OUR TEAM

G. STEVE CARAVAJAL

Associate

Steve advises and represents businesses in all facets of litigation, contract disputes, and regulatory compliance.  He has managed cases throughout all steps of litigation at both the trial and appellate levels on behalf of numerous financial institutions ranging from community banks and credit unions to several of the largest banks, mortgage servicers, and title insurance companies in the country.  His clients come to him because Steve has always taken a proactive approach to identifying and eliminating legal risks in regulatory matters and he excels at resolving disputes in the most efficient and effective manners.

Prior to joining RBF Law, Steve practiced in the Chicago area where he gained substantial courtroom experience and developed his litigation skills including discovery, taking and defending depositions, witness preparation, dispositive motion practice, and bench trials.  Steve has more than a decade of experience representing financial institutions in disputes prior to, and arising out of, the 2008 financial crisis.  He has also counseled mortgage lenders and servicers on loan servicing practices, including in-house seminars for one of the largest non-bank mortgage servicers in the country. He brings a wealth of knowledge, professionalism, and litigation experience in a constantly evolving landscape.  Steve attended DePaul University College of Law in Chicago, Illinois where he also gained invaluable experience as an intern for the Honorable Jack B. Schmetterer of the U.S. Bankruptcy Court for the Northern District of Illinois and with the Chicago Office of the U.S. Trustee Program.  During law school Steve also served as a Rule 711 licensed law student with Chicago Volunteer Legal Services advocating for indigent clients in the areas of family law, bankruptcy, and guardianships.

SPECIFIC AREAS OF PRACTICE

  • Commercial Litigation
  • Real Estate Litigation
  • Consumer Fraud and Consumer Financial Services Litigation
  • Regulatory Compliance
  • Business Torts Litigation

SIGNIFICANT REPRESENTATIONS

Counsel to Lehman Brothers, where he assists in defending and prosecuting claims arising out of Lehman’s purchase, sale, and securitization of residential mortgage loans.

Prevailed on summary judgment on behalf of a mortgage servicer and RMBS trustee on an issue of first impression in Illinois courts regarding assignee liability and a borrower’s rescission notice under the Truth in Lending Act.

Obtained a favorable bench trial verdict on behalf of a mortgage servicer in a mortgage foreclosure where affirmative defenses of fraud and forgery were asserted by the estate of a deceased borrower.

Secured a dismissal with prejudice of all counterclaims against a mortgage servicer for alleged fraud, negligence, and alleged violations of the Truth in Lending Act, Real Estate Settlement Procedures Act, and Illinois’ Consumer Fraud Act.

Represented several mortgage servicers in litigation challenging the validity of their loans and security instruments due to alleged licensing violations.  In each case, favorable rulings were obtained that were influential and reflected in the subsequent amendments to the Illinois Residential Mortgage License Act of 1987.

Prevailed on summary judgment on behalf of a mortgage lender and against a contractor whose mechanics lien was determined to be unperfected and unenforceable with respect to the lender.

PROFESSIONAL AND COMMUNITY AFFILIATIONS

  •  American Bar Association – Sections of Litigation and Business Law
  • Colorado Bar Association
  • Denver Bar Association
  • Denver Legal Night Volunteer

Admitted to Practice

State Courts:

Colorado

Illinois

U.S. District Courts:

District of Colorado

Northern District of Illinois

U.S. Circuit Courts of Appeal:

Seventh

Education

DePaul University College of Law

J.D.

Ohio State University

Bachelor of Science