourtDistrict Court, W.D. Texas
DecidedApril 15, 2020
Docket5:20-cv-00066
StatusUnknown

This text of Cocchia v. LendingHome Funding Corporation (Cocchia v. LendingHome Funding Corporation) is published on Counsel Stack Legal Research, covering District Court, W.D. Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cocchia v. LendingHome Funding Corporation, (W.D. Tex. 2020).

Opinion

UNITED STATES DISTRICT COURT WESTERN DISTRICT OF TEXAS SAN ANTONIO DIVISION

CHELSEA COCCHIA,

Plaintiff,

v. No. SA-20-CV-00066-JKP

LENDINGHOME FUNDING CORPO- RATION,

Defendant.

ORDER On this date, the Court considered Defendant, LendingHome Funding Corporation’s (“LendingHome”), Motion to Dismiss for Failure to State a Claim. ECF No. 2. Plaintiff Chelsea Cocchia (“Cocchia”) did not respond. Upon consideration, the Court concludes LendingHome’s motion to dismiss has merit and shall be GRANTED.

STANDARD Federal Rule of Civil Procedure 8(a) requires a pleading to contain “a short and plain statement of the claim showing that the pleader is entitled to relief.” Fed. R. Civ. P. 8(a)(2). Up- on motion by a party, a case must be dismissed when the allegations asserted in the Complaint fail to state a claim upon which relief may be granted. Fed. R. Civ. P. 12(b)(6). To defeat a mo- tion to dismiss pursuant to Rule 12(b)(6), a plaintiff must plead “enough facts to state a claim to relief that is plausible on its face.” Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009) (quoting Bell Atl. Corp. v. Twombly, 550 U.S. 544, 570 (2007)). In reviewing a Rule 12(b)(6) motion, the Court must accept all well-pleaded facts in the complaint as true and view them in the light most favorable to the plaintiff. Severance v. Patter- son, 566 F.3d 490, 501 (5th Cir. 2009); Sonnier v. State Farm Mut. Auto. Ins. Co., 509 F.3d 673, 675 (5th Cir. 2007). Dismissal under Rule 12(b) (6) is proper not only where the plaintiff fails to plead sufficient facts to support a cognizable legal theory, but also where the plaintiff fails to

allege a cognizable legal theory. Kjellvander v. Citicorp, 156 F.R.D. 138, 140 (S.D. Tx. 1994)(citing Garrett v. Commonwealth Mortgage Corp., 938 F.2d 591, 594 (5th Cir. 1991). “A complaint lacks an ‘arguable basis in law’ if it is based on an indisputably meritless legal theory or a violation of a legal interest that does not exist.” Residents Against Flooding v. Reinvestment Zone No. Seventeen, City of Houston, Texas, 260 F. Supp. 3d 738, 756 (S.D. Tx. 2017), aff’d sub nom., 734 Fed. Appx. 916 (5th Cir. 2018)(quoting Ross v. State of Texas, Civ. A. No. H-10- 2008, 2011 WL 5978029, at *8 (S.D. Tex. Nov. 29, 2011). “Generally, a court ruling on a 12(b)(6) motion may rely on the complaint, its proper at- tachments, documents incorporated into the complaint by reference, and matters of which a court

may take judicial notice.” Randall D. Wolcott, M.D., P.A. v. Sebelius, 635 F.3d 757, 763 (5th Cir. 2011) (citations omitted). A court may also consider documents that a defendant attaches to a motion to dismiss if they are referred to in the plaintiff’s complaint and are central to the plain- tiff’s claims. Collins v. Morgan Stanley Dean Witter, 224 F.3d 496, 498-99 (5th Cir. 2000). UNDERLYING FACTS On January 6, 2020, Cocchia filed an Original Petition for Declaratory Judgment and Application for Temporary Restraining Order and Injunctive Relief against LendingHome in Texas state court. ECF No. 1, Exhibit 2, B-1. Cocchia sought to enjoin foreclosure of certain real property scheduled for January 7, 2020. Id. In her Original Petition, Cocchia asserts she “purchased the property with an LLC, at the behest of the original mortgagee, for the initial purpose of using the property as a rental”; how- ever, she also admits she began “using the property as her homestead.” Id. at ¶ 8. Cocchia alleg- es the subject property was posted for foreclosure to occur on January 7, 2020, and she had “a buyer ready, willing and able to close in February 2020 on a short sale, approved by

