Opinion ID: 2751916
Heading Depth: 3
Heading Rank: 4

Heading: Foley's Lawsuit

Text: With the threat of foreclosure looming, Foley filed a pro se suit in Plymouth Superior Court in Massachusetts.5 The complaint alleged breach of contract (Count One), violation of Mass. Gen. Laws ch. 244, §§ 35A and 35B (Count Two), violation of Mass. Gen. Laws ch. 93A (Count Three), and breach of the implied covenant of good faith and fair dealing (Count Four) for the bank's alleged mishandling of Foley's loan modification requests. Namely, Foley alleged that the bank misled him about his rights under the settlement agreement, misguided him during the modification process, and altogether ignored his modification requests. Foley's complaint ultimately sought specific performance of the settlement agreement and some unspecified damages. Foley also moved for a temporary restraining order and preliminary injunction, in an effort to stave off the foreclosure scheduled to take place about a week later. Wells Fargo removed the case to federal court, where Foley renewed his motion for preliminary injunctive relief. In opposing the injunction motion, Wells Fargo submitted a letter dated July 30, 2013. The letter stated that Foley was denied HAMP relief because his monthly loan payment would amount to 58 percent of his gross monthly income. As to MAP2R, the letter indicated: 5 Foley proceeded in both the state and federal trial courts pro se, but obtained counsel for his appeal. -10- MAP2R provides guidelines to reduce a borrower's monthly mortgage payment to 34.00% of their gross monthly income. Under the MAP2R guidelines, we were unable to sufficiently adjust the terms of the loan to achieve an affordable housing payment reflective of 34.00% of your gross monthly income.[6]