The Third District California Court of Appeal, affirmed the dismissal of the borrower’s complaint, ruling a wrongful foreclosure cause of action based on alleged defects in the assignment and securitization of the mortgage loan requires the borrower to demonstrate resulting prejudice.
The Court held that the Borrower lacked standing to challenge the transfer because she was not party to the assignment, nor was she the intended recipient of the assignment.
A copy of the opinion is available at: http://www.courts.ca.gov/opinions/documents/C071882.PDF
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