Bank of New York Mellon v. Azure Estates Owners Association

CourtDistrict Court, D. Nevada
DecidedJanuary 16, 2020
Docket2:17-cv-00980
StatusUnknown

This text of Bank of New York Mellon v. Azure Estates Owners Association (Bank of New York Mellon v. Azure Estates Owners Association) is published on Counsel Stack Legal Research, covering District Court, D. Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bank of New York Mellon v. Azure Estates Owners Association, (D. Nev. 2020).

Opinion

1 UNITED STATES DISTRICT COURT 2 DISTRICT OF NEVADA 3 BANK OF NEW YORK MELLON, Case No.: 2:17-cv-00980-APG-DJA

4 Plaintiff Order (1) Granting Plaintiff’s Motion for Summary Judgment and (2) Denying 5 v. Defendants’ Motions for Summary Judgment 6 AZURE ESTATE OWNERS ASSOCIATION, et al., [ECF Nos. 53, 54, 64] 7 Defendants 8

9 Plaintiff Bank of New York Mellon (BONY) sues to determine whether a deed of trust 10 encumbering property located at 6108 Dogwood Falls Court in North Las Vegas, Nevada was 11 extinguished by a nonjudicial foreclosure sale conducted by a homeowners association (HOA), 12 defendant Azure Estates Owners Association (Azure). Falls Family Trust purchased the property 13 at the foreclosure sale and later quitclaimed the property to defendant Ricardo Fojas (Fojas). 14 BONY seeks a declaration that the deed of trust still encumbers the property and it asserts 15 alternative damages claims against Azure and Azure’s foreclosure agent, defendant Nevada 16 Association Services, Inc. (NAS). BONY also seeks to judicially foreclose on the former 17 homeowners, defendants Michael and Stephanie Rumpel, or alternatively to obtain damages 18 against Michael Rumpel for breach of contract. Fojas counterclaims for declaratory relief that 19 the HOA sale extinguished the deed of trust. Fojas also filed cross-claims against Azure and 20 NAS for damages if it is determined that the deed of trust survived the foreclosure sale. 21 BONY moves for summary judgment, arguing that its prior loan servicer, BAC Home 22 Loans Servicing, LP (BAC), tendered the superpriority amount and thereby preserved the deed 23 of trust. Azure moves for summary judgment, arguing it had a good faith basis to reject the 1 tender, the tender was impermissibly conditional, and there is no basis for the damages claims 2 against it because there was nothing wrongful about the foreclosure. Fojas moves for summary 3 judgment, adopting Azure’s good faith argument and arguing that the equities weigh in his favor 4 as a bona fide purchaser. Fojas argues for the first time in his reply brief that the tender should 5 have been recorded. He also argues for the first time in his reply brief that BONY’s motion

6 should be denied as premature because the judicial foreclosure claim is still pending and the 7 Rumpels have not filed an answer to the complaint. 8 The parties are familiar with the facts so I do not repeat them here except where 9 necessary. I grant BONY’s motion and deny Azure’s and Fojas’s motions because no genuine 10 dispute remains that BAC tendered the superpriority amount, thereby extinguishing the 11 superpriority lien and rendering the sale void as to the deed of trust. I dismiss as moot BONY’s 12 alternative damages claims against Azure and NAS. BONY’s judicial foreclosure and 13 alternative breach of contract claims and Fojas’s cross-claims against Azure and NAS remain 14 pending because no party moved for judgment on those claims.

