THE DISPUTE
USA, Texas, Energy & Natural Resources, Insolvency & Restructuring, Litigation, K&L Gates LLP, European Securities and Markets Authority, Title 11 of the US Code, United States bankruptcy court
The Ninth Circuit recently limited the availability of diversity jurisdiction for certain cases with claims involving mortgage loan modifications. Specifically, in Corral v. Select Portfolio Servicing, Inc., the Ninth Circuit held that, where the plaintiff-borrower “seeks only a temporary stay of foreclosure pending review of a loan modification application … the value of the property or amount of indebtedness are not the amounts in controversy.” — F.3d —-, 2017 WL 6601872, at *1 (9th Cir. Dec. 27, 2017).
USA, Banking, Insolvency & Restructuring, Litigation, Real Estate, K&L Gates LLP, Foreclosure, Ninth Circuit