Searle v. RBS Citizens Bank N.A.

CourtDistrict Court, D. Massachusetts
DecidedMarch 7, 2018
Docket1:17-cv-10427
StatusUnknown

This text of Searle v. RBS Citizens Bank N.A. (Searle v. RBS Citizens Bank N.A.) is published on Counsel Stack Legal Research, covering District Court, D. Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Searle v. RBS Citizens Bank N.A., (D. Mass. 2018).

Opinion

UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS ROBERT J. SEARLE and * SUSAN SEARLE, * * Plaintiffs, * * v. * Civil ActionNo. 17-cv-10427-ADB * RBS CITIZENS, N.A., DITECH * GREENTREE FINANCIAL, andHARMON * LAW OFFICES, P.C., * * Defendants. * MEMORANDUM AND ORDER ON MOTION FOR PRELIMINARY INJUNCTION AND MOTION TO DISMISS BURROUGHS, D.J. Plaintiffs Robert and Susan Searlebring this action against RBS Citizens, N.A. (“Citizens”) and Ditech Financial LLC, formerly known as Green Tree Servicing LLC (“Ditech/Green Tree”) (collectively “Defendants”),in an attempt to avert the foreclosureof their home located at 9 Prospect St., Merrimac, Massachusetts.Plaintiffs claim that Defendants failed to respond totheir requests to produce certain documents related to the mortgage, and thus violated(1) the Real Estate Settlement Procedures Act (“RESPA”), 12 U.S.C. §2605(e)(1)(A) and (B),andRegulation X at 24 C.F.R. §3500; (2) the Fair Debt Collection Practices Act (“FDCPA”),15 U.S.C. §1692(a); and (3) the Truth in Lending Act (“TILA”),15 U.S.C. §1640(a)(1) and (2).[ECF No. 19]. Currently pending are Plaintiffs’ motionfor leave to file a Second Amended Complaint and motionfor a preliminary injunction to prevent the foreclosure of the property, and Defendants’ motion to dismiss. [ECF Nos. 21,22,26]. For the reasons stated herein, themotion for leave to file a Second Amended Complaint andmotion to dismiss [ECF Nos. 21, 22] areGRANTEDand themotion for apreliminary injunction[ECF No. 26]is DENIED. I. FACTUAL AND PROCEDURAL BACKGROUND1 On June 10, 2005, Plaintiffs took out a $50,000home equity line of credit2 from First Horizon Home Loan Corporation. [ECF Nos. 26at 1, 26-1at 23].3 Theline of credit servedas a second lien behind their original mortgage.[ECF No. 26-1at 2].Theagreement that governed

the line of credit stipulated that the initial interest rate would be 6.5%, with a five-year draw period. After the end of the draw period,the loan would go into afifteen year repayment period with a fixed interest rate, during which time the Plaintiffs were to make a monthly payment of principal plus interest. [ECF No.26at 1]. Plaintiffs allege that as the end of the draw period approached,they realized that their newpayment was not going to be affordable. [ECF No. 26at 1].By then, Plaintiffs had both lost their jobs and were struggling financially due to theirreduction in income. Id. Because of this, for the first ten months after the loanconverted to afixed rate loan, they continued to make “interest only” payments, even though the agreement required them to payinterest plus principal.

Id. Along with each “interest only” payment made over the ten-month period, Plaintiffs sent

