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LOUISIANA RECORD

Friday, March 29, 2024

Property owners allege Stonegate Mortgage has not offered proof of ownership of note

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NEW ORLEANS – The owners of a Mandeville property allege that a mortgage company unlawfully did not disclose that it had a financial interest in a promissory note.

Susannah Argote Leaming and Ethan Harold Leaming filed a complaint on May 16 in the U.S. District Court for the Eastern District of Louisiana against Stonegate Mortgage alleging that the mortgage company violated the Real Estate Settlement Procedures Act.

According to the complaint, the plaintiffs allege that they suffered irreparable harm and unnecessary expenses. The plaintiffs hold Stonegate Mortgage responsible because the defendant allegedly committed fraud by claiming possession of the promissory note. They allege the defendant has not offered any proof of ownership other than a statement from its counsel.

The plaintiffs request a trial by jury and seek an order that the mortgage be canceled and rendered null and void and unenforceable, award for costs of this action, attorney's fees and damages. They are representing themselves.

U.S. District Court for the Eastern District of Louisiana Case number 2:17-cv-04962

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