In re: Raul Circuns Del Castillo and Gisela Rivera Aleman v. Banco Popular de Puerto Rico; Luna Commercial II, LLC; John Doe; XYZ Corporation

CourtUnited States Bankruptcy Court, D. Puerto Rico
DecidedSeptember 30, 2022
Docket21-00037
StatusUnknown

This text of In re: Raul Circuns Del Castillo and Gisela Rivera Aleman v. Banco Popular de Puerto Rico; Luna Commercial II, LLC; John Doe; XYZ Corporation (In re: Raul Circuns Del Castillo and Gisela Rivera Aleman v. Banco Popular de Puerto Rico; Luna Commercial II, LLC; John Doe; XYZ Corporation) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, D. Puerto Rico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: Raul Circuns Del Castillo and Gisela Rivera Aleman v. Banco Popular de Puerto Rico; Luna Commercial II, LLC; John Doe; XYZ Corporation, (prb 2022).

Opinion

IN THE UNITED STATES BANKRUPTCY COURT 1 FOR THE DISTRICT OF PUERTO RICO 2 IN RE: CASE NO. 19-05907 (ESL) 3 RAUL CIRCUNS DEL CASTILLO, CHAPTER 13 4 AND GISELA RIVERA ALEMAN

5 Debtors 6 RAUL CIRCUNS DEL CASTILLO, 7 AND GISELA RIVERA ALEMAN

8 Plaintiffs ADV. PROC. 21-00037

9 vs. 10 BANCO POPULAR DE PUERTO 11 RICO; LUNA COMMERCIAL II, LLC; JOHN DOE; XYZ CORPORATION 12

Defendants 13

14 OPINION AND ORDER 15 On April 7, 2021, the Debtors/Plaintiffs initiated the instant action seeking an order from 16 this Court for the determination, validity, priority, and extent of liens encumbering real property 17 of the bankruptcy estate. The Plaintiffs request the Court to take judicial notice of the order 18 entered on July 7, 2017, by the State Court, which is attached and identified as Exhibit 6, and 19 thereupon enter order directing the Registrar of the Registry of Property, Guaynabo Part, to 20 correct the rankings so that the mortgage lien related to promissory note of $270,000 be registered 21 as having first rank over Plaintiffs’ residence and that the mortgage lien related to promissory 22 note in the amount of $77,000.00 be registered as having a second rank over Plaintiffs’ residence. 23 On May 12, 2022, Banco Popular de Puerto Rico (hereinafter referred to as “BPPR”) filed a 24 Motion Requesting Entry of Order Re: Mandatory or Permissive Abstention in which it contends 25 that the Court should abstain and defer to the state court to interpret its own Order and Resolution 26 pursuant to mandatory or permissible abstention and the Rooker-Feldman doctrine. (Docket No. 27 1 31). The Plaintiffs filed their Opposition to Co-defendant Banco Popular de Puerto Rico’s Motion 2 for Entry of Order Filed at Docket 31 on June 12, 2022, arguing that the July 7, 2017, Order is 3 clear in that it orders the Plaintiff BPPR (and subsequently Condado 3, LLC) to correct the ranks 4 of the liens. (Docket No. 35). 5 For the reasons stated below, BPPR’s Motion Requesting Entry of Order Re: Mandatory 6 or Permissive Abstention is granted. 7 Jurisdiction 8 The Court has jurisdiction pursuant to 28 U.S.C. §§157(a) and 1334(b). This is a core 9 proceeding pursuant to 28 U.S.C. §157(b)(2)(A), (B) and (K). Venue of this proceeding is proper 10 under 28 U.S.C. §§1408 and 1409. 11 Relevant Procedural Background 12 The Debtors filed bankruptcy petition under Chapter 13 of the Bankruptcy Code on 13 October 11, 2019. (Lead Case No. 19-05907, Docket No. 1). On October 24, 2019, the Debtors 14 included in Schedule A/B: Property- their principal residence located at Urb. Quintas Reales P-3 15 Calle Reina Isabel, with a current value in the amount of $306,000.00 and 100% ownership 16 interest. The Debtors included in Schedule D: Creditors Who Have Claims Secured by Property 17 claimant Condado, with a claim in the amount of $570,651.74 of which $306,000.00 is secured 18 by the Debtor’s principal residence and an unsecured claim in the amount of $265,845.72. The 19 Debtors also included BPPR as “another creditor” for the claim already listed in the amount of 20 $570,651.74. (Lead Case No. 19-05907, Docket No. 10). On October 22, 2019, Condado filed 21 proof of claim #1-1 as a secured mortgage creditor in the amount of $570,651.74. The value of 22 the property in proof of claim #1-1 was left blank and the amount of the claim that is unsecured 23 was also left blank. Condado disclosed that the amount necessary to cure any default as of the 24 