Levy v. FCI Lender Services, Inc.

CourtDistrict Court, S.D. California
DecidedDecember 17, 2019
Docket3:18-cv-02725
StatusUnknown

This text of Levy v. FCI Lender Services, Inc. (Levy v. FCI Lender Services, Inc.) is published on Counsel Stack Legal Research, covering District Court, S.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Levy v. FCI Lender Services, Inc., (S.D. Cal. 2019).

Opinion

1 2 3 4 5 6 7 8 UNITED STATES DISTRICT COURT 9 SOUTHERN DISTRICT OF CALIFORNIA 10 11 ANNA LEVY, an individual; ANNA Case No.: 18cv2725-GPC(WVG) LEVY in a Representative capacity for her 12 late Husband, Steven Augusta, ORDER 13 Plaintiff, 1) GRANTING IN PART AND 14 v. DENYING IN PART DEFENDANT 15 KEVIN PRINCE’S MOTION TO FCI LENDER SERVICES, INC., a DISMISS WITH LEAVE TO 16 California Corporation; KEVIN PRINCE, AMEND; AND in his individual and corporate capacity; 17 MILES FARQUHAR in his individual 2) GRANTING KS CAPITAL INC.’S 18 and corporate capacity; SC FINANCIAL MOTION TO DISMISS AND SERVICES, a California Corporation; 19 MOTION FOR A MORE DEFINITE ROGER SOKOLOFF FAMILY TRUST STATEMENT WITH LEAVE TO 20 dated 6/26/17; MCKENNA DUGGAN AMEND FAMILY LIVING TRUST DATED 21 2/5/2013; JAMES GARRY HEBERT; [Dkt. Nos. 70, 78.] 22 MICHELLE HEBERT; EDGEHILL INVESTMENTS, LLC; AND KS 23 CAPITAL, INC. d/b/a PARSE 24 MORTGAGE SERVICES; and DOES 1 to 100, inclusive, 25 Defendants. 26

