David W. Perry v. Cam XV Trust

579 S.W.3d 773
CourtCourt of Appeals of Texas
DecidedJune 18, 2019
Docket01-17-00978-CV
StatusPublished
Cited by6 cases

This text of 579 S.W.3d 773 (David W. Perry v. Cam XV Trust) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
David W. Perry v. Cam XV Trust, 579 S.W.3d 773 (Tex. Ct. App. 2019).

Opinion

Opinion issued June 18, 2019

In The

Court of Appeals For The

First District of Texas ———————————— NO. 01-17-00978-CV ——————————— DAVID W. PERRY, Appellant V. CAM XV TRUST, Appellee

On Appeal from the 157th District Court Harris County, Texas Trial Court Case No. 2014-61171

OPINION

This appeal arises out of a suit for judicial foreclosure. Cam XV Trust sued

David W. Perry, alleging that he defaulted on a home-equity loan and that the

Trust lawfully accelerated his debt. The Trust successfully moved for summary

judgment on its foreclosure claim. Perry appeals on four issues, contending that: (1) the Trust’s foreclosure claim is barred by the statute of limitations; (2) the Trust’s foreclosure claim is barred by the doctrine of res judicata; (3) the Trust failed to conclusively prove its claim for foreclosure; and (4) the Trust failed to conclusively disprove Perry’s defense asserting that its lien was void and unenforceable due to a constitutional violation.

We reject Perry’s contentions and affirm the trial court’s summary judgment.

BACKGROUND

The history of the foreclosure dispute between the Trust (and its

predecessors-in-interest) and Perry is convoluted. For brevity’s sake, we

summarize only those details that are material to the appellate issues. Because

there is no dispute that the Trust is the successor-in-interest of the original lender,

we omit its chain of predecessors-in-interest and refer only to the Trust.

Perry took out a $140,800 home-equity loan from the Trust in 2005. To

secure repayment, the Trust required Perry to sign a security instrument in addition

to the note. The security instrument granted the Trust a first-lien security interest in

Perry’s home.

In 2010, Perry and the Trust became embroiled in a payment dispute. On

September 3, the Trust notified Perry that the loan was in default because of his

failure to make the required payments. It advised Perry that if he did not cure the

default by October 3, “the mortgage payments will be accelerated with the full

amount remaining accelerated and becoming due and payable in full, and

2 foreclosure proceedings will be initiated at that time.” When Perry failed to cure

the default, the Trust sent him further notice on October 3 stating that it had

“elected to accelerate the maturity” of his debt.

In March 2012, Perry sued the Trust, alleging that it had made

misrepresentations about modifying the loan’s terms and thereby violated the

Texas Deceptive Trade Practices Act (DTPA). The Trust obtained a final no-

evidence summary judgment in its favor in the 2012 suit.

The Trust filed the present suit for judicial foreclosure on October 20, 2014.

Perry filed a general denial. He asserted two affirmative defenses, alleging that the

Trust’s foreclosure claim was barred by the statute of limitations and that the debt

was void because the Trust had violated the Texas Constitution. He asserted

counterclaims to remove cloud and quiet title and for declaratory judgment based

on these same two grounds. Both parties moved for summary judgment on the

Trust’s foreclosure claim. Perry’s summary-judgment motion was based on the

affirmative defenses of limitations and res judicata. The trial court denied Perry’s

motion, granted the Trust’s motion, and rendered a judicial-foreclosure judgment.

Perry moved for reconsideration, which the trial court denied.

DISCUSSION

We review summary judgments de novo. City of Richardson v. Oncor Elec.

Delivery Co., 539 S.W.3d 252, 258 (Tex. 2018). Traditional summary judgment is

3 proper when the material facts are not disputed and the moving party is entitled to

judgment as a matter of law. TEX. R. CIV. P. 166a(c); Oncor, 539 S.W.3d at 258–

59. When both parties move for summary judgment and the trial court grants one

motion and denies the other, we decide all questions presented and render the

judgment that the trial court should have rendered. Oncor, 539 S.W.3d at 259.

I. Statute of Limitations

The Trust filed its foreclosure suit on October 20, 2014. Perry contends that

the four-year statute of limitations already had expired by that time.

The Trust notified Perry that he was in default on September 3, 2010. In this

notice, the Trust informed Perry that if he did not cure the default “on or before

October 3, 2010, the mortgage payments will be accelerated with the full amount

remaining accelerated and becoming due and payable in full, and foreclosure

proceedings will be initiated at that time.” Perry therefore argues that his debt was

accelerated on October 3, 2010 and that the Trust had to file suit within four years

of that date. See TEX. CIV. PRAC. & REM. CODE § 16.035(a). Perry relies on the

acceleration provision of the home-equity security instrument, contending that it

gave the Trust the right to serve a single notice of default and acceleration and that

the Trust did so in its September 3 letter.

The Trust responds that its September 3 letter was merely a notice of default

and intent to accelerate the maturity of Perry’s debt. According to the Trust, it did

4 not exercise its right to accelerate until October 20, 2010, when it sent Perry a

notice of acceleration that stated it had not received payment of the past-due

balance and therefore “elected to accelerate the maturity of the debt.” The Trust

therefore maintains that the four-year statute of limitations began to run when it

gave its October 20 notice, not on October 3. The Trust maintains that when a

security instrument gives a lender the option of accelerating the debt, the lender

must provide separate notices of default and acceleration and that limitations

begins to run only when the latter notice is given.

In relevant part, the instrument’s acceleration provision provides that:

Lender shall give notice to Borrower prior to acceleration. . . . The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice will result in acceleration of the sums secured by this Security Instrument and sale of the Property. . . . If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law.

Perry contends that this acceleration provision gave the Trust the right to

accelerate his debt without further notice if he did not cure any default identified in

the September 3 notice by the date specified—October 3. He further contends that

the Trust did so by the plain terms of its September 3 letter.

5 Perry’s contention is incorrect. A debtor ordinarily has a right to separate

notices of the intent to accelerate a debt and the actual acceleration of that debt.

Holy Cross Church of God in Christ v. Wolf, 44 S.W.3d 562, 566 (Tex. 2001). He

may waive the right to these notices, but any such waiver must be clear and

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