Pourteymour v. First Foundation Bank CA4/1

CourtCalifornia Court of Appeal
DecidedDecember 20, 2024
DocketD082596
StatusUnpublished

This text of Pourteymour v. First Foundation Bank CA4/1 (Pourteymour v. First Foundation Bank CA4/1) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Pourteymour v. First Foundation Bank CA4/1, (Cal. Ct. App. 2024).

Opinion

Filed 12/20/24 Pourteymour v. First Foundation Bank CA4/1 NOT TO BE PUBLISHED IN OFFICIAL REPORTS California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

COURT OF APPEAL, FOURTH APPELLATE DISTRICT

DIVISION ONE

STATE OF CALIFORNIA

RAMIN POURTEYMOUR, Individually D082596 and as Trustee, etc.,

Plaintiff and Appellant, (Super. Ct. No. 37-2021- v. 00040754-CU-OR-CTL)

FIRST FOUNDATION BANK et al.,

Defendants and Respondents.

APPEAL from an order of the Superior Court of San Diego County, Eddie C. Sturgeon, Judge. Affirmed. Omnum Law and Benjamin Galdston for Plaintiff and Appellant. Wood Smith Henning & Berman, Stephen M. Caine, Frances M. O’Meara, and Lauren G. Kane for Defendant and Respondent Scott Albrecht. Frandzel Robins Bloom & Csato, Hal D. Goldflam, and Thomas M. Robins III for Defendant and Respondent First Foundation Bank. I. INTRODUCTION

Ramin Pourteymour sued his lender, First Foundation Bank (FFB) and its outside attorney, Scott Albrecht, for wrongful foreclosure. The trial court struck all causes of action against Albrecht under the anti-SLAPP

statute,1 and Pourteymour appeals from that order. Pourteymour argues the anti-SLAPP statute does not apply because the causes of actions against Albrecht arise from a nonjudicial foreclosure, not Pourteymour’s pending bankruptcy or the current action. Pourteymour similarly asserts the trial court in its anti-SLAPP analysis misapplied the litigation privilege in finding Pourteymour unable to show probable success on his claims. We disagree and affirm the order.

II. BACKGROUND

In 2014, Pourteymour obtained a $4.5 million loan and $3 million line of credit from FFB. Both were secured by his residence on Black Gold Road in La Jolla (Black Gold), with the $4.5 million loan having first priority. FFB also loaned Pourteymour $2.653 million secured by a La Jolla residence on Box Canyon Road (Box Canyon), and $1.6 million secured by a commercial building in Pennsylvania. In March of 2020, as COVID-19 caused a widespread economic slowdown in the US, Pourteymour’s income declined significantly because his tenants stopped paying rent.!(1 AA 20)! Pourteymour contacted FFB to

1 “Code of Civil Procedure section 425.16 provides a procedure for the early dismissal of what are commonly known as SLAPP suits (strategic lawsuits against public participation)—litigation of a harassing nature, brought to challenge the exercise of protected free speech rights.” (Fahlen v. Sutter Central Valley Hospitals (2014) 58 Cal.4th 655, 665, fn. 3.) All further undesignated statutory references are to the Code of Civil Procedure. 2 obtain financial hardship relief. He received conflicting responses from several FFB representatives about whether FFB would extend assistance. On March 17, 2020, Pourteymour stopped making payments on the Black Gold and Box Canyon loans. In July 2020, Pourteymour communicated through his bankruptcy lawyer, David Speckman, with FFB’s lawyer, Albrecht. The first communication was an email from Speckman dated July 3, 2020. It informed Albrecht that Pourteymour was “preparing a Chapter 11 bankruptcy,” but welcomed first an opportunity to discuss Pourteymour’s secured loans. On July 6, 2020, Speckman and Albrecht discussed potential settlement, with Albrecht informing Speckman that FFB was preparing to record a notice of default on Black Gold. On July 9 Speckman sent a follow-up email to Albrecht, under the subject line “SETTLEMENT COMMUNICATION,” stating the “communication [was] sent in furtherance of our ongoing settlement discussions.” In that email, Speckman proposed modifying the terms of the two Black Gold loans and the Box Canyon loan in exchange for Pourteymour bringing current the senior Black Gold loan and the Box Canyon loan. Speckman asked that FFB refrain from recording the notice of default for 30 days so they could continue negotiating. Speckman asserted the notice of default would likely cause Pourteymour to proceed with bankruptcy and stay the foreclosure. Speckman also attached Pourteymour’s draft bankruptcy schedules. Speckman and Albrecht were unable to reach an agreement, and on July 10, 2020, FFB recorded notices of default regarding the junior Black Gold loan and the Box Canyon loan. FFB then recorded a notice of sale on

