8/8/2019 Hagens Berman Files Class-Action against Aurora
1/8
HOMEABOUTLINKSSITE MAPEMAIL A TIPDONATE
DEPOSITIONSEducation Foreclosure Laws by State LPS 101MERS 101Securitization 101Videos
Categorized | CONTROL FRAUD, STOP FORECLOSURE FRAUD, aurora loan
servicing, class action, corruption, foreclosure, foreclosure fraud, foreclosures,
investigation, lawsuit, mortgage modification
Posted on21 August 2010. Tags: aurora loan services, california, class action, foreclosure fraud, hagensberman, loan modification
ns Berman Files Class-Action Suit Against Aurora Loan Services LLC http://stopforeclosurefraud.com/2010/08/21/hagens-berman-files-c
10/18/2010 1
8/8/2019 Hagens Berman Files Class-Action against Aurora
2/8
SAN JOSE, Calif., Aug. 20 /PRNewswire/ A group of homeowners today filed a class-action lawsuitagainst Aurora Loan Services LLC, claiming the mortgage company duped them into paying tens ofthousands of dollars each to have troubled mortgages reviewed by the company with promises of loanmodifications, only to have their property foreclosed with little or no notice.
The suit states that Aurora reaped more than $100 million in what the court documents call illicit profits
from the alleged scheme.
Filed in the U.S. District Court for the Northern District of California in San Jose, the suit seeks to representhomeowners who paid the Littleton, Colo.-based company money in exchange for the companys help incuring delinquent home mortgages.
In exchange for between three and six large monthly payments, Aurora said it would halt the foreclosureprocess and work with homeowners to restructure, modify or resell the loan, allowing homeowners a chanceto keep their homes, the suit states.
We intend to prove that Auroras workout plan was nothing more than a cynical ploy to take advantage of
homeowners desperate to hold on to their homes, said Steve Berman, managing partner of Seattle-basedHagens Berman Sobol Shapiro LLP and the attorney representing the proposed class.
The suit contends that, after a period of months, Aurora foreclosed on the homes without giving theborrowers any notice that their requests for loan modification were denied and without allowing borrowersaccess to any method for ending their loan deficiency, despite the provisions of the workout agreements.
The suit states that the workout agreements provided for four methods for ending loan deficiency: bringingthe loan current, refinancing with another lender, modification of the terms of the loan at the discretion ofAurora and another workout option at the companys discretion.
The past three years have been tough enough on homeowners without them having to worry about beingpreyed upon by unscrupulous loan services, Berman said.
The complaint outlines the stories of two married couples who engaged Aurora in an attempt to forestallforeclosure. The first couple, from San Jose, refinanced their home with a mortgage company in early 2006.Two years later, the couple suffered economic setbacks in the form of poorly performing investments and atemporary loss of work. In late 2009, the couple contacted Aurora and signed one of the so-called workoutagreements.
Over the next several months, the couple paid a total of $33,500 in return for Auroras promise to work onmodifying the terms of the loan, among other possible outcomes. In May 2010, the family was served with a
ns Berman Files Class-Action Suit Against Aurora Loan Services LLC http://stopforeclosurefraud.com/2010/08/21/hagens-berman-files-c
10/18/2010 1
8/8/2019 Hagens Berman Files Class-Action against Aurora
3/8
Notice to Vacate, indicating their home had been sold in foreclosure. The family had received no prior noticethat the foreclosure process had been completed. In addition, Aurora did not notify the family that it had beendenied a loan modification, according to the complaint.
In another instance, a second San Jose couple refinanced their home in mid-2007. Two years later, the couplesuffered financial hardship as a result of an illness and the death of a parent, which led to increased expensesand loss of income. In early 2009, the couple contacted Aurora and signed one of the companys workoutagreements, the complaint alleges.
Over the next several months, the family paid a total of $23,700 in return for Auroras promise to work onmodifying the terms of their loan. Like the first couple, the family was served with a Notice to Vacate in lateJune 2010, signaling their home had been sold in foreclosure. The family was not told prior to receiving thenotice that the foreclosure process on their home had begun, according to the complaint.
Weve heard of cases like this a lot over the last few years, Berman said. Wed like to bring strugglinghomeowners some sense of relief.
The complaint, which can be found at www.hbsslaw.com/cases-and-investigations/aurora, accuses Aurora ofnegligent misrepresentation, unjust enrichment, breach of the implied covenant of good faith and fair dealing,
violation of the California Unfair Business Practices Act and other violations of California law.
Hagens Berman believes the workout agreements were fraudulent in nature and seeks to have the agreementsdeclared void. The firm also seeks an injunction against Aurora forbidding the company from continuedoffering of its deceptive workout agreements, restitution to be determined at trial, damages to be determinedat trial and trial and attorneys fees.
If you entered into a so-called workout agreement with Aurora, you are encouraged to join this case.
About Hagens Berman
Seattle-based Hagens Berman Sobol Shapiro LLP is a consumer-rights class-action law firm with offices in
San Francisco, Chicago, Boston, Los Angeles, Phoenix and Washington, D.C. Founded in 1993, HBSScontinues to successfully fight for consumer rights in large, complex litigation. More about the law firm andits successes can be found at www.hbsslaw.com.
