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Connors v. Home Loan Corp.

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA


August 25, 2008

RICHARD A. CONNORS, PLAINTIFF,
v.
HOME LOAN CORP. DBA EXPANDED MORTGAGE CREDIT, ET AL. DEFENDANTS.

The opinion of the court was delivered by: M. James Lorenz United States District Court Judge

ORDER GRANTING JOINT MOTION [doc. #30]; and DENYING AS MOOT MOTION FOR PRELIMINARY INJUNCTION [doc. #9]

Good cause appearing, plaintiff Richard A. Connors' ("Connors") and defendants America's Servicing Company ("ASC") and U.S. Bank, N.A. as trustee for Credit Suisse First Boston Heat-2005-2's ("U.S. Bank") Joint Motion [doc. #30] regarding the foreclosure sale on the real property located at 402 Paseo del Norte, Escondido, California (the "Property") is GRANTED as follows:

1. Plaintiff's motion for preliminary injunction is DENIED as moot [doc. #9] and the temporary restraining Order filed July 2, 2008 [doc. #6] is VACATED.

2. Plaintiff shall make a good faith payment to ASC in the amount of $10,000.00 no later than August 27, 2008 at 9:00 a.m., with such payment to be applied to reduce the balance of Connors' past-due obligations. Payment shall be made by cashier's check made out to ASC and delivered to ASC's counsel. Acceptance of the partial payment by ASC does not constitute reinstatement of the loan, does not waive Connors' default and shall not preclude ASC from proceeding with the scheduled foreclosure sale on or after September 16, 2008, as set forth in paragraph 5.

3. Provided plaintiff makes the good faith payment, the parties shall appear on August 27, 2008 at 9:00 a.m. before the Honorable Leo S. Papas, United States Magistrate Judge, for a settlement conference.

4. Plaintiff shall resume making monthly mortgage payments to ASC on September 1, 2008 in the amount of his monthly mortgage payments as of December 1, 2007.

5. ASC and U.S. Bank will voluntarily continue the foreclosure sale of the Property, which is presently scheduled for August 26, 2008, to a date in September which is on or after September 16, 2008.

IT IS SO ORDERED.

20080825

© 1992-2008 VersusLaw Inc.



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