Please E-mail suggested additions, comments and/or corrections to Kent@MoreLaw.Com.
Date: 08-09-2021
Case Style:
Case Number: 3:18-cv-01892-BAS-DEB
Judge: Cynthia Bashant
Court: United States District Court for the Southern District of California (San Diego County)
Plaintiff's Attorney:
Defendant's Attorney: Melissa Robbins Coutts
Description: San Diego, Civil Litigation lawyers represented Plaintiff, who sued Defendant on a Real Estate Settlement Procedures Act (RESPA) violation theory claiming to have suffered $420,000 in damages.
12 U.S.C. 2601 provides:
(a) The Congress finds that significant reforms in the real estate settlement process are needed to insure that consumers throughout the Nation are provided with greater and more timely information on the nature and costs of the settlement process and are protected from unnecessarily high settlement charges caused by certain abusive practices that have developed in some areas of the country. The Congress also finds that it has been over two years since the Secretary of Housing and Urban Development and the Administrator of Veterans' Affairs submitted their joint report to the Congress on "Mortgage Settlement Costs" and that the time has come for the recommendations for Federal legislative action made in that report to be implemented.
(b) It is the purpose of this chapter to effect certain changes in the settlement process for residential real estate that will result—
(1) in more effective advance disclosure to home buyers and sellers of settlement costs;
(2) in the elimination of kickbacks or referral fees that tend to increase unnecessarily the costs of certain settlement services;
(3) in a reduction in the amounts home buyers are required to place in escrow accounts established to insure the payment of real estate taxes and insurance; and
(4) in significant reform and modernization of local recordkeeping of land title information.
Outcome: 08/09/2021 70 Joint MOTION for Settlement Motion to Dismiss by Robert Hueso. (Faust, Matthew) Modified on 8/9/2021 to correct event (jmo). (jmo). (Entered: 08/09/2021)
08/09/2021 71 Order Granting Joint Motion to Dismiss Action with Prejudice (ECF No. 70 ). The Court will retain jurisdiction for the purposes of enforcing the terms of the settlement in the event of any party's default. Each party shall bear its own costs and attorneys' fees on the terms of the settlement agreement. Signed by Judge Cynthia Bashant on 8/9/21. (jmo) (Entered: 08/09/2021)
Plaintiff's Experts:
Defendant's Experts:
Comments: