Amount In Controversy Not Met; Suit Remanded To California State Court

(March 24, 2016, 3:36 PM EDT) -- SANTA ANA, Calif. — A California federal judge on March 17 remanded a suit alleging that a mortgage servicer violated California law by failing to follow procedural requirements when processing the homeowners’ loan modification because the amount in controversy does not meet or exceed the federal jurisdictional threshold of $75,000 (Richard Prepuse, et al. v. Caliber Home Loans, et al., No. 16-00267, C.D. Calif.; 2016 U.S. Dist. LEXIS 34931).

(Opinion available. Document #85-160412-033Z.)

Richard and Sheillamari Prepuse took out a loan, secured by a deed of...
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