Hampton v. Wells Fargo Bank NA

CourtDistrict Court, E.D. Arkansas
DecidedMarch 15, 2022
Docket4:21-cv-00386
StatusUnknown

This text of Hampton v. Wells Fargo Bank NA (Hampton v. Wells Fargo Bank NA) is published on Counsel Stack Legal Research, covering District Court, E.D. Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hampton v. Wells Fargo Bank NA, (E.D. Ark. 2022).

Opinion

Case 4:21-cv-00386-LPR Document 16 Filed 03/15/22 Page 1 of 38

IN THE UNITED STATES DISTRICT COURT EASTERN DISTRICT OF ARKANSAS CENTRAL DIVISION

EUGENE HAMPTON PLAINTIFF

v. Case No.: 4:21-cv-00386

WELLS FARGO BANK, N.A. & DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE FOR VENDEE MORTGAGE TRUST 1994-3 DEFENDANTS ORDER

This lawsuit concerns the alleged misconduct of two banks related to Plaintiff’s mortgage

and the demolition of Plaintiff’s home.1 Specifically, Mr. Eugene Hampton brings five state-law

claims against Defendants Wells Fargo and Deutsche Bank: (1) unjust enrichment, (2) negligence,

(3) breach of fiduciary duty, (4) trespass, and (5) violations of the Arkansas Deceptive Trade

Practices Act (“ADTPA”).2

This is the second time Mr. Hampton has prosecuted a lawsuit in this District against these

Defendants covering essentially the same factual ground.3 In the first lawsuit (let’s call it Hampton

I), Judge Billy Roy Wilson entered two orders that, in combination, dismissed Mr. Hampton’s

case.4 Based on Judge Wilson’s dismissal of the last case, Defendants say the Court should dismiss

the case at bar. Defendants principally argue that Judge Wilson’s rulings in Hampton I preclude

Mr. Hampton from taking a second bite at the apple.5 Alternatively, Defendants argue that some

of Mr. Hampton’s claims are untimely and each of Mr. Hampton’s claims fails to state a viable

1 See Compl. (Doc. 2). 2 Id. 3 See Hampton v. Wells Fargo Bank, N.A., No. 4:19-cv-00810-BRW (E.D. Ark.) (Hampton I) (Doc. 2). 4 Hampton I (Docs. 63, 81); see also Hampton I (Doc. 86) (Judgment). 5 Defs.’ Mot. to Dismiss (Doc. 3). Case 4:21-cv-00386-LPR Document 16 Filed 03/15/22 Page 2 of 38

cause of action.6 Mr. Hampton disputes all of Defendants’ arguments.7 For the reasons that follow,

Defendants’ Motion to Dismiss is GRANTED. Mr. Hampton’s breach-of-fiduciary-duty and

negligence claims are barred by the claim preclusion facet of res judicata doctrine. Mr. Hampton’s

ADTPA, unjust enrichment, and trespass claims are untimely.

I. Factual Background8

Mr. Hampton’s Complaint alleges two courses of conduct by Defendants that overlap in

time. The Court will first set out the facts involving Mr. Hampton’s home loan. The Court will

then provide the facts related to the demolition of Mr. Hampton’s home. After all this, the Court

will recount the somewhat convoluted procedural history of the related prior lawsuit (Hampton I)

and the lawsuit presently at bar.

A. Mr. Hampton’s Home Loan

On July 31, 1991, Mr. Hampton purchased property, including a house, in Little Rock,

Arkansas.9 On the same date, Mr. Hampton executed a Deed of Trust Note for the principal sum

of $19,400 in favor of the Department of Veterans Affairs (“VA”).10 Mr. Hampton, as grantor,

also executed a Deed of Trust in favor of the VA.11 Mr. Hampton agreed to repay the loan principal

6 Id. 7 Pl.’s Resp. to Defs.’ Mot. to Dismiss (Doc. 11) ¶ 3 (Mr. Hampton disputing all grounds Defendants press for dismissal). 8 On a motion to dismiss, the Court treats the facts alleged in the Complaint as true and draws all reasonable inferences in Mr. Hampton’s favor. Topchian v. JPMorgan Chase Bank, N.A., 760 F.3d 843, 848 (8th Cir. 2014). Accordingly, the “factual background” section is only for purposes of deciding the Motion to Dismiss. 9 Compl. (Doc. 2) ¶ 5. 10 Id. ¶ 6. 11 Id.; see also Ex. A to Compl. (Doc. 2) at 27 (stating that the loan is “secured by a Deed of Trust . . . executed” by Mr. Hampton). “A deed of trust is a deed conveying title to real property to a trustee as security until the grantor repays a loan.” Mortg. Elec. Registration Sys., Inc. v. Sw. Homes of Ark., 2009 Ark. 152, at 5, 301 S.W.3d 1, 4 (internal quotations omitted). “Under a deed of trust, the borrower conveys legal title in the property by a deed of trust to the trustee.” Id., 301 S.W.3d at 4.

