Psarakis

Psarakis v. World Business Lenders Inc

Good Law
United States District Court, Northern District of CaliforniaDecember 17, 20203:20-cv-08868California1,487 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

NIKOLAOS PSARAKIS, et al., Plaintiffs, No. C 20-08868 WHA

v.

WORLD BUSINESS LENDERS INC, et ORDER GRANTING al., TEMPORARY

RESTRAINING ORDER

Defendants.

Plaintiffs Nikolaos and Panagiota Psarakis seek a temporary restraining order against the sale of their family home in California scheduled for December 17, 2020, at noon. A Fair Debt Collection Practices Act claim secures supplemental jurisdiction. 28 U.S.C. § 1367; 15 U.S.C. §§ 1692 et seq. For the reasons that follow, relief is GRANTED. According to the sworn declaration, plaintiffs, Greek immigrants with little English proficiency, fell prey to predatory lending, or at least to a predatory broker. They sought a mortgage on their family home and, through contacts in the Greek community, found defendant Pete Boudouvas, a self-styled mortgage broker. Boudouvas told plaintiffs to transfer title to their home to their butcher-shop business and secured them a supposedly weeks-long,…

Sign in to read the full opinion

Create a free account to read the complete opinion text, citation history, and good-law status for this case.