Espino v. Statebridge Company LLC

District Court, D. Nevada·Decided September 17, 2025·No. 2:24-cv-02347·Unknown

Opinion

1 2 UNITED STATES DISTRICT COURT DISTRICT OF NEVADA 3 4 Elena Espino, Case No. 2:24-cv-02347-CDS-DJA

5 Plaintiff Order Granting Defendants’ Motion to Dismiss and Joinder 6 v.

7 Statebridge Company LLC, et al., [ECF Nos. 6, 13]

8 Defendants

9 10 Plaintiff Elena Espino, as trustee of the Rommel and Elena Espino Trust, filed this case 11 against defendants Statebridge Company, LLC; Wilmington Savings Fund Society, FSB; Sables, 12 LLC; Mortgage Electronic Registration Systems, Inc.; Universal American Mortgage Company, 13 LLC; and a series of yet-to-be identified individuals and entities. First am. compl. (FAC), ECF 14 No. 1-1 at 2–4. The defendants removed this action from Eighth Judicial District Court of Clark 15 County, Nevada. ECF No. 1. Espino, the current record owner, among her seventeen causes of 16 action, seeks a declaration that the defendants cannot enforce a deed of trust against the 17 property located at 6641 Blue Hawaii Ave., Las Vegas, NV 89110 (“the property”). See ECF No. 1- 18 1. Defendants Statebridge and Wilmington move to dismiss the FAC. Mot. to dismiss, ECF No. 19 6.1 Defendant Sables also seeks to join the motion to dismiss. ECF No. 13. 20 As the current trustee of record under the deed of trust, I find that Sables has a similar 21 interest in Wilmington’s and Statebridge’s arguments in its motion. Therefore, I grant Sable’s 22 request to join the motion. For the reasons set forth herein, I grant defendants Wilmington, 23 Statebridge, and Sables’s (collectively, “defendants”) motion without prejudice and with leave to 24 amend. 25 26

1 This motion is fully briefed. See Opp’n, ECF No. 10; Reply, ECF No. 15. 1 I. Background2 2 On or around November 1, 2005, Rommel3 and Elena Espino purchased the property 3 with funds obtained on a thirty-year first mortgage and a fifteen-year second mortgage, secured 4 by the property, both from Universal. ECF No. 1-1 at ¶ 16. The second loan was in the amount of 5 $94,300.00, secured by the second deed of trust (which identified Universal as the lender and 6 Mortgage Electronic Registration Systems, Inc. (“MERS”) as the beneficiary solely as a nominee 7 for Lender and Lender’s successors and assignees). Id. at ¶¶ 7–9, 16, 44, 252. 8 Espino has lived at the property since 2005 and has received mail there since that time. 9 Id. at ¶ 18. Around November 2008, Espino began to fall behind on payments on both mortgages. 10 Id. at ¶ 20. On April 13, 2009, Universal sold or assigned the first mortgage to US Bank N.A. and, 11 from then on, Espino received no further communication from Universal regarding the first or 12 second mortgages. Id. at ¶ 21. Espino claims that she did not receive 13 any emails, phone calls, monthly mortgage statement, demand letters, past due invoices, notices of default, or any other document which indicated Universal’s 14 intent to: 1) enforce the Second Mortgage, 2) get paid on the Second Mortgage, 3) calculate late fees or penalties for non-payment of the Second Mortgage, 4) accrue 15 interest on the Second Mortgage, or 5) foreclose on the Blue Hawaii Property in order to satisfy the debt which was secured by the Second Mortgage. The Second 16 Mortgage remained inert until 2023 . . . . 17 18 Id. at ¶ 22. 19 On April 13, 2009, Cooper Castle Law Firm LLP took over as substitute trustee of the 20 deed of trust on the first mortgage, and served and recorded a Notice of Breach regarding 21 Espino’s obligations under the first mortgage. Id. at ¶¶ 23–24. Espino believed that this “notice of 22 default” was regarding both mortgages because she and her husband had stopped paying both. 23 Id. at ¶ 25. 24