15 I. ANALYSIS 16 Summary judgment is appropriate if the movant shows “there is no genuine dispute as to 17 any material fact and the movant is entitled to judgment as a matter of law.” Fed. R. Civ. P. 18 56(a), (c). A fact is material if it “might affect the outcome of the suit under the governing law.” 19 Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 248 (1986). A dispute is genuine if “the evidence 20 is such that a reasonable jury could return a verdict for the nonmoving party.” Id. 21 The party seeking summary judgment bears the initial burden of informing the court of 22 the basis for its motion and identifying those portions of the record that demonstrate the absence 23 of a genuine issue of material fact. Celotex Corp. v. Catrett, 477 U.S. 317, 323 (1986). The 1 burden then shifts to the non-moving party to set forth specific facts demonstrating there is a 2 genuine issue of material fact for trial. Fairbank v. Wunderman Cato Johnson, 212 F.3d 528, 531 3 (9th Cir. 2000); Sonner v. Schwabe N. Am., Inc., 911 F.3d 989, 992 (9th Cir. 2018) (“To defeat 4 summary judgment, the nonmoving party must produce evidence of a genuine dispute of material 5 fact that could satisfy its burden at trial.”). I view the evidence and reasonable inferences in the

6 light most favorable to the non-moving party. James River Ins. Co. v. Hebert Schenk, P.C., 523 7 F.3d 915, 920 (9th Cir. 2008). 8 Under Nevada law, a “first deed of trust holder’s unconditional tender of the superpriority 9 amount due results in the buyer at foreclosure taking the property subject to the deed of trust.” 10 Bank of Am., N.A. v. SFR Investments Pool 1, LLC, 427 P.3d 113, 116 (Nev. 2018) (en banc). To 11 be valid, tender must be for “payment in full” and must either be “unconditional, or with 12 conditions on which the tendering party has a right to insist.” Id. at 118. 13 BONY has established that the superpriority amount was tendered in full. The HOA 14 assessment was $42 per quarter. ECF Nos. 54-12 at 10; 54-13 at 3. Prior to the HOA foreclosure

15 sale, BAC tendered $126 to NAS to cover the superpriority amount of nine months of 16 assessments.1 ECF No. 54-12 at 13-17. NAS refused to accept the check. Id. at 17. Azure and 17 Fojas have presented no contrary evidence. Consequently, no genuine dispute remains that the 18 superpriority lien was extinguished and the property remains subject to the deed of trust. Bank of 19 Am., N.A., 427 P.3d at 121. 20 Azure and Fojas raise several arguments as to why tender nevertheless did not extinguish 21 the superpriority lien. None raises a genuine dispute precluding summary judgment. 22

23 1 There were no nuisance abatement or maintenance charges related to this property. ECF No. 54-14 at 6-7. 1 A. Good Faith Rejection of Tender 2 Azure and Fojas argue that NAS rejected the tender in good faith because BAC did not 3 offer to pay the entire amount of the HOA’s lien. But Azure and Fojas present no evidence as to 4 why NAS rejected the tender or that it did so in good faith. Moreover, the Supreme Court of 5 Nevada has rejected similar arguments in similar cases. See, e.g., Nationstar Mortg., LLC v.

6 Jackel Properties, LLC, No. 75040, 435 P.3d 1224, 2019 WL 1244787, at *1 (Nev. 2019) 7 (stating that the foreclosure agent’s “subjective good faith in rejecting the tender is legally 8 irrelevant, as the tender cured the default as to the superpriority portion of the lien by operation 9 of law”). 10 B. Impermissible Conditions 11 Azure contends that the tender letter included an impermissible condition that the HOA 12 waive or subordinate its right to the portion of the superpriority lien consisting of maintenance 13 and nuisance abatement charges. The Supreme Court of Nevada has held that where there is no 14 evidence of maintenance or nuisance abatement charges, identical tender letters did not impose

15 impermissible conditions on tender.2 Here, there is no evidence of maintenance or nuisance 16 abatement charges, so the tender letter did not contain impermissible conditions. Additionally, if 17 such charges arose later, the HOA “would have been required to issue new foreclosure notices if 18

2 See Bank of Am., N.A., 427 P.3d at 117-18; BDJ Invs., LLC v. Bank of Am., N.A., No.

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Bank of New York Mellon v. Azure Estates Owners Association, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bank-of-new-york-mellon-v-azure-estates-owners-association-nvd-2020.