1 The following facts are set forth in the Amended Complaint and Second Amended Complaint. In considering the merits of a motion to dismiss, the Court must accept all factual allegations in the complaint as true and drawall reasonable inferences in the plaintiff’s favor.Speleos v. BAC Home Loans Servicing, L.P., 824 F. Supp. 2d 226, 230 (D. Mass. 2011). 2 The line of credit agreement and mortgage may be considered at the motion to dismiss stage because they are publiclyrecorded, central to Plaintiffs’ claims, and referenced in the complaint. SeeMiss. Pub. Emps.Ret. Sys. v. BostonScientific Corp., 523 F.3d 75, 86 (1st Cir. 2008) (citing Watterson v. Page, 987 F.2d 1, 3 (1st Cir. 1993)). 3 The Court grants the motion to file a second amended complaint, which the Court has reviewed. See Fed R. Civ. P. 15(a)(2) (“The court should freely give leave when justice so requires.”). Allowing the motion has no impact on the outcome of this motion to dismiss, because the proposed Second Amended Complaint does not raise any new claims, but merely provides greater detail and clarification. letters to the lender, Citizens,4 and the servicerat that time,Green Tree,5requesting a loan modification. [ECF Nos.26-1 at 1–4,26-2 at 25].After ten months, theservicersent aletter to Plaintiffs statingthat it “would no longer accept [the] ‘interest only’ payments and would foreclose on [Plaintiffs’ property] if [they] did not pay the monthly [p]rincipal and [i]nterest payment they had requested.” [ECF No. 26-1at 2].Plaintiffs were persistent in their efforts to

research and request a loan modification, including making daily inquiries over a period of several months. Id.at 2–3.Plaintiffs assert that eventually,the serviceradvised them that it does not make loan modifications. [ECF Nos. 26 at 2, 26-2 at 17, 29]. In early 2012, Plaintiffs sought the help of the Massachusetts Attorney General’s Office, and over the next year, that office assisted Plaintiffs in their efforts to obtain a modification by coordinating communication with Green Tree. [ECFNos. 26 at 2,26-1 at 20–22, 26-2 at 11–13, 16]. After some back and forth, Plaintiffs were able to obtain a modification. [ECF No. 26-1at 3]. In early April 2012, Green Tree sent Plaintiffs documents to modifythe interest rate and extend the maturity date of the loan by eighteen months (“the Modification Agreement”). [ECF

No.26 at 3,26-2 at 2–9]. Plaintiffs claim that, when they reviewed the documents, they realized that the interest rate would actually go up, it was not clear what the monthly payment would be, and the documents were otherwise “shoddy” and “inconsistent.” [ECF No. 26-1 at 2–5]. Despite these concerns,however, Plaintiffs signed the Modification Agreement on April 19, 2012.[ECF No. 21-5 at 3].

4 On December 27, 2010, the home equity line of credit agreement was assigned from First Horizon to Citizens. [ECF No. 26-2 at 41].A copy of the assignment was attached to the complaint. SeeTrans-Spec Truck Serv., Inc. v. Caterpillar Inc., 524 F.3d 315, 321 (1st Cir. 2008) (“Exhibits attached to the complaint are properly considered part of the pleading ‘for all purposes,’ includingRule 12(b)(6)” (quoting Fed. R. Civ. P. 10(c))). 5 On August 25,2010,the servicing of the home equity line of credit agreement was transferred from First Tennessee Bank National Association to Green Tree. [ECF No. 26-2 at 49]. Thereafter, Plaintiffs wrote four letters, which they believed to be “Qualified Written Requests” under RESPA, from November 9, 2014 to November 4, 2016. [ECF Nos. 26 at 4, 26-2 at 2-9]. Plaintiffs sent copies of each letter to the lender, Citizens, and to the servicer. Id. Plaintiffs believed that Citizens and Ditech/Green Tree did not have the legal right to collect payments. In a letter to Green Tree, dated March 28, 2015, Plaintiffs requested, among other items: e “copies of ALL documents since consummation of the loan to further insure a Validation of Debt with also a Request for Accounting;” e “an itemized accounting of the “Corporate Advances’ that have been accumulating on each monthly statement and where they derive;” e “any and all reference to ‘insurance’ and costs associated with insurance and/or taxes;” and e “validation of who owns the note and.

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Bluebook (online)
Searle v. RBS Citizens Bank N.A., Counsel Stack Legal Research, https://law.counselstack.com/opinion/searle-v-rbs-citizens-bank-na-mad-2018.