Flagstar Bank, N.A. v. Barbara Nowak, Artur Nowak, and Nicole Nowak

CourtDistrict Court, D. New Jersey
DecidedDecember 19, 2025
Docket2:25-cv-08611
StatusUnknown

This text of Flagstar Bank, N.A. v. Barbara Nowak, Artur Nowak, and Nicole Nowak (Flagstar Bank, N.A. v. Barbara Nowak, Artur Nowak, and Nicole Nowak) is published on Counsel Stack Legal Research, covering District Court, D. New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Flagstar Bank, N.A. v. Barbara Nowak, Artur Nowak, and Nicole Nowak, (D.N.J. 2025).

Opinion

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY

Civil Action No. 2:25-cv-8611 (MCA)(SDA) FLAGSTAR BANK, N.A., REPORT AND RECOMMENDATION Plaintiff, December 19, 2025

v.

BARBARA NOWAK, ARTUR NOWAK, and

NICOLE NOWAK,

Defendants.

STACEY D. ADAMS, UNITED STATES MAGISTRATE JUDGE

Before the Court is a motion by Plaintiff Flagstar Banks, N.A. (“Flagstar” or “Plaintiff”) to Remand this action to the Superior Court of New Jersey. (ECF No. 5). Defendants Barbara Novak (“Barbara”), Artur Novak (“Artur”), and Nicole Novak (“Nicole”) (collectively “Defendants”) opposed the motion (ECF No. 6) and Plaintiff then filed a reply (ECF No. 9). On June 30, 2025, the Honorable Madeline Cox Arleo, U.S.D.J. referred this motion to the undersigned to issue a Report and Recommendation.1 See L. Civ. R. 72.1(a)(2). This motion is decided without oral argument pursuant to Fed. R. Civ. P. 78. The undersigned, having reviewed and considered the briefs submitted in support of, and in opposition to, Plaintiff’s motion respectfully recommends that the District Court GRANT the motion and remand this matter to the state court.

1 A decision to remand is dispositive. In re U.S. Healthcare, 159 F.3d 142, 146 (3d Cir. 1998) (“[A]n order of remand is no less dispositive than a dismissal order of a federal action for lack of subject matter jurisdiction where a parallel proceeding is pending in the state court.”). Accordingly, this Court addresses Plaintiff’s motion via this Report and Recommendation. FACTUAL BACKGROUND AND PROCEDURAL HISTORY Plaintiff filed its original complaint in the Superior Court of New Jersey, Bergen County (Docket No. BER-L-2111-23) on or about April 21, 2023 alleging breach of contract and violations of the Uniform Fraudulent Transfer Act, N.J.S.A. 25:2-20 et seq. (“UFTA”). (ECF No. 1-4,

(“Compl.”) Ex. A). The following facts are gleaned from the Complaint. On December 7, 2015, Plaintiff’s predecessor-in-interest, Signature Bank (“Signature”), extended a commercial line of credit (“LOC”) to New Style Contractors, Inc. (“Borrower”), a construction company owned by Barbara, in the amount of $500,000 (Id. ¶¶ 1, 12). The LOC was evidenced by a Promissory Note that matured on December 5, 2016 (the “2016 Note”). (Id. ¶¶ 13-14). The LOC was modified and extended several times, eventually increasing to $1,250,000. (Id. ¶¶ 15-21). The most recent note, executed on November 30, 2022, matured by its terms on February 5, 2023 and has not been further extended. (Id. ¶¶ 27- 29). The LOC was secured by, among other things, certain unconditional guaranties from the guarantors – Barbara and Artur (together, the “Guarantors”), along with Borrower’s business assets

as collateral pursuant to a security agreement. (Id. ¶¶ 1, 30). This included certain securities held in a Signature money market account in the amount of $250,000. (Id. ¶ 19). Borrower failed to pay the outstanding balance due and is in default. (Id. ¶¶ 49, 50). As of the filing of the original complaint in April 2023, $1,049,647.46 was due and owning, plus interest accumulating at a daily rate of $524.82 and expenses. (Id. ¶ 51). The Guarantors sold their residential real property located at 20 Fairhaven Drive, Allendale, NJ 07401 (the “Fairhaven Property”) for $1,650,000. (Id. ¶ 35). After paying off the mortgage, Plaintiff believes Guarantors had a surplus of at least $875,000. (Id. ¶¶ 36, 37). Plaintiff alleges the Guarantors then fraudulently transferred the sales proceeds to their daughter, Nicole, for no consideration. (Id. ¶ 38). Nicole then used this money to purchase another property located at 2 Leigh Court, Allendale, NJ 07401 (the “Leigh Property”) in her name. (Id. ¶¶ 38, 39). The Guarantors, Artur and Barbara, reside in the Leigh Property, without Nicole. (Id. ¶ 40). Plaintiff alleges Defendants engaged in this fraudulent transfer to protect the equity in the Fairhaven

