YVANOVA v. NEW CENTURY MORTGAGE CORPORATION AMICUS BRIEF OF CALIFORNIA ATTORNEY GENERAL KAMALA HARRIS IN SUPPORT OF APPELLANT
H/T Abby
In The Supreme Court Of California
TSVETANA YVANOVA, Plaintiff and Appellant, v. NEW CENTURY MORTGAGE CORPORATION, OCWEN LOAN SERVICING, LLC, WESTERN PROGRESSIVE, LLC, and DEUTSCHE BANK NATIONAL TRUST COMPANY, et al, Defendant-Respondent. EXCERPT- TABLE OF CONTENTS Page INTRODUCTION ........................................ 1 STATEMENT OF INTEREST ........................................ 2 ARGUMENT ........................................ 3 I. CALIFORNIA HAS A STRONG PUBLIC POLICY IN FAVOR OF PROTECTING HOMEOWNERS FROM WRONGFUL FORECLOSURE ............................... 3 A. California's Foreclosure Statutes Strike a Careful Balance Between Efficiency in Foreclosure and Homeowner Protection .................... 4 B. The Recent Enactment of the HBOR Reflects a Legislative Intent to Protect Homeowners Against Abusive Practices, Including Foreclosures by the Wrong Party ................................ 5 II. A HOMEOWNER MAY BRING A CAUSE OF ACTION FOR WRONGFUL FORECLOSURE ON THE BASIS THAT THE ASSIGNMENT OF DEBT IS INVALID .......................................................................... 7 A. The Foreclosing Party's Lack of Authority Is a Proper Basis on which the Homeowner May Challenge a Foreclosure .............................................. 7 B. Because a Void Assignment Deprives a Foreclosing Party of the Authority to Foreclose, a Homeowner May Bring a Wrongful Foreclosure Action on That Basis ............................. 10 C. A Homeowner Is Harmed When an Entity Without The Authority To Do So Forecloses on Her Home .................................................................. 14 D. Permitting Wrongful Foreclosure Actions to Challenge Invalid Assignments is Sound Policy ...... 17 CONCLUSION .......................................................................................... 19[...]
