Patricia Gout, on behalf of herself and all others similarly situated v. Unison Agreement Corp., Unison Investment Management, LLC, and Real Estate Equity Exchange, Inc., CGC-25-629062 (Cal. Super. Ct.)
This class action complaint seeks relief for California borrowers against predatory mortgage lender Unison Agreement Corp. and its affiliates. The case asserts that the defendants dupe elderly and other unsuspecting homeowners into their so-called “shared equity option” products which are, in fact, usurious and unconscionable mortgage loans that illegally strip home equity from them in violation of California consumer protection laws.
On October 8, 2026, the court overruled Unison’s demurrer (similar to a motion to dismiss), in which the defendants had asserted that the lawsuit was barred by the statutes of limitations. The court found that the discovery rule tolled the statutes of limitations for the plaintiffs’ claims, because the plaintiffs were not on notice that, despite the defendants’ representations to the contrary, the product was a loan, created a debt, and involved interest.
Co-Counsel: Terrell Marshall Law Group PLLC; Gupta Wessler LLP; Law Office of Andrew J. Kubik; Elder Law & Advocacy; Blood, Hurst, and O’Reardon LLP
See all resources related to: Consumer Protection Regulation, High-Cost Credit, Homeownership & Foreclosure