3 October 15, 2020, setting the foreclosure on the Black Gold junior lien for November 9, 2020. Between October 15 and 30, Speckman asked Albrecht for COVID-19

financial relief, foreclosure avoidance options, and reinstatement amounts.2 Albrecht agreed to discuss Speckman’s requests and proposals with FFB, but

Albrecht never provided the information Speckman requested.3 On October 27, Speckman provided Albrecht with a “final proposal” regarding the liens, again using the subject line “SETTLEMENT COMMUNCIATION.” He stated Pourteymour would be filing for bankruptcy next week, and he “expect[ed] to propose a chapter 11 plan which will ‘strip’ the junior deed of trust off Blackgold [sic] and cramdown” the senior Black Gold loan and the Box Canyon loan to the respective properties’ fair market

values.4 Speckman again proposed modifying the terms of the three loans, which he posited would “pay FFB far more money tha[n] [he] anticipate[d] it would receive in the chapter 11 bankruptcy.” On November 2, Speckman suggested mediation, with Pourteymour first paying $15,000 against the loans. Albrecht communicated FFB’s rejection of both proposals.

2 “A debtor on a loan secured by a deed of trust on real property has at least two ways under state law to prevent a foreclosure sale. He may either reinstate, or cure, the loan by bringing his payments current no later than five business days before the scheduled sale [citation], or he may redeem, or pay off, the loan by paying off the entire amount owed before the sale occurs.” (Crossroads Investors, L.P. v. Federal National Mortgage Assn. (2017) 13 Cal.App.5th 757, 777–778 (Crossroads).) 3 Albrecht declared this conversation never took place, but as discussed below, our standard of review requires that we accept Pourteymour’s declaration regarding this exchange as true. 4 By this time the County of San Diego had recorded its own liens against Black Gold and Box Canyon. 4 Pourteymour filed for Chapter 11 bankruptcy on November 6, 2020, three days prior to the scheduled foreclosure sale of his properties. Pourteymour wished primarily to reorganize the debts secured by Black Gold and Box Canyon. Pourteymour alleged a portion of the first lien and the entire second lien on Black Gold were unsecured, referring to the second lien as disputed. He also alleged the Box Canyon lien was only partially secured. FFB filed four proofs of claim in the bankruptcy case, one for each of its loans to Pourteymour. It also filed a competing Chapter 11 plan that included liquidation of Black Gold. Pourteymour continued negotiating with FFB through Albrecht, asking on August 1, 2021, for the amounts necessary to bring his loans current and

if his arrearages could be deferred until the end of the loans.5 Albrecht stated he would confer with FFB but did not provide reinstatement figures or foreclosure options. On September 7, 2021, the bankruptcy court granted FFB relief from the automatic stay regarding the Black Gold property. However, pursuant to Federal Rules of Bankruptcy Procedure, rule 4001(a)(3) (Rule 4001(a)(3)), the order was not final until September 22, 2021.

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Bluebook (online)
Pourteymour v. First Foundation Bank CA4/1, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pourteymour-v-first-foundation-bank-ca41-calctapp-2024.