Callahan v. Cregger et al

Filing 12

MEMORANDUM OPINION. Signed by District Judge Glen E. Conrad on 10/19/12. (jcj)

I TH E UN I
N
TED STATES DI
STRI COU RT
CT
FO R THE W ESTERN DI
STRI O F V I GW I
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CHA RLO TTESV I
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02T 19 2 1
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, JULA c.
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D AN I R.O STEEN a
EL
nd
RH ON D A G . STEEN ,
O

De or
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W I A M E,CA LLA H AN , R. Tr s e
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Ci lA c i n N o. 1 c 00023
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N

D AN I R.O STEEN ,
EL
RH ON D A G .O STEEN ,
D EU TSCHE BAN K N A TI A L TRU ST
ON
CO M PAN Y ,
RI
CHA R D T.
CREGG ER ,
o cw EN LO AN sERv l G ,LLc,a
cm
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sx xoN M O RTG AG E SERV I
CES,l C.
N ,

By: H o Gl n E.
n. e
Conr d
a
Chi U nie St t sD i ti tJ
ef t d a e sr c udge

D e e nt /
f nda s Appe l s
lee .

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om a nt l s
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$1 650. a s lr d t not wih ade oftus.W M C s e
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cm r ,
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m r
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a t hode oft noeunde U. Bn ptyCod j5 TheTr tet nfldt i t
nd he l r he t
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use he ie he nsnnt
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ee o voi he t e
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Se te e A g ee e a t a t nda tta f roft D e d ofConûr a i ofDee ofTr t
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und 11U. C.j548() Cot Twos kst voi t Sete ntAg e men a t Dee of
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nfr to f e f u t n e 1 S. j 4 ()1 nd . d n. 5 81 un
Thr e s ekst a d a oblga i a t t c r nthol roft dee oft u tunde t
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alg dyu p re tdo iia d e o tu t t s a tt 1 U. C. 5 4 a .
l e l n e fce rgn l e d f r s pz u n o 1 S. j 4 ()
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count
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II.

D i cussi
s
on
A.

St
andar o Re e
d f vi w

Th sa d r o a pelt rve f r h g a t o s mmayj d me ti d n v .S w
e tn a d f p lae e iw o t e rni f u r u g n s e o o ha
ng
v. to ,1 F.d7 , 9 (t Ci. 9 4 .A mo i p ryi e tte t sl r j dg n (f
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e tte t j d me ta ama trof a ' F d. Ci P. 6a .A g n n is ee it Sfte
n ild o u g n s te lw. e R. v. 5 () e uie su x ss ç h
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e d n ei s c t a ara o a ej r c udrtr av r itfrt en n v n p ry'
vie c s u h h t e s n bl u y o l eu n edc o h o mo i g a t.
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An es nv Lie t Lo b . n .4 7U. 2 2 2 8( 9 6 .I e au tn wh t e ag n ie
d ro . b ry b y l c, 7 S. 4 , 4 1 8 ) n v laig eh r e un
is e ss cou t mus c t u a 1f c sa r a o ei e e e i t lg mos f vor bl
s ue xit , rs t onsr e 1 a t nd e s nabl nf r nc s n he i ht t a a e

t t en n va t No rs nRugCo v Pa vza 5 F.d2 , 9 ( t Ci. 0 8 .
o h o mo n . u io
p. . r iin, 35 3 95 2 9 4h r 2 0 )
B.

A nal i
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i
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Cli un r1 U. C. 5 8 a( )B)
am de 1 S. j 4 ()1 (

The fr tc
is ountoft c pl i a l ge t tt Tr t e m a a d t t a f roft
he om a nt le s ha he us e
y voi he r ns e
he

De d ofContr tonofDe dofTr s a afa e c ya et rj548oft U.
e
imai
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ut s rudulnt onve nc mde
he S.
Ba pt y Code.Se ton 548 pr de t ta tu t ei a a danyta f r' a i e es i
nknl c
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ovi s ha r se d y voi
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r ns e 'of n nt r t n
t debt ' pr pe t t twa ma on orwihi t ye r oft daeoft flng oft
he
ors o ry ha s de
t n wo a s he t
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ba pty peii i t de o r cevedils t n ar as bl e ui l ntval 'i e ha
nknl c tton, f he bt r e i te s ha e ona y q va e
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f s hta f r a t de orwasi ol nton t daeoft ta f rorwa ma i ol nt
or uc r nse , nd he bt
ns ve
he t he r ns e
s de ns ve

