Garcia vs. World Savings Assn (Wells Fargo)

Joseph W Creed

Case Conclusion Date:February 1, 2011

Practice Area:Real Estate

Outcome:Settlement

Description:In a case involving the breach of an oral promise to postpone a foreclosure sale, won appeal of an adverse summary judgment ruling. California Court of Appeals, in a major decision, held that promissory estoppel was available as a cause of action where a servicer/lender made a promise to postpone foreclosure and the borrower changed their position in reliance on that promise.