Contact: Mark Firmani, Firmani + Associates Inc., 206.443.9357 or [email protected]
SOURCE Hagens Berman Sobol Shapiro LLP
Back to top RELATED LINKShttp://www.hbsslaw.com
Your email:
2010 FORECLOSURE FRAUD | by DinSFLA. All rights reserved. www.StopForeclosureFraud.com
Donate To Stop Foreclosure Fraud
ns Berman Files Class-Action Suit Against Aurora Loan Services LLC http://stopforeclosurefraud.com/2010/08/21/hagens-berman-files-c
10/18/2010 1
8/8/2019 Hagens Berman Files Class-Action against Aurora
4/8
ShareThis
Leave a Reply
Name (required)
Mail (will not be published) (required)
Website
SUBSCRIBE
ns Berman Files Class-Action Suit Against Aurora Loan Services LLC http://stopforeclosurefraud.com/2010/08/21/hagens-berman-files-c
10/18/2010 1
8/8/2019 Hagens Berman Files Class-Action against Aurora
5/8
Get The Latest Update Via Email:
Delivered by FeedBurner
PopularLatestCommentsTagsSubscribe
CLASS ACTION FILED| Figueroa v. Law Offices Of David J. Stern, P.A. and MERSCORP,Inc.
NO. THERE'S NO LIFE AT MERS
MERS 101
CLASS ACTION AMENDED against MERSCORP to include Shareholders, DJSP
MISSION: VOID Lender Processing Services "Assignments" (LPS)
Support Stop Foreclosure Fraud
ns Berman Files Class-Action Suit Against Aurora Loan Services LLC http://stopforeclosurefraud.com/2010/08/21/hagens-berman-files-c
10/18/2010 1
8/8/2019 Hagens Berman Files Class-Action against Aurora
6/8
FORECLOSURE FRAUD 101
Categories
Calendar
August 2010
M T W T F S S
Jul Sep
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31
Popular Posts
Here's That Devastating Report On Bank Of America That Everyone Is Talking About Today by dinsflaMERS 101 by dinsflaSTATES INVESTIGATING FORECLOSURE FRAUD by dinsfla"Lenders" who have suspended foreclosures by dinsflaLaw Office Of David J. Stern Confirms Layoffs by dinsflaEXPLOSIVE DEPOSTION!!!! BUSTED!! DAVID J. STERN "MILL" KNEW THIS ALLALONG...THIS FORECLOSURE FRAUD!!! by dinsflaCLASS ACTION FILED| Figueroa v. Law Offices Of David J. Stern, P.A. and MERSCORP, Inc. bydinsflaFL 4th DCA COURT OF APPEALS REVERSES SUMMARY JUDGMENT: ALEJANDRE v.DEUTSCHE BANK TRUST COMPANY by dinsflaEXCLUSIVE | 'MERS' DEPOSITION of SECRETARY and TREASURER of MERSCORP 4/2010 bydinsflaFORECLOSURE LAWS by State by dinsfla
ns Berman Files Class-Action Suit Against Aurora Loan Services LLC http://stopforeclosurefraud.com/2010/08/21/hagens-berman-files-c
10/18/2010 1
8/8/2019 Hagens Berman Files Class-Action against Aurora
7/8
MERS BIFURCATED THE NOTE AND MORTGAGE, NOW THERE IS TROUBLE! by dinsflaCLASS ACTIONS by dinsfla
Archives
Who's Online
55 visitors online now
48 guests, 6 bots, 1 members
Blogroll
4closure FraudAMERICANS UNITED FOR JUSTICEBANK CLASS ACTIONSBEING MIDDLE CLASS FORUMBOOM BUST BLOGCALIFORNIA FORECLOSURE FRAUDCHINK IN THE ARMOR "MERS Primer"
Foreclosure HamletForeclosure PetsFraud DigestGINGO LAWLAW GRACELiving LiesLPS 101Mandelman MattersMatt WeidnerMERS 101Mish's Global Econ.
MS FRAUDMtg. Ripoff ReportNaked CapitalismNANTUCKET LAWO. MAX GARDNER lllPropublicaROBO-SIGNERS DEPOSITIONSShame The BanksThe Baseline ScenarioThe Drudge Report
ns Berman Files Class-Action Suit Against Aurora Loan Services LLC http://stopforeclosurefraud.com/2010/08/21/hagens-berman-files-c
10/18/2010 1
8/8/2019 Hagens Berman Files Class-Action against Aurora
8/8
The Market TickerThe Robbo ReportTruth in LendingWAMU SUPPORT FOR HOMEOWNERSWELLS FARGO MTG FRAUD
Viewers
2010 FORECLOSURE FRAUD | by DinSFLA. Powered by StopForeclosureFraud.
This work is licensed under a Creative Commons Attribution 3.0 Unported License. In accordance with Title17 U.S.C. Section 107
Disclaimer: The information herein should not be taken as legal advice and is not a substitute for theassistance of a licensed advisor. I AM NOT AN ATTORNEY.
ns Berman Files Class-Action Suit Against Aurora Loan Services LLC http://stopforeclosurefraud.com/2010/08/21/hagens-berman-files-c