Long

FACTS AND PROCEDURAL HISTORY

In September 2005, the Longs purchased a home in Costa Mesa, California. They borrowed $650,000 from Paul Financial, LLC, to pay a portion of the purchase price and signed a promissory note and deed of trust as security for the loan. The deed of trust designated Paul Financial as the lender, Foundation Conveyancing, LLC, as the trustee, and MERS as the beneficiary and nominee for Paul Financial and its successors and assigns.2 The deed of trust irrevocably granted and conveyed to the trustee the power

Defendants and respondents are OneWest Bank, FSB (OneWest), Mortgage Electronic Registration Systems, Inc. (MERS), Deutsche Bank National Trust Company (Deutsche Bank), Roger Stotts, and Vicki Brizendine. We shall collectively refer to all defendants and respondents as Defendants. “„MERS is a private corporation that administers the MERS System, a national electronic registry that tracks the transfer of ownership interests and servicing rights in mortgage loans. Through the MERS System, MERS becomes the mortgagee of record for participating members through assignment of the members‟ interests to MERS. MERS is listed as the grantee in the…