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Plaintiffs in Civil Mortgage Fraud Case Settle for $900,000

sacbee.com | September 27, 2014

By Andy Furillo

A civil mortgage fraud trial in Sacramento Superior Court abruptly ended Wednesday with a settlement that will pay $900,000 to six plaintiffs.

The lawsuit charged that principals in Stewart Title of Placer County and the now-dissolved Stone Canyon Mortgage Co. of Rocklin knowingly worked to assist two men who have been convicted in federal court in Sacramento of running a Ponzi scheme that looted $26 million from 180 victims.

Carl J. Calnero, the attorney for Stewart Title, said the defendants agreed to settle when the plaintiffs in mid-trial reduced their monetary demands. Calnero said it would have cost the defendants more money to continue the trial than to settle the case. He said the defendants continue to deny any wrongdoing.

Jack V. Valinati, who represented the plaintiffs, declined to comment on the settlement. One of the plaintiffs, Darlyne Andrus, said she wanted to press on with the case, while another, Darlene Record, said she never wanted to go to trial in the first place.


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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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