Property from creditors, including Plaintiff. (Id. ¶ 81). The lawsuit thus seeks to enforce Plaintiff’s contractual rights in the commercial guaranties against the Guarantors. (Id. ¶ 1). Plaintiff also seeks a judgment and provisional remedies against Guarantors and their daughter, Nicole, based on the Guarantors’ alleged fraudulent transfer of the proceeds from the sale their home to Nicole, who then used said proceeds to purchase a home where Guarantors presently reside. (Id.). As explained in the Complaint, on March 12, 2023, prior to this lawsuit being filed, Signature was closed by the New York State Department of Financial Services, the Federal Deposit Insurance Corporation (the “FDIC”) was appointed as receiver for Signature, and the FDIC assumed all assets and liabilities of Signature. (Id. ¶¶ 4-6). Plaintiff later purchased certain of

Signature’s assets and liabilities from the FDIC as Receiver, including the LOC at issue in the instant matter. (Id. ¶ 7). Initially, this matter proceeded in state court, without Defendants pursuing removal to federal court. On January 3, 2024, Plaintiff secured a judgment against the Borrower in the amount of $1,155,703.31 in a New York court. (ECF No. 5-1 ¶ 14). However, Borrower is defunct and has not made any payments toward the judgment, hence the reason for the instant action against the Guarantors. (Id.). Through a long and difficult discovery period in state court, Plaintiff uncovered misrepresentations contained in the Guarantors’ personal financial statements, giving it grounds to assert additional causes of action, and Plaintiff was granted leave to file an amended complaint. (ECF No. 5-1 ¶ 12; ECF Nos. 5-2 and 5-3, (“Grantz Decl.”) ¶ 28).2 Specifically, Plaintiff uncovered misrepresentations in a February 18, 2022 Personal Financial Statement (the “02/18/22 PFS”), wherein Guarantors listed the Leigh Property as their address, removed the equity from the

Fairhaven Property as an asset, and added that they had a pension fund containing $793,000, virtually the same amount as the surplus from the sale of the Fairhaven Property. (ECF No. 5-1 ¶ 13; Grantz Decl. ¶¶ 13-15). None of the Guarantors’ prior financial statements listed this pension fund, so Plaintiff believes they either falsified their earlier financial statements or falsified the 02/18/22 PFS. (ECF No. 5-1 ¶ 13). Plaintiff believes Defendants replaced the equity from the Fairhaven Property that had been listed on their prior personal financial statements with the purported pension fund to deceive Signature that they had a higher net worth than they did so that it would further extend commercial credit to the Borrower. (Grantz Decl. ¶¶ 19-22). Accordingly, Plaintiff filed an Amended Complaint in state court on April 21, 2025. (ECF No. 5-1 ¶ 19, Ex. D (“Amended Complaint”)). In addition to the counts asserted in the original

complaint, the Amended Complaint added claims for fraud, fraud in inducement, bank fraud, and negligent misrepresentation. (Id.). Defendants filed an amended answer and affirmative defenses to the Amended Complaint on April 25, 2025. (ECF No. 5-1 ¶ 20; Grantz Decl. ¶ 30, Ex. E). On May 8, 2025, Defendants filed a motion seeking to have their counsel removed and have since proceeded pro se. (ECF No. 5-1 ¶ 21).3

2 The Declaration of David B. Grantz was filed at ECF No. 5-2. The Exhibits to the Grantz Declaration were filed at ECF No. 5-3. Together, they will be referred to as the “Grantz Decl.” and, when applicable, the corresponding exhibit number will be provided.

3 Defendants did not need to file a motion, but merely a substitution of counsel, for their former counsel to be relieved. N.J. Ct. R. 1:11-2.

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Flagstar Bank, N.A. v. Barbara Nowak, Artur Nowak, and Nicole Nowak, Counsel Stack Legal Research, https://law.counselstack.com/opinion/flagstar-bank-na-v-barbara-nowak-artur-nowak-and-nicole-nowak-njd-2025.