Sound Appraisal v. Wells Fargo Bank, N.A.

ORDER GRANTING DEFENDANTS’ MOTIONS TO DISMISS

Plaintiffs Sound Appraisal and Savage Appraisal Services, Inc., on behalf of themselves and all others similarly situated, charge Defendants Wells Fargo Bank, N.A. (Wells Fargo) and Valuation Information Technology, LLC, d/b/a Reis Valuation (Reis) with violating the California common law right to fair procedures. Defendants move separately to dismiss Plaintiffs’ complaint. Plaintiffs oppose the motions. Having considered all of the papers filed by the parties, the Court grants Defendants’ motions to dismiss.

BACKGROUND

The following allegations are taken from Plaintiffs’ first amended complaint (FAC). Plaintiff Sound Appraisal is a sole proprietorship with its principal place of business in Puyallup, Washington. Plaintiff Savage Appraisal Services, Inc. is an S corporation with its principal place of business in Vail, Colorado. Sound Appraisal and Savage Appraisal provide residential real estate appraisals to mortgage brokers and mortgage lenders.

Defendant Wells Fargo is a national banking association chartered in Sioux Falls, South Dakota and headquartered in San Francisco, California. It is a diversified financial services…