Matthew V. Vaughan and Amy A. Vaughan v. Federal National Mortgage Association, Movement Mortgage, LLC, Compass California II, Inc., and Old Republic National Title Insurance Company

CourtDistrict Court, N.D. California
DecidedDecember 18, 2025
Docket4:25-cv-00479
StatusUnknown

This text of Matthew V. Vaughan and Amy A. Vaughan v. Federal National Mortgage Association, Movement Mortgage, LLC, Compass California II, Inc., and Old Republic National Title Insurance Company (Matthew V. Vaughan and Amy A. Vaughan v. Federal National Mortgage Association, Movement Mortgage, LLC, Compass California II, Inc., and Old Republic National Title Insurance Company) is published on Counsel Stack Legal Research, covering District Court, N.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Matthew V. Vaughan and Amy A. Vaughan v. Federal National Mortgage Association, Movement Mortgage, LLC, Compass California II, Inc., and Old Republic National Title Insurance Company, (N.D. Cal. 2025).

Opinion

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 MATTHEW V. VAUGHAN, et al., Case No. 25-cv-00479-DMR

8 Plaintiffs, OMNIBUS ORDER ON MOTIONS TO 9 v. DISMISS AND MOTION TO RECONSIDER DISCOVERY ORDER 10 FEDERAL NATIONAL MORTGAGE ASSOCIATION, et al., Re: Dkt. Nos. 44, 46, 49, 56, 66, 75 11 Defendants. 12 13 Plaintiffs Matthew V. Vaughan and Amy A. Vaughan, who are married, filed the operative 14 first amended complaint (“FAC”) against Defendants Movement Mortgage, LLC (“Movement”), 15 Federal National Mortgage Association (“Fannie Mae”), Compass California II, Inc. (“Compass”), 16 and Old Republic National Title Insurance Company (“Old Republic”) alleging that they were the 17 victims of an unlawful real estate transaction. [Docket No. 41 (FAC).] The four Defendants move 18 to dismiss all claims against them in their entirety. [Docket Nos. 44 (Old Republic MTD); 46 19 (Fannie Mae MTD); 49 (Compass MTD); 56 (Movement MTD).] Plaintiffs oppose. [Docket 20 Nos. 50 (Old Republic Opp’n); 51 (Compass Opp’n); 52 (Fannie Mae Opp’n); 60 (Movement 21 Opp’n).] 22 The court held a hearing on the motions. At the hearing, the court ordered that limited 23 discovery shall proceed. [Docket No. 72 (Minute Order).] Plaintiffs filed a motion for leave to 24 file a motion for reconsideration of the discovery order. [Docket No. 75 (Recon. Mot.).] For the 25 following reasons, Defendants’ motions to dismiss are granted. Plaintiffs’ motion for leave to file 26 a motion for reconsideration of the discovery order is denied. 27 I. BACKGROUND 1 A. Statement of Facts 2 Plaintiffs make the following allegations in the FAC, which the court takes as true for 3 purposes of this motion.1 The case revolves around Plaintiffs’ purchase of a unit in the “Trask 4 Lofts,” a condo project located at the corner of Trask Street and Kingsland Avenue in East 5 Oakland. FAC ¶ 17. The Trask Lofts consists of a single building with five contiguous two-story 6 loft-style units. Id. Plaintiffs’ unit will be referred to as “Unit 5410.” Id. ¶ 16. 7 Compass listed Unit 5410 in December 2020 as “a new residential condo.” FAC ¶ 276. 8 Between January 24, 2021 and January 26, 2021, Plaintiffs approached Compass agent Jason 9 Mitchell and Movement mortgage broker J. Jay Simmons about potentially purchasing Unit 5410 10 with conventional financing. Id. ¶ 28. Compass provided “real estate sales services,” and 11 Movement provided “conventional mortgage origination services.” Id. ¶ 30. Plaintiffs informed 12 the Compass and Movement agents that they were looking for a residential unit they could 13 purchase at an affordable price and ultimately sell so they could buy a new home. Id. ¶¶ 27-28. 14 Simmons assured Plaintiffs that Movement was “legally required to perform a full condominium 15 project review and verify the legality and marketable value of the property through a qualified 16 appraisal, among other things, consistent with Fannie Mae’s underwriting standards.” Id. ¶ 58. 17 Movement provided Plaintiffs with a pre-approval letter for conventional financing on January 27, 18 2021. Id. ¶ 56. Plaintiffs allege that Movement never conducted a full condo project review. Id. ¶ 19 76. 20 On January 25, 2021, Plaintiffs requested information from Compass agent Mitchell about 21 why the listing price for Unit 5410 had not decreased despite the property being on the market for 22 45 days. Id. ¶ 288. Mitchell responded that there had been a prior interested buyer who 23 unexpectedly backed out of the sale, so the price only appeared to be stagnant. Id. ¶ 289. Mitchell 24 did not disclose that the unit had previously been on the market for an additional 95 days. Id. ¶ 25 290. 26

