Bank of America, N.A. v. Jagruti Corp

17 Pa. D. & C.5th 292
CourtPennsylvania Court of Common Pleas, Montgomery County
DecidedAugust 17, 2010
Docketno. 2009-31604
StatusPublished

This text of 17 Pa. D. & C.5th 292 (Bank of America, N.A. v. Jagruti Corp) is published on Counsel Stack Legal Research, covering Pennsylvania Court of Common Pleas, Montgomery County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bank of America, N.A. v. Jagruti Corp, 17 Pa. D. & C.5th 292 (Pa. Super. Ct. 2010).

Opinion

FACTUAL AND PROCEDURAL HISTORY

CARPENTER, J,

— Defendant/ appellant, Jagruti Corporation (“Jagruti”), appeals from the June 7, 2010 order granting a motion for judgment on the pleadings (“motion”) in favor of plaintiff/appellee, Bank of America, N.A., successor in interest by merger to Fleet National Bank, successor in interest by merger to Progress Bank (“Bank of America”) and striking Jagruti’s counterclaim in this mortgage foreclosure action. An in rem judgment was entered in favor of Bank of America and against Jagruti for $325,118.35, plus interest from [294]*294September 30, 2009 at the rate of $91.47 per diem.1

On October 2, 2009, Bank of America initiated the underlying mortgage foreclosure complaint. In response, Jagruti filed only new matter and a counterclaim. Jagruti did not file an answer. Accordingly, all averments in the complaint were deemed admitted under Pa.R.C.P. 1029(b). Specifically, it is admitted that on April 2, 2002, Jagruti executed and delivered the Bank of America’s predecessor a promissory note (“note”) evidencing a loan in the principal amount of $320,000.00. Complaint ¶3. As security for the note, Jagruti executed and delivered to Bank of America a mortgage dated April 2, 2002, relating to a property located at 405 West Wood Street, Norristown, Pennsylvania. Id. at ¶4. The mortgage is recorded in the office of Montgomery County Recorder of Deeds on May 7, 2002, at mortgage book 8547, Page 1149. Id. The note and mortgage are in default by virtue of Jagruti’s failure to make payments thereunder when due. Id. at ¶7. As a result of the default on the note and another note, on April 1, 2009, Bank of America confessed judgment against Jagruti for $634,937.46, of which $307,007.29 was due on the note as of March 16,2009. Id. at ¶8. Interest continues to accrue after March 16,2009, at a rate of $91.47 per day pursuant to the note. Id. at ¶9.

In Jagruti’s new matter, Jagruti asserts that Bank of America is estopped from proceeding with this mortgage foreclosure because Bank of America has levied and attached the rents received on the subject property. New [295]*295matter ¶ 13. Additionally, it is averred that B ank of America is estopped from proceeding because Jagruti has entered into an agreement of sale to sell one of the buildings that is the subject of this and another mortgage foreclosure complaint.2 Id. at ¶15.

Along with new matter, Jagruti asserted a counterclaim, which asserted that Bank of America had made another loan to Jagruti’s sister corporation, that Bank of America sold the loan to a third party and that because Bank of America did not automatically pay the assignee of the sister corporation’s loan from the sister corporation’s bank account with Bank of America, a default judgment was caused in the sister corporation’s loan, which caused the assignee to take judgment and execute on the sister corporation. Specifically, it is alleged that Jagruti and its sister corporation, Shiva Corporation (“Shiva”), had a banking arrangement with Bank of America. Counterclaim ¶17. Jagruti owned the real estate at issue in this matter, and Shiva operated convenience stores in Montgomery County. Id. Jagruti and Shiva were obligated to Bank of America by separate notes. Id. at ¶18. The payment of the notes was under an arrangement by which Bank of America would deduct the monthly payment amounts from the separate accounts of each borrower. Under this arrangement all note payments were appropriately made. Id. at ¶19. Sometime in 2006 or early 2007, Bank of America assigned its note from Shiva to a Texas company, Brown Bark, LLP (“Brown Bark”). Id. at ¶21. It was requested that Bank of America continue its practice of deducting the amount due on the note from the Shiva bank account at Bank of America. When Brown Bark [296]*296did not receive any money form the Bank of America account it confessed judgment against Shiva and its two corporate officers, Atul Patel and Jagruti Patel. Id. at ¶¶20, 21. Based upon the confessed judgment, Brown Bark executed on the Shiva accounts at Bank of America, seizing a significant amount of money including an account which was dedicated to payment of Pennsylvania lottery funds. Id. at ¶22. The loss of a Pennsylvania lottery at Jagruti’s convenient stores would have been catastrophic. The Patel’s were forced to close all accounts at Bank of America, and reestablish new accounts at another bank. Id. at ¶23. The closing of Bank of America accounts and the execution of Brown Bark caused the convenient stores to lose their business relationship with firms supplying these stores with money orders. Id. at ¶24. Jagruti was thereafter unable to make further payments to Bank of America. Jagruti is being forced to sell its real estate to pay debts due as a result of the foregoing, and it faces the real possibility of bankruptcy if the sale referred to in new matter does not go through. Id. at ¶25. Bank of America breached its duties and undertakings with the Patels concerning the management of their finances in achieving the American Dream. Id. at ¶26.

Bank of America filed a response to Jagruti’s new matter and counterclaim on December 22, 2009. Thereafter, on December 23, 2009, Bank of America filed a motion for judgment on the pleadings, to which Jagruti filed a response. Oral argument was conducted on May 29, 2010. After carefully considering Bank of America’s Motion, Jagruti’s response, the briefs of both parties and the relevant case law, we issued the July 7,2010 order granting the motion for judgment on the pleadings, [297]*297from which Jagruti has appealed.

ISSUES

I. Whether Jagruti’s Counterclaim was properly stricken, when it was not a part of or incident to the creation of the mortgage.

DISCUSSION

I. Jagruti’s Counterclaim was properly stricken, when it was not a part of or incident to the creation of the mortgage.

a. Standard of review

Pennsylvania Rule of Civil Procedure 1034 provides that “[a]fter the relevant pleadings are closed, but within such time as not to unreasonably delay the trial, any party may move for judgment on the pleadings.” Pa.R.C.P. 1034(a). In ruling on a motion for judgment on the pleadings, the court should confine itself to the pleadings, such as the complaint, answer, reply to new matter and any documents or exhibits properly attached to them. A motion for judgment on the pleadings may only be granted where the pleadings demonstrate that no genuine issue of facts exists, and the moving party is entitled to judgment as a matter of law. Integrated Project Services v. HMS Interiors, Inc., 931 A.2d 724, 732 (Pa. Super. 2007)

On a motion for judgment on the pleadings, which is similar to a demurrer, the court accepts as true all well-pleaded facts of the nonmoving party, but only those facts specifically admitted by the nonmoving party may be considered against him. Mellon Bank v. National Union Ins. Company of Pittsburgh, 768 A.2d 865,868 (Pa. [298]*298Super. 2001).

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Bluebook (online)
17 Pa. D. & C.5th 292, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bank-of-america-na-v-jagruti-corp-pactcomplmontgo-2010.