Dickson et al v. Bank of America National Association et al

Filing 7

ORDER: Granting Motion for a Temporary Restraining Order 3 . Hearing is set for 2/29/2012 at 08:30 AM in Medford Courtroom before Judge Owen M. Panner on whether to issue a preliminary injunction. Signed on 2/15/2012 by Judge Owen M. Panner. (dkj)

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IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF OREGON JANENE DICKSON and DANIEL DICKSON, Plaintiffs, Civ. No. 12-234-PA TEMPORARY RESTRAINING ORDER v. BANK OF AMERICA NATIONAL ASSOCIATION and RECONTRUST COMPANY, N.A., Defendants. PANNER, J. Plaintiffs seek an ex parte temporary restraining order to enjoin the foreclosure sale of their house. Plaintiffs allege the house is scheduled for a foreclosure sale on either February 16 or February 21, 2012, and that defendants have not complied with the legal requirements for a valid non-judicial foreclosure. I Specifically, plaintiffs allege defendants failed to record all assignments of the trust deed in t county land records prior to initiating the foreclosure proceedings. In Oregon, a party initiating non judicial foreclosure proceedings must record all assignments of the trust deed. ORS 86.735(1); Hooker v. Northwest 1 - ORDER Trustee Services, Inc., 2011 WL 2119103, *3 (D. Or. May 25) (citing Burgett v. MERS, 2010 WL 4282105, at *2 (D. Or. Oct. 20) and In re McCoy, 2011 WL 477820, at *3-4 (Bankr. D. Or. Feb. 7)). Plaintiffs allege MERS is listed as the beneficiary on the deed of trust at issue. Because of the alleged imminent reclosure sale, and because the presence of MERS demonstrates a high probability that defendants did not comply with the recording requirements of the Oregon Trust Deed Act, I grant plaintiffs' request for a temporary restraining order (#3). Defendants, and their officers, agents, etc .. 0' and other persons in act concert or participation with defendants, who receive actual notice of this order, are restrained from conducting a reclosure sale for the following property: 2151 Milford Road, Medford, Oregon, from this day until February 29, 2012, at 5:00 p.m. This court will hold a hearing on whether to issue a preliminary injunction at 8:30 a.m. on February 29, 2012, in the James A. Redden Courthouse in Medford. IT IS SO ORDERED. DATED this I~day of February, 2012, at ~.~pa.m. ~N~ OWEN M. PANNER U.S. DISTRICT JUDGE 2 ORDER

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