27 1 When reviewing a motion to dismiss for failure to state a claim, the court must “accept as true all 1 Plaintiffs asked Mitchell multiple times whether the condo project was lawfully created. 2 Id. ¶ 295. Mitchell responded that Unit 5410 “could not have been sold by the developer as a new 3 residential condo unless the property was properly subdivided into residential condo parcels in 4 connection with a city-authorized residential common interest development.” Id. ¶ 296. Mitchell 5 also represented that the condo was considered a new construction in 2019 and it could not have 6 been sold unless “construction was complete and compliant with then-applicable building and 7 development standards.” Id. ¶ 298. Mitchell assured them that the construction “had to meet 8 minimum building standards for it to be occupied.” Id. ¶ 300. Mitchell also stated that Plaintiffs 9 could trust the residential real estate appraisal and Movement’s purchase loan approval to know 10 with reasonable certainty that Unit 5410 had marketable value as a residential condo at $595,000. 11 Id. ¶¶ 301-302. 12 Plaintiffs also inquired about the developer of Trask Lofts, Vincent Hayes, being the 13 president or manager of the Trask Lofts HOA despite having sold all of the units. Id. ¶¶ 304-305. 14 Mitchell represented that Hayes was a paid HOA manager who worked at the direction and for the 15 benefit of the Trask Lofts owners. Id. ¶ 306. However, Plaintiffs allege that Hayes was not a 16 legitimate property manager for Trask Lofts and that his ongoing involvement with the HOA was 17 a “major conflict of interest against the interests of the Trask Lofts owners.” Id. ¶¶ 309, 318. 18 Old Republic had prepared a preliminary title report and offer of title insurance dated 19 December 1, 2020 for use in offering Unit 5410 for sale as a residential condo. Id. ¶ 398. On 20 January 29, 2021, escrow was opened for Plaintiffs’ purchase of Unit 5410. Id. ¶ 29. Old 21 Republic provided all escrow and title-related services, including an updated title report and offer 22 of title insurance, escrow services for Plaintiffs’ purchase and financing of Unit 5410, a lender’s 23 policy of title insurance, a borrower’s policy of title insurance, and a home warranty. Id. ¶ 401. 24 On February 16, 2021, Movement approved a $535,500.00 conventional mortgage at a 30- 25 year fixed interest rate of 2.875% for Plaintiffs’ purchase of Unit 5410 (the “Purchase Loan”). Id. 26 ¶ 31. Plaintiffs executed the promissory note and Deed of Trust on February 23, 2021 for the 27 Purchase Loan. Id. ¶ 32. On March 1, 2021, the property sale and Purchase Loan were recorded 1 Unit 5410 as their primary residence. Id. ¶¶ 33-34. Shortly after, Movement transferred the 2 beneficial interest in the Purchase Loan to Fannie Mae and continued servicing the loan. Id. ¶ 59. 3 Movement certified the loan’s compliance with underwriting standards, verifying the eligibility of 4 the project and property and that Movement had reviewed the appraisal report. Id. ¶ 79. 5 According to Plaintiffs, after the transfer of the Purchase Loan, Fannie Mae then became the 6 “‘lender’ in actuality or in effect at all times relevant to this case.” Id. ¶ 157. 7 A year later, between January 2022 and March 2022, Plaintiffs learned, “among other 8 things, that construction of the Trask Lofts development was never completed, that the building 9 permits under which construction was performed had expired, that no portion of the property was 10 ever certified for occupancy, and that the property was never approved for subdivision into 11 residential condos.” FAC ¶ 40. On March 2, 2022, the Oakland Fire Prevention Bureau yellow- 12 tagged the Trask Lofts property and entered a “fire watch” order, and Plaintiffs learned “the 13 building did not have—and never had—state-mandated fire sprinklers, a fire alarm/alert system, or 14 fire extinguishers and, thus, that our new home was not safe or legal to occupy for any purpose.” 15 Id. ¶ 41. Plaintiffs assert that the only way to resolve the marketability issues with the property 16 was to complete the condo project, and Plaintiffs could not do so because the entire building was 17 under-constructed and Plaintiffs could not act on behalf of the entire building.

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Matthew V. Vaughan and Amy A. Vaughan v. Federal National Mortgage Association, Movement Mortgage, LLC, Compass California II, Inc., and Old Republic National Title Insurance Company, Counsel Stack Legal Research, https://law.counselstack.com/opinion/matthew-v-vaughan-and-amy-a-vaughan-v-federal-national-mortgage-cand-2025.