Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_08-cv-00056/USCOURTS-cand-3_08-cv-00056-6/pdf.json

Nature of Suit Code: 220
Nature of Suit: Foreclosure
Cause of Action: 15:1640 Truth in Lending

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United States District Court

For the Northern District of California

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IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

RICARDO MARCELOS,

Plaintiff,

 v.

EDWIN MAURICIO PARADA

DOMINGUEZ, GLENDA PARADA,

LORENZO PARADA, VIKI RAAB,

COUNTRYWIDE HOME LOANS, ARGENT

MORTGAGE COMPANY, LLC,

PRIMESTAR FINANCIAL SERVICES,

SHOAIB MAHMOUD, FINANCIAL TITLE

COMPANY, NEW CENTURY TITLE

COMPANY, RECONSTRUCT COMPANY,

N.A., and DOES 1 through 100,

Defendants. /

No. C 08-00056 WHA

ORDER GRANTING

PRELIMINARY INJUNCTION

This order grants plaintiff Ricardo Marcelos a preliminary injunction enjoining the

owners of the loan, Countrywide, and the agents for Countrywide from foreclosing on Mr.

Marcelos’ home pending the resolution of this action. The five-thousand dollar bond will

remain in place. Plaintiffs will also pay $1900 per month on the first day of each month into a

fund established and maintained by plaintiff’s counsel, said fund to be kept intact and not to be

used for litigation expenses or fees. The Court and defendants must be immediately informed if

plaintiff misses a payment.

Discovery will proceed on the expedited schedule described during the hearing on

February 26, 2008. There will be a case management conference on April 24, 2008, at 11:00

Case 3:08-cv-00056-WHA Document 47 Filed 02/26/08 Page 1 of 2
United States District Court

For the Northern District of California

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a.m. All parties should be present (including the Paradas). Most discovery should be

completed by then. The Court will set a trial date at the case management conference.

The Court finds that there are serious questions going to the merits regarding violations

of the Truth in Lending Act, the right to rescind the loan based upon the alleged failure to

receive notice of rescission, and the alleged theft of $200,000 in loan proceeds. The Court

further finds that the balance of hardships tips sharply in plaintiff’s favor. The failure to grant

an injunction will result in the irreparable loss of the family home if the foreclosure were to go

forth. See First Brands Corp. V. Fred Meyers, Inc., 809 F.2d 1378, 1381 (9th Cir. 1987).

IT IS SO ORDERED.

Dated: February 26, 2008. WILLIAM ALSUP

UNITED STATES DISTRICT JUDGE

Case 3:08-cv-00056-WHA Document 47 Filed 02/26/08 Page 2 of 2