Bridget Brown Parson

CourtUnited States Bankruptcy Court, E.D. Texas
DecidedApril 9, 2019
Docket18-41511
StatusUnknown

This text of Bridget Brown Parson (Bridget Brown Parson) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, E.D. Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bridget Brown Parson, (Tex. 2019).

Opinion

IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF TEXAS SHERMAN DIVISION

IN RE: § § BRIDGET BROWN PARSON, § Case No. 18-41511 § (Chapter 13) Debtor. §

MEMORANDUM OPINION AND ORDER

This case is before the Court on the objections of the debtor, Bridget Brown Parson, to the proofs of claim filed by Select Portfolio Servicing, Inc. [Docket Nos. 26, 60, 64, and 75] and Ocwen Loan Servicing [Docket No. 27]. The Court conducted an evidentiary hearing on the objections on January 9, 2019, February 7, 2019, and March 21, 2019. The Court exercises its core jurisdiction over this contested matter. See 28 U.S.C. §§ 157(b)(2)(A), (B) and (O) and 28 U.S.C. § 1334. The Court incorporates its rulings on the record and, in addition, makes the following findings of fact and conclusions of law. See FED. R. BANK. P. 7052, 9014. I. FINDINGS OF FACT A. The Debtor’s Two Homes 1. The debtor owns two residential real properties. The debtor currently lives in a home located at 508 Grady Lane in Cedar Hill, Texas. She also owns a home located at 612 Penguin Drive in Dallas, Texas. The debtor inherited the Penguin Lane home from her mother. 2. On February 9, 2006, the debtor entered into a “Texas Home Equity Adjustable Rate Note” and “Texas Home Equity Security Instrument (First Lien)” with First NLC Financial Services, LLC, d/b/a the Lending Center whereby the debtor borrowed $84,000. The debtor’s obligation to repay the note is secured by a lien on the Penguin Lane home. In April 2011, the note and lien relating to the Penguin Lane home were transferred to Deutsche Bank National Trust Company, as trustee for Morgan Stanley IXIS Real Estate Capital Trust 2006-1 Mortgage Pass Through Certificates, Series 2006-1, its successors and assigns (“Deutsche Bank”). 3. On April 26, 2006, the debtor entered into another “Texas Home Equity Adjustable Rate Note” and “Texas Home Equity Security Instrument (First Lien)” with First NLC Financial Services, LLC, d/b/a the Lending Center whereby the debtor borrowed an additional $117,000.

The debtor’s obligation to repay the note is secured by a lien on the Grady Lane home. In addition, in December 2008, the debtor entered into a “Loan Modification Agreement” with LaSalle Bank National Association, which was the current holder of the note and lien. The modification agreement added unpaid fees and other charges to the unpaid principal, thereby increasing the unpaid principal balance to $141,373.45. In April 2012, the note and lien were transferred to U.S. Bank National Association, successor trustee to LaSalle Bank National Association, on behalf of the holders of Bear Stearns Asset Backed Securities I Trust 2006-HE7, Asset-Backed Certificates Series 2006-HE7 (“U.S. Bank”). B. The Debtor’s Northern District Bankruptcy Case

4. In 2015, the debtor filed a petition for relief under chapter 13 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas. 5. During her prior case, the debtor failed to make all the payments due post-petition with respect to her homestead on Grady Lane in Cedar Hill, Texas. U.S. Bank filed a request for relief from the automatic stay. The motion was ultimately resolved by an “Agreed Order Conditioning Automatic Stay” entered on July 15, 2016 (the “Grady Lane Agreed Order”). The Grady Lane Agreed Order states that the amount of the post-petition arrearage was $20,161.83. 6. During her prior case, the debtor also failed to make the payments due post-petition with respect to the Penguin Lane home. Deutsche Bank filed a request for relief from the automatic stay. The motion was ultimately resolved by an “Agreed Order Conditionally Modifying Automat Stay Against Property as to 612 Penguin Dr., Dallas, TX 75214.” (the “Penguin Lane Agreed Order”). The Penguin Lane Agreed Order states that the amount of the post-petition arrearage was $5,946.86. 7. The Penguin Lane Agreed Order also states that it is “ORDERED that in the event

this case is dismissed and not reinstated, the agreements reached between the parties in this order are canceled, of no further effect, and neither party shall be bound by any agreements made herein” 8. The Northern District bankruptcy court dismissed the debtor’s case on June 5, 2018, without issuing a discharge. Her case was not reinstated. B. The Debtor’s Eastern District Bankruptcy Case 9. The debtor promptly filed a new voluntary petition for relief under chapter 13 of the Bankruptcy Code with this Court on July 11, 2018. The debtor’s schedules listed less than $4,000 in unsecured debt. The primary purpose of her second bankruptcy was to address the secured debt she owes with respect to her two homes.

10. In her present bankruptcy case, Select Portfolio Servicing, Inc. (“Select”), as the agent for U.S. Bank, has appeared to assert the claim secured by the debtor’s homestead on Grady Lane. Ocwen Loan Servicing, LLC (“Ocwen”), as the agent for Deutsche Bank, has appeared to assert the claim secured by debtor’s second home on Penguin Lane. 11. The debtor claimed the Grady Lane home as her exempt homestead in her bankruptcy schedules. The debtor listed the market value of the Grady Lane home as $180,580 and she disclosed a mortgage on the home in the amount of $189,739.68. The debtor also listed pre-petition arrearages in the amount of $9,418.31. 12. The debtor used what is known as the “wildcard” exemption (11 U.S.C. § 522(d)(5)) to claim $13,100 of her equity in the Penguin Lane home as exempt from her creditors. The debtor listed the value of the Penguin Lane home as $136,350 and she disclosed a mortgage on the home in the amount of $72,000 in her bankruptcy schedules. The debtor also listed arrearages in the amount of $4,496.25.

13. The debtor filed a proposed plan of reorganization at the same time as her bankruptcy petition. With respect to her monthly mortgage payments, the debtor proposed to make direct, monthly payments to (1) Select in the amount of $1,045 and (2) Ocwen in the amount of $835.24, thereby keeping the mortgages current post-petition. 14. The debtor proposed to cure her pre-petition arrearages by making payments to the chapter 13 trustee over 60 months, which the chapter 13 trustee would distribute to Select and Ocwen. The debtor stated in her plan that her projected total cure payment was $9,418.31 for Select and $4,496.24 for Ocwen. 15. Select and Ocwen objected to confirmation of the debtor’s proposed plan. They

argued, among other things, that the plan understated the amount of debt, especially arrearages, the debtor owed with respect to the two homes. Although the debtor was represented by counsel, she filed her own responses to their objections to her proposed plan. The debtor challenged the accuracy of their claimed arrearages, among other things, in her responses. 16. On September 17, 2018, counsel for the debtor filed a motion to withdraw. The debtor objected to the motion, and the Court scheduled a hearing for October 11, 2018. 17. The Court conducted a hearing on the debtor’s proposed chapter 13 plan on October 10, 2018. The Court entered an order confirming the plan following the hearing. The confirmation order, as amended, stated that the parties agreed that the debtor’s claim objections would be resolved post-confirmation through the claim objection process. 18. The Court conducted a hearing on counsel’s motion to withdraw from his representation of the debtor on October 11, 2018. The Court granted the motion at the end of the hearing for the reasons stated on the record. The Court entered an order granting the motion on

October 18, 2018. C.

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Bridget Brown Parson, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bridget-brown-parson-txeb-2019.