25 2 Unless otherwise noted, the court only cites to Espino’s first amended complaint to provide context to this action, not to indicate a finding of fact. 26 3 Rommel has since passed away. ECF No. 1-1 at ¶ 9. In this action, when I refer to “Espino,” I am referring to Elena Espino only. 1 Espino alleges that she and her husband sought to modify their loan with US Bank, 2 which assured them “on multiple occasions, that once the process was finished all of their pre- 3 existing mortgage obligations would be modified into one lower payment with a lower interest 4 rate.” Id. at ¶¶ 26–29. After more than a year, Espino and her husband 5 were finally presented with the final paperwork to modify their loan. Upon information and belief, these documents were voluminous, technical, and 6 extremely difficult to understand by lay persons, but US Bank N.A. assured Plaintiff and Her late husband that by signing their mortgage obligations would be 7 resolved, the foreclosure upon the Blue Hawaii Property would not occur, and their interest rate would decrease substantially. 8 9 Id. at ¶ 31. On May 10, 2010, Cooper Castle recorded a rescission of default, rescinding the 10 recorded Notice of Breach. Id. at ¶ 38. From the time of the sale of the first mortgage, until May 11 10, 2010, neither Universal nor any of its authorized agents, sent any communication to Espino 12 or her husband about the second mortgage, even though they were not submitting any payments 13 on it. Id. at ¶ 39. 14 Espino claims that she “believed that both the First Mortgage and Second Mortgage 15 were consolidated into the modified loan, or that the loan was abandoned, and that all 16 outstanding debts had been resolved, and no additional payments were required under the terms 17 of the Second Mortgage.” Id. at ¶ 40. Espino complied with the modification terms without 18 incident. Id. at ¶ 41. No additional documents, statements, or anything else was sent to Espino 19 regarding the second mortgage. Id. at ¶¶ 42, 46–57. The second mortgage reached maturity on 20 November 1, 2020. Id. at ¶ 43. Espino claims that on November 28, 2023, Universal assigned “all 21 beneficiary interest” in the second mortgage to Wilmington. Id. at ¶ 63. She claims that this 22 assignment did not include the deed of trust for the second mortgage. Id. Wilmington then 23 appointed Statebridge as the servicer of the second mortgage and, on December 12, 2023, Sables 24 became the substitute trustee of the deed of trust. Id. at ¶¶ 64–65. 25 Espino claims that because the original assignment of the second mortgage failed to 26 include the deed of trust, it was defective. Id. at ¶ 63. She states that Wilmington became aware 1 of this defect and had Universal record a second assignment on the second mortgage on 2 February 7, 2024. Id. at ¶ 67. However, Espino alleges that Wilmington “failed to record a 3 substitution of trustee granting Defendant Sables LLC any authority to act on Wilmington’s 4 behalf pursuant to the later assignment.” Id. at ¶ 69. 5 On February 22, 2024, Statebridge, acting through Sables, recorded a Notice of Default, 6 and of Breach and Election to Sell against the property. Id. at ¶ 70. Espino claims that it was 7 defective. See id. Sables recorded a rescission of the February 22, 2024 Notice of Default, which 8 Espino claims was also defective. Id. at ¶¶ 71–72. On March 12, 2024, Sables recorded a Notice of 9 Default and an Election to Cause Sell of Real Property Under Deed of Trust. Id. at ¶¶ 45, 73. 10 Espino likewise claims that this was defective and duplicative—stating that the previous, 11 allegedly defective Notice of Default had not been properly rescinded and because no 12 Substitution of Trustee was ever recorded vesting authority in Sables. Id. at ¶¶ 73, 77. 13 Following the March 12, 2024 Notice of Default, Sables began to contact Espino “with 14 demands, invoices, past-due bills, notices and threats of intent to foreclose upon her home, and 15 demands for payment.” Id. at ¶ 74. Espino does not indicate in what manner or at what time she 16 responded to these notices or bills. See id. at ¶ 75 (“Since Plaintiff believed that the second 17 mortgage was included in the loan modification entered into some 15 years earlier, . . .

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