Freedom Mortgage Corporation v. Kent, as Trustee of the 6221 Red Pine Trust, a Nevada Trust

CourtDistrict Court, D. Nevada
DecidedAugust 28, 2020
Docket2:19-cv-01411
StatusUnknown

This text of Freedom Mortgage Corporation v. Kent, as Trustee of the 6221 Red Pine Trust, a Nevada Trust (Freedom Mortgage Corporation v. Kent, as Trustee of the 6221 Red Pine Trust, a Nevada Trust) is published on Counsel Stack Legal Research, covering District Court, D. Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Freedom Mortgage Corporation v. Kent, as Trustee of the 6221 Red Pine Trust, a Nevada Trust, (D. Nev. 2020).

Opinion

1 UNITED STATES DISTRICT COURT 2 DISTRICT OF NEVADA 3 FREEDOM MORTGAGE CORPORATION, Case No.: 2:19-cv-01411-APG-DJA

4 Plaintiff Order (1) Granting in Part Trust’s First Motion to Dismiss (2) Denying Nelson’s 5 v. Motion to Dismiss, and (3) Denying as Moot Trust’s Second Motion to Dismiss 6 JAMES S. KENT, et al., [ECF Nos. 10, 11, 24] 7 Defendants

8 Plaintiff Freedom Mortgage Corporation (Freedom) sues to determine whether a deed of 9 trust still encumbers property located at 6221 Red Pine Court in Las Vegas following a non- 10 judicial foreclosure sale conducted by a homeowners association (HOA) and a state court 11 declaratory relief action to which Freedom was not a party. Freedom sues (1) James Kent as 12 trustee for the 6221 Red Pine Trust (Trust), which claims to own the property through the chain 13 of title flowing from the HOA’s foreclosure; and (2) James B.C. Nelson, who claims to own the 14 property through the chain of title flowing from a different foreclosure on the original deed of 15 trust.1 In addition to seeking declaratory relief under Nevada Revised Statutes § 40.010,2 16 Freedom asserts claims against Trust for slander of title and interference with contractual 17 relations. 18 Trust moves to dismiss, raising a variety of arguments. Nelson joins that motion and 19 separately moves to dismiss, contending he is not a proper party to the declaratory relief claims 20 because he does not claim an interest in the property that is adverse to Freedom’s interest. Trust 21 1 Freedom also sued the HOA, defendant Torrey Pines Estates Homeowners Association, but that 22 claim has been dismissed. ECF No. 20. 2 Section 40.010 provides: “An action may be brought by any person against another who claims 23 an estate or interest in real property, adverse to the person bringing the action, for the purpose of determining such adverse claim.” 1 filed a second motion to dismiss under Nevada’s anti-SLAPP statute. Freedom opposes these 2 motions. For the reasons set forth below, I grant in part Trust’s first motion, deny Nelson’s 3 motion, and deny as moot Trust’s second motion. 4 I. BACKGROUND 5 In October 2004, Patrick McKnight took title to the property through a Grant Bargain and

6 Sale Deed. ECF No. 1 at 2-3. McKnight financed the purchase of the property through a loan 7 from Chase Manhattan Mortgage Corporation (Chase). Id. at 3. Chase secured the loan through 8 a deed of trust on the property (the Chase deed of trust). Id. at 3. Freedom alleges that after 9 Chase funded the loan, the loan was sold to Federal National Mortgage Association (Fannie 10 Mae). Id. 11 In March 2008, the HOA at issue, Torrey Pines Estates Homeowners Association (Torrey 12 Pines), recorded a notice of delinquent assessment lien against the property. ECF No. 1 at 3. 13 Torrey Pines’ lien included a superpriority portion consisting of five months of unpaid 14 assessments. Id. at 4. In September 2008, Torrey Pines recorded a notice of default related to the

15 HOA lien. Id. In June 2009,3 Torrey Pines recorded a notice of sale. Id. The HOA foreclosure 16 sale took place on October 23, 2009, at which the HOA credit bid and purchased the property for 17 approximately $4,000. Id. In November 2009, McKnight4 recorded a notice of lis pendens in 18 relation to a lawsuit filed in Nevada state court against Torrey Pines challenging the HOA 19 foreclosure (the 2009 litigation). ECF No. 10-1. Despite the HOA sale occurring in 2009, Torrey 20