4

2

a ar s l o s c ta se . 1 U. C. 5 8 a.Th p risd n tds uet a t ed b o wa
s e ut f u h rn fr 1 S. j 4 () e a t o o ip t h t h e tr s
e
i ol nta t tmeoft ta f rort tt tanse occ r e wihi t yea soft Ose ns
ns ve t he i
he r nse
ha he r f r u r d t n wo r he t e '
ba
nknm t pe ii n. A ti s i whe he t t a f rwasi exc nge f r s nabl e va e
cy tt o
s ue s t r he r ns e
n ha
or ea o y qui l nt

vaue
l .

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e r ç le's ei e n 48 s d o e t o aifcin r e u ig fapr s n
v
p
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r ntc d n d b fte e tr' 1 S. j 4 ()2 ( e h ss d e ) e au a h
'
pa t r eve i s c i a e ede de i t vaue oft f ndsdibur e t t de or a
ry ec i s n e urng nt c nt bt s he l
he u
s s d o he bt , nd
t g r nt ofr pa e o s h f
he ua a ee e ym nt f uc undst t c e t . Ca el w m a scl a t tt a f r m a
o he r dior s a
ke e r ha r ns e s y

no bea de t rj5 meeybe us t c i r tonc it ofs lrda e ede
t voi d mde 48 rl ca e he onsde ai onsss ecze ntc nt
de .Se Pe er v.
bt e r ia Dow Che Co.tn r Trc I 'Hol nas 1 .,287B. 98,11 t kz
m. ' e a e ntl di .nc)
l
R.
0 Ban .

S. N. 2 0 )(Tr c 1 (t y n o a tc d n d b . . o t ue s s fiin
D. Y. 0 2 s a e ' t me t f ne e e t e t . c nsi tl) u fce t
) pa
t
c i rton ,...) Anandv. tona Re i Bn ofChiag (nr Ana , B. 511
onsdeai
';
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Nai l publc nk
c o 1 e nd) 239 R. ,
51 ( D.11 1 9)(çheei nodiput t tc ltrlz tonofa a ec de de conf s
7 N. 1. 99 d- r s
f
s e ha olaeaiai
n nt e nt bt er
val on t de or snc t bn pt y saut sdei ton ofç l i l
ue he bt , i e he nknl c t t e' fnii
vaue' ncudeste urngofa
sc i

p e e to a tc d n d b o ted b o .' I r Co nd wno Co n ciu l c,1 5B. 1 ,
r s n r n e e e t e t f h e tr' n e u to f n e tc t n . 1 R. 8
);
2S cin5 8a()po ie i f1:
e t 4 ()1 rvd s n u1
o
Thetu tema a oi a yta se (n ldn a yta se t o frteb n fto a isde u d r
rse y v d n rn fr icu ig n rn fr o r o h e ei f n n i r n e
a e lyme tc nrc)o a itrs o t d bo i p o et, ra yo l ain(n l iga
n mpo n o ta t f n nee t fhe e tr n r p ry o n bi t icudn ny
g o
o iaint o frteb n f o a isd ru d ra e ly n c nrc)ic re b t d bo,
bl to o r o h e ei f n n ie n e n mpo me t o ta t n urd y he e tr
g
t
t twa ma ori red on orwihi 2 ye r beor t da eoft tlng oft peiin,i t
ha s de ncu r
tn
a s f e he t
he ii
he tto f he
de orvolmtrl ori untrl
bt
t a iy nvol aiy-

B)i rc ie ls ta arao a l e uv ln v lei e c a g frsc ta fro o iain
() e ev d es h n e s n by q iae t au n x h n e o u h rnse r bl to ;
g
and

(i()wa i ov n o tedaeta sc ta frwa ma eo s c o lg to wa ic re o
i I s nsle t n h t h t u h rnse s d r u h biain s n urd, r
)
bec mei ol ntasar ulofs hta froroblg i
a ns ve
es t uc r nse
iaton;

(1 wa e g g di b sn s o ata scin o wa a o t oe g g i b sn s o ata scin
1) s n a e n uie s r rn ato , r s b u t n a e n u ie s r rn ato ,
f rwhi a pr ryr m ani wih t de t rwasa u e o bl s alca t l
o
ch ny opet e i ng t he b o
n nras na y m l pia;

