1 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 4 AMY VERA, et al., Case No. 25-cv-03436-SVK
Plaintiffs,
ORDER ON MOTION TO DISMISS
v. FIRST AMENDED COMPLAINT
LOANCARE, LLC, et al., Re: Dkt. No. 19 Defendants.
I. BACKGROUND This recitation of facts is taken primarily from the allegations of the First Amended Complaint (Dkt. 17 – “FAC”). This lawsuit concerns real property located at 2915 Glen Craig Court in San Jose, California (the “Property”). Dkt. 17 ¶ 1. In 2005, Plaintiff’s parents, Ia Vepa Saipaia and Louise Saipaia, purchased the Property. See id. ¶ 2. A Deed of Trust was recorded on July 11, 2005, identifying First Federal Bank of California as the beneficiary in the amount of $619,500 on a loan made in connection with the purchase of the Property (the “Loan”). Id. ¶¶ 2-3. The borrowers were identified in the Deed of Trust as “Ia Vepa Saipaia and Louise Saipaia Trustees of The Saipaia Family Trust dated October 24, 2004.” Id. ¶ 4. Plaintiff Amy Vera…