27 28 1 Before the Court is Defendant Kevin Prince’s motion to dismiss the first amended 2 complaint pursuant to Federal Rule of Civil Procedure (“Rule”) 8, 12(b)(1), 12(b)(6), and 3 12(b)(7). (Dkt. No. 70.) Plaintiff Anna Levy filed an opposition and Defendant replied. 4 (Dkt. Nos. 72, 77.) Defendant KS Capital, Inc. also filed a motion pursuant to Rule 5 12(b)(6), 9(b) and 12(e). (Dkt. No. 78.) An opposition and reply were filed, (Dkt. Nos. 6 95, 97). Based on the reasoning below, the Court GRANTS in part and DENIES in part 7 Defendant Prince’s motion to dismiss with leave to amend and GRANTS Defendant KS 8 Capital, Inc.’s motion to dismiss, and motion for a more definite statement with leave to 9 amend. 10 Procedural Background 11 On October 23, 2018, Anna Levy (“Plaintiff” or “Anna”), suing on behalf of 12 herself as an individual and in a representative capacity as executor of the estate of her 13 late husband, Steven Augusta (“Steven” or “decedent”), filed a complaint in the Superior 14 Court of the State of California for the County of San Diego against Defendants for 15 manipulating decedent into fraudulently obtaining a second mortgage loan in the amount 16 of $450,000 on the family home. (Dkt. No. 1-2, Compl.) Plaintiff alleges that 17 Defendants knew of decedent’s financial state, preyed on him and directed him to obtain 18 a commercial loan, to avoid compliance with the protections afforded under Truth in 19 Lending Act (“TILA”) and Real Estate Settlement Procedures Act (“RESPA”). (Id. ¶ 5.) 20 Specifically, Defendants aided Steven with manufacturing a false loan application to 21 obtain approval indicating a fraudulent “business purpose” and producing a fake lease 22 showing that the family home was being used as a rental property to create the pretense 23 that Steven generated additional income. (Id. ¶ 4.) As a result of Steven’s inability to 24 pay repay the loan and feeling the “crushing weight of his actions upon him”, he 25 committed suicide on April 18, 2018. (Id. ¶¶ 59, 190, 193.) 26 On November 30, 2018, the case was removed to this Court. (Id.) On August 5, 27 2019, pursuant to the Court’s order on Defendants Sokoloff and Edgehill’s motion to 28 strike and quash service of summons and Defendant KS Capital’s motion to dismiss, 1 Plaintiff filed the operative first amended complaint (“FAC”) alleging sixteen causes of 2 action against Defendants Miles Farquhar (“Farquhar”), Kevin Prince (“Prince”), FCI 3 Lender Services, Inc. (“FCI Lender”), SC Financial Services (“SC Financial”), the Roger 4 Sokoloff Family Trust dated 6/26/17, the McKenna Duggan Family Living Trust dated 5 2/5/2013, James Garry Hebert (“James Hebert”), Michelle Hebert (“Michelle Hebert”), 6 Edgehill Investments, LLC (“Edgehill Investments”), and KS Capital Inc., dba Parse 7 Mortgage Services (“KS Capital”). (Dkt. No. 64.) 8 The sixteen causes of action are: 1) violation of Truth in Lending Act (“TILA”) 9 and Regulation Z; 2) violation of Real Estate Settlement Procedures Act (“RESPA”); 3) 10 concealment; 4) intentional misrepresentation; 5) negligent misrepresentation; 6) 11 unlawful and unfair business practices, Cal. Bus. & Prof. Code sections 17200; 7) 12 negligence; 8) breach of fiduciary duty; 9) breach of duty of loyalty; 10) breach of 13 covenant of good faith and fair dealing; 11) declaratory relief; 12) injunctive relief; 13) 14 negligent infliction of emotional distress; 14) conspiracy to violate TILA & Regulation Z; 15 15) wrongful death based on negligence; and 16) conspiracy to commit wrongful death. 16 (Dkt. No. 64, FAC.) 17 On August 19, 2019, Defendant Prince filed a motion to dismiss which is fully 18 briefed. (Dkt. Nos. 70, 72, 77.) On September 9, 2019, Defendants FCI Lender Services, 19 Inc., Miles Farquhar and SC Financial Service filed their First Amended Answers. (Dkt. 20 Nos. 74-76.) Pursuant to a joint motion, the Lender Defendants, Roger Sokoloff, Trustee 21 of the Roger Sokoloff Family Trust; Thomas McKenna and Bridgette Duggan, Trustees 22 of the McKenna-Duggan Family Living Trust; and Edgehill Investments were granted an 23 extension of time to file their response until November 22, 2019. (Dkt. Nos. 83, 84.) On 24 September 16, 2019, Defendant KS Capital, Inc. filed a motion to dismiss or for a more 25 definite statement which is also fully briefed. (Dkt. Nos. 78, 95, 97.) 26 Factual Background 27 Decedent Steven Augusta lived at 122 North Helix Avenue, Solana Beach, CA 28 92075, the Family Home, with his wife, Anna Levy and their two daughters, ages 9 and 1 11. (Dkt. No. 64, FAC ¶ 3.) The Family Home was never rented or leased from January 2 1, 2007 through the present. (Id. ¶ 35.) Anna was married to Steven from March 21, 3 2007 until his death on April 18, 2018. (Id. ¶ 36.) Anna and Steven separated on January 4 21, 2018. (Id. ¶¶ 36, 58.) During the marriage, the decedent handled all of his finances 5 until his death on April 18, 2018. (Id. ¶ 36.) Anna had no knowledge about any of 6 Steven’s actions concerning the fraudulent loan. (Id. ¶ 38.) 7 Steven and Defendant Prince were friends before engaging in the alleged 8 fraudulent loan. (Id. ¶ 40.) Around September 2017, Steven consulted with Prince about 9 taking out a second mortgage on the Family Home in the amount of $450,000. (Id. ¶ 37) 10 Because Steven was not able to obtain a conventional loan, with the help of Prince, he 11 created fake information and documents to obtain a loan. (Id. ¶¶ 39, 40.) Prince advised 12 Steven on the procedures he needed to take to obtain the loan. (Id. ¶ 40.) For example, 13 Prince told Steven to falsely state he sought a business loan in order to “fund his 14 municipal bond business.” (Id.) They created a fake lease agreement to represent that 15 the Family Home was a rental property, when it was not, in order to create the appearance 16 that Steven earned more income than he really made so he could qualify for the loan. 17 (Id. ¶ 39, 40; id., Ex. 1.) 18 With Prince’s guidance and instruction, Steven completed and signed a Uniform 19 Residential Loan Application where Steven wrote his monthly income was $30,000 per 20 month even though he was actually making a little over $100,000 per year. (Id. ¶ 41.) 21 In September 2017, Steven approached two lending companies and received conditional 22 approval letters but those companies ultimately decided against providing the loan. (Id. ¶ 23 43.) Then Prince put Steven in touch with Defendant Farquhar and his own company, 24 Defendant SC Financial. (Id. ¶ 45.) Despite apparent discrepancies in the loan, SC 25 Financial extended a loan to Steven. (Id.) Farquhar knew or should have known the 26 terms of the loan were fraudulent. (Id. ¶¶ 47, 48.) Defendant FCI Lender serviced the 27 loan and collected the payments from Steven until his death on April 18, 2018. (Id.

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Levy v. FCI Lender Services, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/levy-v-fci-lender-services-inc-casd-2019.