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Response and Memorandum of Law

Response and Memorandum of Law

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Published by Foreclosure Fraud
4closureFraud.org
4closureFraud.org

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Categories:Types, Research, Law
Published by: Foreclosure Fraud on Jul 16, 2012
Copyright:Attribution Non-commercial

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08/02/2013

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STATE OF NORTH CAROLINACOUNTY OF GUILFORDIN THE GENERAL COURT OF JUSTICESUPERIOR COURT DIVISION12-CVS-4531Now Pending in the NC Business Court
 
GUILFORD COUNTY,
ex rel
. JEFF L.THIGPEN, GUILFORD COUNTYREGISTER OF DEEDS,Plaintiff,v.LENDER PROCESSING SERVICES, INC.;DOCX, LLC; LPS DEFAULT SOLUTIONS,INC.; MERSCORP HOLDINGS, INC.;MORTGAGE ELECTRONICREGISTRATION SYSTEMS, INC.; WELLSFARGO BANK, N.A.; WELLS FARGOHOME MORTGAGE, INC.; BANK OFAMERICA, N.A.; JPMORGAN CHASEBANK, N.A.; CHASE HOME FINANCELLC; EMC MORTGAGE CORPORATION;MIDFIRST BANK; SAND CANYONCORPORATION; CITI RESIDENTIALLENDING, INC.; GREEN TREESERVICING, LLC; AMERIQUESTMORTGAGE COMPANY; USAAFEDERAL SAVINGS BANK; AMERICANHOME MORTGAGE SERVICING, INC.;MOREQUITY, INC.; U.S. BANKNATIONAL ASSOCIATION;EQUICREDIT CORPORATION OFAMERICA; NATIONSCREDITFINANCIAL SERVICES CORP.; ARGENTMORTGAGE COMPANY, LLC; THEBANK OF NEW YORK MELLON; THEBANK OF NEW YORK MELLON TRUSTCOMPANY, N.A.; CAPITAL ONE, N.A.;FIRST FRANKLIN FINANCIAL CORP.;NAVY FEDERAL CREDIT UNION; andWEICHERT FINANCIAL SERVICES,Defendants.)))))))))))))))))))))))))))))))))))))))
 RESPONSE AND MEMORANDUM OFLAW IN OPPOSITION TODEFENDANTS’ MOTIONS TODISMISS
 
 - i -
TABLE OF CONTENTS
PageTABLE OF AUTHORITIES ...................................................................................................... iiiSTATEMENT OF THE CASE ...................................................................................................... 1PRELIMINARY STATEMENT ....................................................................................................3FACTUAL BACKGROUND ........................................................................................................ 4LEGAL ARGUMENT ................................................................................................................... 9I. Defendants Filed Partial Motions to Dismiss. ................................................................. 10II. Guilford County Has Article III Standing. ..................................................................... 11A. Guilford County has alleged injury in fact. ......................................................... 131. Legal obligation to maintain public recording system. ............................ 132. Costs of time and financial resources to restore integrity to publicrecording system. ......................................................................................143. Economic and social harms suffered by Guilford Countyand its citizens. ......................................................................................... 15B. North Carolina law imposes duties on Guilford County and its Registerof Deeds (and ultimately Defendants) related to the Registry of Deeds. ............. 16C. MERS, Inc.’s designation as a mortgagee is not legal and does impairchains of title. ....................................................................................................... 19D. Guilford County has suffered an injury in fact that is not speculativeor remote. .............................................................................................................. 20III. Guilford County Has Stated a Claim Under the Unfair and Deceptive TradePractices Act. ................................................................................................................... 23A. Guilford County has statutory standing to sue for UDTPA violations. ............... 23B. The misconduct was unfair and deceptive, in or affecting commerce,and caused Guilford County injury. ..................................................................... 25
 
 - ii -C. N.C. Gen. Stat. Chapter 45 does not preempt this claim. .................................... 28IV. Guilford County Has Stated a Claim for Unjust Enrichment. ........................................ 29V. Guilford County Has Stated a Claim for Violations of N.C.Gen. Stat. § 45-36.9. ........................................................................................................ 31VI. Guilford County Has Stated Claims Against Specific Defendants. ................................. 32A. North Carolina is a true notice pleading jurisdiction. .......................................... 33B. Guilford County’s Complaint meets and exceeds North Carolina’snotice pleading standard. .................................................................................... 34C. Defendants’ argument that Guilford County’s UDTPA claims aresubject to a heightened pleading standard is misguided and should bedenied. ...................................................................................................................36CONCLUSION ............................................................................................................................ 37

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