Foster v. Simmons Bank

2023 Ark. App. 527, 680 S.W.3d 42
CourtCourt of Appeals of Arkansas
DecidedNovember 15, 2023
StatusPublished
Cited by2 cases

This text of 2023 Ark. App. 527 (Foster v. Simmons Bank) is published on Counsel Stack Legal Research, covering Court of Appeals of Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Foster v. Simmons Bank, 2023 Ark. App. 527, 680 S.W.3d 42 (Ark. Ct. App. 2023).

Opinion

Cite as 2023 Ark. App. 527 ARKANSAS COURT OF APPEALS DIVISION II No. CV-20-748

LYLE D. FOSTER, AS PERSONAL REPRESENTATIVE FOR THE ESTATE Opinion Delivered November 15, 2023

OF OLLIE HAMMETT, JR., DECEASED; APPEAL FROM THE PULASKI AND FOR THE ESTATE OF LUCILLE COUNTY CIRCUIT COURT, HAMMETT, DECEASED SEVENTEENTH DIVISION [NO. 60CV-20-2505] APPELLANT

HONORABLE MACKIE M. PIERCE, V. JUDGE

SIMMONS BANK F/K/A SIMMONS FIRST NATIONAL BANK AFFIRMED APPELLEE

N. MARK KLAPPENBACH, Judge

The appellant, Lyle Foster, became the personal representative of the estates of Ollie

Hammett, Jr., deceased, and Lucille Hammett, deceased (collectively “the Hammetts”), after

this appeal commenced. The Hammetts were owners of commercial property located at

7305 Cantrell Road, Little Rock, Arkansas, for which appellee, Simmons Bank f/k/a

Simmons First National Bank, was mortgagee for the purchase of the property. Following

the Hammetts’ purchase of the property, Entergy Arkansas, Inc., installed electrical poles

along Cantrell Road that included the Hammetts’ property. The Hammetts initially filed an

inverse-condemnation action against Entergy and included claims against the sellers of the

property. The Hammetts ultimately abandoned that case. The Hammetts then instituted the present action against Simmons, alleging that the bank had a duty to pursue the inverse

condemnation against Entergy on their behalf. The circuit court entered an order dismissing

the Hammetts’ claims against Simmons, and this appeal followed. We affirm.

I. Facts

On or about April 25, 2014, the Hammetts entered into a real estate mortgage with

Simmons for the purchase of commercial property located at 7305 Cantrell Road in Little

Rock (the “property”). In the summer of 2014, Entergy erected electrical poles on and

electrical lines along Cantrell Road, including along the Hammetts’ property. The

Hammetts claimed Entergy had no written or verbal easements and paid nothing to them

for placing the poles on their property. The Hammetts alleged the poles were erected in

existing exits and entrances that severely diminished the value of the property by dramatically

curtailing the manner in which traffic could access and park on the property. The

Hammetts further argued that Entergy trespassed on their property and erected the electrical

poles “exercising their ostensible rights of condemnation.”

In early 2015, the Hammetts gave notice to Simmons concerning Entergy’s alleged

encroachment on the property with the expectation that Simmons would file an inverse-

condemnation action on their behalf against Entergy. The Hammetts argued that under

paragraph 20 of the mortgage, they authorized Simmons to intervene on their behalf with

respect to Entergy’s encroachment. Paragraph 20 of the mortgage states in its entirety:

CONDEMNATION. Mortgagor will give Lender prompt notice of any action, real or threatened, by private or public entities to purchase or take any or all of the Property, including any easements, through condemnation, eminent

2 domain, or any other means. Mortgagor further agrees to notify Lender of any proceedings instituted for the establishment of any sewer, water, conservation, ditch, drainage, or other district relating to or binding upon the property or any part of it. Mortgagor authorizes Lender to intervene in Mortgagor’s name in any of the above described actions or claims and to collect and receive all sums resulting from the action or claim. Mortgagor assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the property. Such proceeds shall be considered payments and will be applied as provided in this Mortgage. This assignment of proceeds is subject to the terms of any prior security agreement.

The Hammetts claimed that paragraph 20 obligated Simmons to take appropriate

action to protect the property against the encroachment by Entergy. Simmons did not

pursue any action against Entergy on the Hammetts’ behalf. The Hammetts contended that

Simmons cut off all substantive communications with them when they requested that

Simmons take action to remedy the encroachment. The Hammetts refinanced their

mortgage with Simmons in April 2019. On November 5, 2019, the Hammetts closed on

the sale of the property to a third party. The Hammetts’ counsel sent a letter to Simmons’s

counsel on November 4, 2019, advising that, although the Hammetts were planning to

permit closing funds to be paid to Simmons to obtain release of the mortgage, they were

doing so with a reservation of their rights and remedies against the bank.

The Hammetts ultimately sued Simmons, contending that as a result of Simmons’s

refusal to institute an action against Entergy pursuant to paragraph 20 of the mortgage, they

were entitled to recover damages for (1) diminution in the value of the property due to

Entergy’s purported encroachment; (2) interest that had accrued from the time they hired

their own legal counsel to pursue inverse condemnation; (3) professional fees for surveying,

3 engineering, and accounting; and (4) legal fees incurred in the inverse-condemnation action.

The Hammetts further claimed that Simmons had violated their right to privacy by disclosing

confidential banking information to counsel for the buyers of the property prior to closing.

The Hammetts also alleged that someone at Simmons had posted information about their

mortgage on Mr. Hammett’s Facebook page, which was viewed by at least forty-seven people,

resulting in damages for injury to reputation, mental anguish, embarrassment, and

humiliation.

The Hammetts claimed that in the 2019 refinance of their mortgage, Simmons

backdated the refinance in such a way that the Hammetts appeared to be two months

delinquent in their mortgage payments. The Hammetts claimed Simmons wrongfully

charged them excessive late fees. The Hammetts further asserted that in October 2019, prior

to their sale of the property, Simmons placed the loan account in a default status and alleged

Simmons attempted to wrongfully foreclose on the property. The Hammetts argued the

property eventually sold for $285,000 less than the appraised value prior to Entergy’s

encroachments. The Hammetts’ contended that their causes of action against Simmons did

not accrue until they suffered an actual loss when they sold the property. The Hammetts

filed their claims on the basis of these facts against Simmons on April 3, 2020, for breach of

contract, negligence, invasion of privacy, breach of fiduciary duties, and violation of the

Arkansas Deceptive Trade Practices Act (“ADTPA”).

Simmons moved to dismiss the Hammetts’ claims on April 20, 2020, pursuant to

Arkansas Rule of Civil Procedure 12(b)(6), asserting they were barred by the statute of

4 limitations and for failure to state a claim upon which relief could be granted. Simmons

noted that the Hammetts named it as a party in their inverse-condemnation action against

Entergy. Simmons argued that the Hammetts’ claims for breach of contract, negligence,

breach of fiduciary duty, and violation of the ADTPA, which were based primarily on the

bank’s alleged refusal to pursue an action against Entergy, were barred by the applicable

statute of limitations. Simmons further argued that the occurrence rule applied to most of

the Hammetts’ claims; thus, the statute of limitations for the Hammetts’ claims began to run

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Bluebook (online)
2023 Ark. App. 527, 680 S.W.3d 42, Counsel Stack Legal Research, https://law.counselstack.com/opinion/foster-v-simmons-bank-arkctapp-2023.