[LendingHome].” Id. at ¶¶ 7, 17-18. Cocchia further alleges that, in compliance with certain pro- visions of the Real Estate Settlement Procedures Act (RESPA), she sent Lendinghome a quali- fied written request (QWR) but did not yet receive a response. Id. at ¶¶ 19-23. Finally, Cocchia alleges, as required by RESPA, she submitted a loss mitigation application and was approved for a short sale but has not yet received a denial letter. Id. at ¶¶ 24-29. Based on these allegations, Cocchia asserts causes of action for violations of the “dual tracking provision” of 12 C.F.R 1024.35(b)(9), (10), 1024.35(e)(3)(i)(B), 1024.35(i)(2) and 1024.41(g), codified in the Real Estate Settlement Procedures Act, 12 U.S.C. § 2605. Id. at ¶¶ 30-41. Under these provisions, Cocchia asserts LendingHome was required to respond to her

QWR letter and correct any errors, as well as provide a loss mitigation rejection letter prior to any foreclosure of the subject property. As remedies, Cocchia seeks a declaratory judgment that Plaintiff must respond to her QWR and provide a loss mitigation rejection letter. She also seeks recovery of attorney fees and injunctive relief preventing foreclosure. Id. at ¶¶ 43-52. In addition, Cocchia sought an ex parte temporary restraining order enjoining LendingHome from foreclosing on the subject property on January 7, 2020. Id. The state court issued an ex parte temporary restraining order and set the application for a hearing on January 17, 2020. ECF No. 1, Exhibit 2, Exhibit B-2. This cause was removed to this Court on January 16, 2020. ECF No. 1. DISCUSSION Cocchia asserts LendingHome committed violations of specific provisions under RESPA. RESPA is a consumer protection statute to promote transparency and communication between borrowers and lenders. To do so, the statute sets out specific notice and disclosure requirements with which servicers of federally-related mortgage loans must comply. See 12 U.S.C. § 2605.

Servicers who fail to comply with these requirements are liable to borrowers for any actual dam- ages incurred by the borrowers because of such failure. 12 U.S.C. § 2605(f)(1)(A). While the specific provisions Cocchia asserts LendingHome violated do regulate servic- ing of mortgage loans and the duty of a loan servicer to respond to borrower inquiries, specifical- ly with regard to a QWR and a loss mitigation rejection letter, these regulations do not apply to this particular transaction. This transaction is specifically exempted from RESPA regulations pursuant to the business purpose exception. Specifically, RESPA does not apply to “credit trans- actions involving extensions of credit--(1) primarily for business, commercial, or agricultural purposes. . . .” 12 U.S.C. § 2606(a)(1).

In her Original Petition, Cocchia admits she “purchased the property with an LLC . .

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Related

Collins v. Morgan Stanley Dean Witter
224 F.3d 496 (Fifth Circuit, 2000)
Sonnier v. State Farm Mutual Automobile Insurance
509 F.3d 673 (Fifth Circuit, 2007)
Hall v. Hodgkins
305 F. App'x 224 (Fifth Circuit, 2008)
Severance v. Patterson
566 F.3d 490 (Fifth Circuit, 2009)
Bell Atlantic Corp. v. Twombly
550 U.S. 544 (Supreme Court, 2007)
Ashcroft v. Iqbal
556 U.S. 662 (Supreme Court, 2009)
RANDALL D. WOLCOTT, MD, PA v. Sebelius
635 F.3d 757 (Fifth Circuit, 2011)
Kjellvander v. Citicorp
156 F.R.D. 138 (S.D. Texas, 1994)

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Cocchia v. LendingHome Funding Corporation, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cocchia-v-lendinghome-funding-corporation-txwd-2020.