(1)itnd dt ic r o b l v dta ted bo wo l i t,d bsta wo d b b y n te
11 ne e o n u, r ei e h t h e tr ud nct e t h t ul e e o d h
e
r
debt ' a lt t pa a s h de sm aur d;o
ors biiy o y s uc bt t e r

(V)ma es c ta se t o frteb n f o a isd ro ic re sc o lg to t
1
d u h rn fr o r o h e ei f n n ie, r n urd u h biain o
t

orf t be t ofan i i r t ra e plym e c ta ta no i t or nay c s of
or he nek
nsde, mde n m o nt onr c nd t n he di r oure
busne s
i s.

21( n r Co n.1 9 )(ttngt tu d rç d j5 8 d ()A)a a tc d n d b c n ttts
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l or he a i
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t
de or( s notha t bec e a ouswiht d e ntsl nt t de or).
bt doe )
ve o ontmporne
t he efnda ' oa o he bt '
Ther l ntque ton t n bec swhehe t val e ha d by t c lt r i ton
eeva
si he
ome
t r he ue xc nge
he ola ealzai
ofapa tde consiut sC e ona y eq vae vaue. TheTr se c r c l poi so t tt
s bt
tt e t as bl ui lnt l '
r
'
u t e ore ty nt ut ha he
de e na i ofr as bl eq vaen vaue i ge r ly f ts cii a mus bem e sze by
t nni ton e ona y ui l t l s ne al ac pe fc nd
t
a lr d
l ki a t t aiy oft cic tnc s Ofi a Comm .ofUns cle Cr dior v.
oo ng t he ot lt
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e tr d e t s

W a h va(nr Helg Me r Co. 2 7B. 4 , 2( n r E. Va 2 0 ) s eas l r
c o i I e i - yes ) 9 R. 6 5 Ba k . D. . 0 3 ) e lo n e
i
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o d n 3 2 R. 2 , 41 Bal . I a o 0 8 ç
k
Th ee i ain f e s n be
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qui lnce
t
de s he i
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e f

t de orscedior (st whehe t ta frldt di nutonofade o ' prpeii
he bt ' r t s a o t r he rnse e o1 mi i
btrs e tton

a s t.) Ho ve, s c u t ta h v c nsd r dt eq e to h ved tr n dt a t e
s es' . we r mo t o rs h t a e o ie e h u sin a eemie h t h
'
s c ii to ofantce ntde wilnea l awa n
e urtzai n
e de
bt l ry l ys mountt r a ona y eq vaen vaue
o e s bl ui l t l .

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4 4) li n h r t s
t tt de t ' g a ofa s c iy i e e tt gua a e apror$30m ilon l n ne e s rl
ha he b ors r nt
e urt nt r s o r nt e i
li oa c s a iy

c n t e r a o a l e ui ln v le eCo r r a o dt a tth sc rt itrs d dn t
o si d e s n by q vae t au .Th u t e s ne h tç l e e u iy n ee t i o
mt
g
pr det Lende swih arghtt r cevea hi m or t n t a
ovi he
r t i o e i nyt ng e ha he mountoft mone t y ha
he
y he d
pr de a t de or sla lte di no i r as d t t s c iy i e e t' l a 841
ovi d, nd ht bt ' ibiiis d t nc e e ue o he e urt nt r s . d. t .
'
The Cour hed t twhe a e e ntde c tt t C r wed mone t twa a t ly
t l ha
n nt c de
bt onsiu es l o
bor
y ha s cua l
r c i d,' he s c ii to oft tve y s m e de w ilus ly n ot tt r as bl e va e
e e ve ' t e urtza i n ha r a
bt l ua l m m o e ona y qui l nt
val I a 841,844.
ue. d. t

6

Si ia l i l r Ana t dititc r a fr t ba pt c tsde ii n
m l ry, n n e
nd, he src ou t fimed he nknl cy our' c so
hol ng t tt a s g e ofi e es i r lesat asc l t r lt s c e pa tba l ns
di ha he s i nm nt nt r t n ea t e ola e a o e m
s nk oa

n mt d t r as bl e valntval . 239 B. at51 TheCou tnot d t ti wa
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