petition date was in the amount of $240,984.59. On June 9, 2022, a Transfer of Claim Other than 25 for Security was filed informing that Condado transferred its claim #1 in the amount of 26 $570,651.74 to Island Portfolio Services, LLC as servicer of Luna Commercial II, LLC (Lead 27 Case, Docket No. 77). On November 12, 2019, BPPR filed proof of claim #5-1 for a secured 1 mortgage claim in the amount of $249,762.57. The value of the property in proof of claim #5-1 2 was left blank and the amount of the claim that is unsecured was also left blank. On September 3 25, 2020, BPPR filed amended proof of claim #5-2 for a secured mortgage claim in the amount 4 of $253,466.72. 5 On November 13, 2019, the Debtor filed their chapter 13 plan dated November 12, 2019, 6 which provides in section 3.1 that the Debtors will maintain the current contractual monthly 7 installments on their mortgage with BPPR in which the collateral is their residence. Section 3.2 8 of the plan discloses that for the two mortgage claims in which Condado is the claimant, for the 9 Court to determine the value of the secured claim and the portion of any allowed claim that 10 exceeds the amount of the secured claim will be treated as an unsecured claim in Part 5. (Lead 11 Case, Docket No. 17). 12 On May 18, 2020, the Debtors filed a Motion Requesting Modification of Automatic Stay 13 So That the Superior Court of Bayamon Can Rule on Issue of Ranking of Mortgage Liens in which 14 the Debtors request that the Court modify the automatic stay so that the state court may address 15 Debtor’s request for compliance with the July 7, 2017, Judgment. This motion was later 16 withdrawn by the Debtors (Lead Case, Docket Nos. 31& 36), but the same explains that BPPR 17 was the initial holder of both promissory notes, one in the amount of $77,000 which was the first 18 ranking lien and the second promissory note in the amount of $270,000 which was the second 19 ranking lien. The Debtors contend that at the closing of the second mortgage lien in the amount 20 of $270,000 on April 17, 2004, Debtors agreed with BPPR that the $270,000 promissory note 21 would be given first rank status and that the promissory note in the amount of $77,000 would be 22 subordinated so that the mortgage lien in the amount of $270,000 would be afforded first rank 23 status. Debtors signed all the required documents and paid for the deed of subordination. Refer to 24 line 1112 of second page of closing statement which is identified as Exhibit 2. (Lead Case, Docket 25 No. 31, Exhibit I, Exhibit II, pg. 2, line 1112). The Court notes that BPPR’s proof of claim #5-1 26 which pertains to the second mortgage lien in the original amount of $270,000 includes the deed 27 titled, “First Mortgage Deed” executed on April 17, 2004, between the Debtors and Popular 1 Mortgage, Inc. In the First Part of said deed, it states the following, “[t]hat Borrower is owner of 2 the property described in paragraph FIFTH hereof (herein “Property”) and has the right to 3 mortgage said Property, that the Property is unencumbered.” In the FIFTH part of The First 4 Mortgage Deed, titled, “Property” includes the description of the Property and the four (4) 5 mortgage liens that encumbered the same. The first mortgage lien was in the amount of $170,400 6 and the mortgage note holder was R.F. Mortgage and Investment Corporation. It also states that 7 said mortgage lien would be cancelled by R&G Mortgage Corporation. The second mortgage lien 8 that appears is in the amount of $25,000 and the mortgage note holder is BPPR. It also states that 9 this mortgage lien will be cancelled by Popular Mortgage, Inc. The third mortgage lien that 10 appears is in the amount of $60,000 and the mortgage note holder is BPPR. The First Mortgage 11 Deed discloses that this mortgage lien will be cancelled by Popular Mortgage, Inc. The fourth 12 mortgage that appears is in the amount of $77,000 and the mortgage note holder is BPPR.

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In re: Raul Circuns Del Castillo and Gisela Rivera Aleman v. Banco Popular de Puerto Rico; Luna Commercial II, LLC; John Doe; XYZ Corporation, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-raul-circuns-del-castillo-and-gisela-rivera-aleman-v-banco-popular-prb-2022.