21 3 The complaint states the notice of sale was recorded in June 2008, but it must have been in June 2009, after the September 2008 notice of default. That is consistent with the instrument number 22 the complaint identifies for this event, which is 20090618-0003930. ECF No. 1 at 4. 4 The lawsuit was filed by McKnight Family LLP. ECF No. 10-1. The parties do not 23 differentiate between McKnight and various McKnight entities amongst whom ownership was transferred. For ease of reference, I refer to McKnight and the McKnight entities as McKnight. 1 Pines did not record a foreclosure deed until May 2011. ECF No. 1 at 4. And although Trust 2 claims an interest in the property through Torrey Pines’ chain of title, there is no recorded 3 transfer of title from Torrey Pines to Trust or anyone else. Id. at 5. 4 An assignment of the Chase deed of trust to Fannie Mae was recorded in September 5 2010. Id. at 5. Fannie Mae foreclosed on the Chase deed of trust in December 2011, Fannie Mae

6 credit bid on the property, and Fannie Mae thereafter recorded a trustee’s deed upon sale 7 identifying itself as the property owner. Id. at 5. In April 2012, Fannie Mae conveyed the 8 property to Appleton Properties, LLC. Id. Appleton sold it to Nelson a few months later. Id. 9 Before the sale to Nelson closed, Nelson’s escrow company sent requests to Torrey Pines 10 for the amount of any outstanding HOA assessments and notified Torrey Pines that Nelson 11 would be the new property owner. Id. Torrey Pines responded with a new owner packet and, 12 after escrow closed, it set Nelson up as the property’s owner in its own records. Id. According to 13 the complaint, Torrey Pines did not notify Nelson or the escrow company that Torrey Pines 14 owned the property through its foreclosure, and instead treated Nelson as the rightful owner. Id.

15 In 2015, Nelson obtained a loan from North American Financial Corp. (NAFC), which 16 was secured by a deed of trust on the property (the NAFC deed of trust). Id. at 6. The NAFC 17 deed of trust identifies Mortgage Electronic Registration Systems, Inc. (MERS) as the 18 beneficiary under the deed of trust. ECF No. 21-4 at 3. NAFC immediately transferred the loan 19 and deed of trust to Paramount Residential Mortgage Group, Inc. (PRMG), which in turn 20 immediately transferred it to Freedom. ECF No. 1 at 5. These transfers were not recorded in 21 2015. 22 In April 2016, Trust sued Nelson and NAFC in Nevada state court (the 2016 lawsuit). 23 ECF No. 1 at 6. In that suit, Trust alleged that it obtained title to the property from Torrey Pines, 1 that the 2009 HOA foreclosure sale extinguished the Chase deed of trust, and that Nelson’s title 2 and the NAFC deed of trust thus were eliminated because they derived from the chain of title 3 flowing from the Chase deed of trust. Id. NAFC advised Trust’s counsel that it had transferred 4 the deed of trust to PRMG, that NAFC no longer had an interest in the property, and that it 5 should be dismissed from the lawsuit. Id. Despite receiving this information, Trust did not add

6 MERS, PRMG, or Freedom to the 2016 lawsuit. Id. at 7; see also ECF No. 21-1 (default 7 judgment in the state court action listing the defendants as Nelson and NAFC). 8 In May 2016, the 2009 litigation concluded with a stipulated dismissal that stated there 9 was “insufficient evidence that the HOA foreclosure was improper or without authority and there 10 [was] insufficient evidence to justify setting aside the foreclosure sale.” ECF No. 10-2. In June 11 2016, Trust recorded a notice of lis pendens related to the 2016 litigation. ECF No. 10-3. That 12 case ended in May 2017 with a default judgment being entered against Nelson and NAFC.5 ECF 13 No. 10-4. The default judgment stated that Trust obtained the property through the HOA 14 foreclosure sale and that sale “eliminated all encumbrances, liens and mortgages, and as such,

15 the attempted foreclosure by the mortgage Lender on or around Dec. 19, 2011 and subsequent 16 deed recorded Dec. 23, 2011 were null and void, and the deed to Appleton Properties LLC 17 recorded on or around April 27, 2012 was null and void, as the Lender’s lien had been eliminated 18 by the Oct. 23, 2009 foreclosure.” Id. at 2-3. The default judgment also declared that Trust had 19 superior title over Nelson and NAFC and all of their assignees and transferees, “including 20 MERS.” Id. at 3. 21

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Bluebook (online)
Freedom Mortgage Corporation v. Kent, as Trustee of the 6221 Red Pine Trust, a Nevada Trust, Counsel Stack Legal Research, https://law.counselstack.com/opinion/freedom-mortgage-corporation-v-kent-as-trustee-of-the-6221-red-pine-nvd-2020.