Russell v. Specialized Loan Servicing CA2/3

CourtCalifornia Court of Appeal
DecidedMay 19, 2026
DocketB344406
StatusUnpublished

This text of Russell v. Specialized Loan Servicing CA2/3 (Russell v. Specialized Loan Servicing CA2/3) 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
Russell v. Specialized Loan Servicing CA2/3, (Cal. Ct. App. 2026).

Opinion

Filed 5/19/26 Russell v. Specialized Loan Servicing CA2/3 NOT TO BE PUBLISHED IN THE OFFICIAL REPORTS California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for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 This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

SECOND APPELLATE DISTRICT

DIVISION THREE

MICHAEL L. RUSSELL et al., B344406

Plaintiffs and Appellants, Los Angeles County Super. Ct. No. 22AVCV00620 v.

SPECIALIZED LOAN SERVICING LLC,

Defendant and Respondent.

APPEAL from a judgment of the Superior Court of Los Angeles County, Daniel L. Alexander, Judge. Affirmed.

Lorden & Reed and Zshonette L. Reed for Plaintiffs and Appellants.

Houser, Robert W. Norman, Jr. and Neil J. Cooper for Defendant and Respondent. _________________________ Michael and Renita Russell (the Russells) filed a complaint against the servicer of their home loan, Specialized Loan Servicing LLP (SLS). According to the Russells, SLS overstated the amount due under the loan, failed to apply their payments, and collected monies not due. The Russells alleged this caused them to file for bankruptcy and sell their home at a short sale. SLS admitted it erroneously overstated the balance of the loan and collected more money from the proceeds of the sale than the Russells owed. After discovering the error, SLS returned the overpayment to the Russells with interest. SLS then moved for summary judgment on the ground that the Russells could not show damages. The trial court granted the motion and denied the Russells’ motion for a new trial. On appeal, the Russells argue SLS failed to meet its initial burden, there are triable issues of material fact, and the trial court made various errors while evaluating SLS’s motion. The Russells also argue the court should have granted their motion for a new trial based on newly discovered material evidence. We affirm the judgment. FACTUAL AND PROCEDURAL BACKGROUND 1. The loan and modifications In October 2006, the Russells obtained a $673,000 loan secured by their home in Palmdale (the Property). The Russells fell behind on their payments, and they entered into a loan modification agreement with the lender in 2013 (the 2013 Modification). The total amount due under the 2013 Modification was $720,231.21, consisting of $443,648.51 of interest-bearing principal and $276,582.70 of non-interest-bearing deferred principal.

2 SLS started servicing the loan in 2014. At the time, the Russells were behind on their payments under the 2013 Modification. In 2015, the Russells and SLS entered into another loan modification agreement (the 2015 Modification). The 2015 Modification states the “modified unpaid principal balance” of the loan is $711,115.31 and the “amount deferred through this modification agreement is $123,434.69.” The agreement notes the amount deferred in “previous modification(s)” was $276,582.70. SLS’s records did not reflect the actual terms of the 2015 Modification. Instead, the records showed a deferred principal balance of $310,017.39, which was $186,582.70 higher than it should have been. SLS asserted the inflated deferred principal balance—which we refer to as “the overstatement”—resulted from human error while inputting the terms of the 2015 Modification into its records. The overstatement did not affect the Russells’ monthly payment obligations, which SLS calculated correctly using the non-deferred principal balance. In February 2016, SLS began sending the Russells monthly statements erroneously stating the deferred balance on the loan was $310,017.39. The statements reflected the Russells’ correct monthly payment obligations. The Russells failed to make monthly payments in February and June of 2016. SLS sent the Russells a breach letter in October 2016, giving them a month to cure the default. The Russells failed to do so. Two years later, in October 2018, the substitute trustee under the deed of trust recorded a notice of default and election to sell. The notice states the Russells were nearly $70,000 in arrears.

3 The Russells considered selling the Property in January 2019, and they asked SLS for a payoff demand. SLS sent the Russells a demand erroneously stating $944,859.10 was due under the 2015 Modification. The actual amount due was closer to $750,000. 2. The bankruptcy In February 2019, the trustee recorded a notice stating the Property would be sold at a public auction on March 28, 2019. Ten days before the sale, Renita Russell1 filed a petition for bankruptcy. In her petition, Renita listed the Property as an asset worth $625,000. SLS filed a claim in bankruptcy court for $947,983.04. The claim stated the Russells had not made any payments on the 2015 Modification for two years. SLS asserted the amount necessary to cure the default as of March 2019 was $86,291.24. The Russells made the monthly payments due under the 2015 Modification during the bankruptcy. They also made payments to the bankruptcy trustee, most of which went towards paying off the arrearages. At some point during the bankruptcy, the Russells decided to separate from each other and sell the Property. In May 2021, the Russells unsuccessfully listed the Property for sale with an asking price of $950,000. A few months later, the bankruptcy trustee filed a motion to dismiss the case “due to delinquent plan payments which has caused a material default with respect to the terms of the confirmed plan.” According to the trustee’s motion, Renita was

1 We refer to the Russells by their first names for the sake of clarity.

4 delinquent in the amount of $6,093.88. The bankruptcy court granted the motion on November 9, 2021 and closed the case on January 7, 2022. 3. The attorney letters The Russells retained an attorney who sent SLS three letters between November 2021 and March 2022. The letters stated the Russells did not understand why the balance on their loan was so high. The letters asked SLS to provide documentation on various issues, including “how the indebtedness reached $905,646.88.” In a March 2022 letter, the Russells’ attorney noted it appeared SLS had erroneously included in the 2015 Modification the deferred balance from the 2013 Modification. SLS responded to the letters and provided the Russells with documents related to the loan. SLS insisted the loan balance was correct, and it purported to show how it calculated the balance. SLS stated the 2015 Modification included a deferred balance of $400,017.39, consisting of $276,582.70 of unpaid deferred principal from the 2013 Modification plus $123,434.69 of new deferred unpaid principal. The letters also identified “arrears capitalized” consisting of $94,635.85 for expense advances paid, $90,018.00 for expense advances not yet paid, and $93,291.35 for administrative fees. The numbers SLS provided in the letters did not add up to the amounts it claimed were due. 4. The short sale In December 2021, the trustee recorded a notice of trustee’s sale scheduled for January 27, 2022. In response, the Russells sent SLS a request for mortgage assistance. SLS responded by offering the Russells the option of a short sale. The offer required

5 SLS to receive at least $737,621.63 from the sale. The trustee postponed the sale until June 2022. The Russells and SLS entered into a short sale contract in April 2022. The Russells sold the Property a month later for $792,000. SLS received $746,576.74 from the proceeds of the sale, which it accepted in satisfaction of the 2015 Modification. 5. The complaint The Russells filed a complaint against SLS in August 2022.

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Russell v. Specialized Loan Servicing CA2/3, Counsel Stack Legal Research, https://law.counselstack.com/opinion/russell-v-specialized-loan-servicing-ca23-calctapp-2026.