2 Case 4:21-cv-00386-LPR Document 16 Filed 03/15/22 Page 3 of 38

at an interest rate of 9%.12 Mr. Hampton agreed to make monthly payments of $156.10 over the

course of thirty years with the last payment being due on August 1, 2021.13 Mr. Hampton made

his first payment in September 1991.14

In 1994, the VA assigned its interest in the Deed of Trust to Bankers Trust Company.15 In

1999, Deutsche Bank acquired Bankers Trust Company and thus acquired the interest in the Deed

of Trust.16 Wells Fargo serviced the loan,17 meaning that Wells Fargo, on Deutsche Bank’s behalf,

oversaw the day-to-day operations of Mr. Hampton’s loan by sending payment invoices and

receiving Mr. Hampton’s payments.

Things seemed to go along okay until Mr. Hampton’s 2002 divorce left him unable to make

timely payments on the loan.18 In July 2004, Mr. Hampton filed for bankruptcy.19 In August 2004,

despite the bankruptcy filing, Wells Fargo (on behalf of Deutsche Bank) had its lawyers commence

a nonjudicial foreclosure of Mr. Hampton’s property.20 On November 2, 2004, Deutsche Bank

purchased the property at a foreclosure sale for $27,651.31.21 This sale price exceeded (by an

unknown amount) the balance that Mr. Hampton owed on the loan.22 But Deutsche Bank did not

give Mr. Hampton the excess.23 Two weeks later, Wells Fargo’s lawyers filed a Trustee’s Deed

12 Compl. (Doc. 2) ¶ 7. 13 Id. 14 Id. 15 Id. ¶ 9. 16 Id. ¶ 10. 17 Id. ¶ 8. 18 Id. ¶ 11. 19 Id. ¶ 12. 20 Id. ¶ 13. 21 Id. ¶ 14; see also Ex. F to Compl. (Doc. 2) at 37–38. 22 Compl. (Doc. 2) ¶ 15. The Complaint does not state how much Mr. Hampton still owed on the loan. Nor does it state the difference between the $27,651.31 purchase price and the amount Mr. Hampton still owed on the loan. 23 Id.

3 Case 4:21-cv-00386-LPR Document 16 Filed 03/15/22 Page 4 of 38

conveying the property from Mr. Hampton to Deutsche Bank in the Pulaski County records.24 Mr.

Hampton received no notice that the foreclosure sale occurred.25 Neither Defendant credited Mr.

Hampton’s account with the proceeds of the sale.26

On November 23, 2004, just a few days after the Trustee’s Deed conveyance was filed,

Wells Fargo entered an appearance in Mr. Hampton’s bankruptcy case.27 On December 16, 2004,

Wells Fargo filed a proof of claim asserting a secured claim totaling $27,120.79.28 On the same

day, Wells Fargo filed an amended proof of claim asserting “a secured claim for the principal sum

of $16,378.83 plus arrears and other charges and costs totaling $23,120.78.”29 For each proof of

claim, Wells Fargo cited the 1991 Deed of Trust as the document supporting the secured claim.30

Wells Fargo did not mention the foreclosure on or the sale of the house.

In February 2005, Mr. Hampton filed an Objection to Wells Fargo’s secured claims.31

Recall that, at this point, Mr. Hampton has no idea about the foreclosure or sale, and he is still

living in the home. In the Objection, Mr. Hampton confirmed that “Wells Fargo [has] a secured

claim against [Mr. Hampton’s] homestead property,” but he insisted that the amount owed was

less than that claimed by Wells Fargo.32 In November 2005, the bankruptcy court entered an

24 Id. ¶ 16. 25 Id. ¶ 18. 26 Id. ¶ 19. 27 Id. ¶ 21; see also Ex. H to Compl. (Doc. 2) at 40. 28 Compl. (Doc. 2) ¶ 23. 29 Id. ¶ 24. Mr. Hampton’s Complaint says Wells Fargo filed the amended proof of claim on December 13, 2005. Id. Mr. Hampton cites Exhibit J for support of this assertion. Exhibit J is an Objection to Wells Fargo’s proof of claim. Ex. J to Compl. (Doc. 2) at 46.

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