In re: Shylene Marie Cox Santiago v. Rushmore Loan Management Services as Service Agent of Roosevelt Cayman Asset Company II

CourtUnited States Bankruptcy Court, D. Puerto Rico
DecidedFebruary 2, 2016
Docket14-00302
StatusUnknown

This text of In re: Shylene Marie Cox Santiago v. Rushmore Loan Management Services as Service Agent of Roosevelt Cayman Asset Company II (In re: Shylene Marie Cox Santiago v. Rushmore Loan Management Services as Service Agent of Roosevelt Cayman Asset Company II) 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: Shylene Marie Cox Santiago v. Rushmore Loan Management Services as Service Agent of Roosevelt Cayman Asset Company II, (prb 2016).

Opinion

1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF PUERTO RICO 2

4 IN RE: CASE NO. 14-06617 BKT Chapter 13 5 SHYLENE MARIE COX SANTIAGO 6 Debtor

7 SHYLENE MARIE COX SANTIAGO 8 9 Plaintiff

10 vs.

11 Adversary No. 14-00302 BKT

12 RUSHMORE LOAN MANAGEMENT

SERVICES AS SERVICE AGENT OF 13 ROOSEVELT CAYMAN ASSET

14 COMPANY II FILED & ENTERED ON 02/02/2016 15 Defendant 16 17 18 OPINION AND ORDER 19 Before this Court is the Motion for Reconsideration and Reply to Motion to Dismiss [Dkt. 20 No. 34] filed by Shylene Marie Cox Santiago (“Plaintiff”), along with an Opposition to 21 Plaintiff’s“Motion for Reconsideration of Dismissal” [Dkt. No. 39] filed by Rushmore Loan 22 23 Management Services (“Rushmore”), as service agent of Roosevelt Cayman Asset Company II. 24 For the reasons set forth below, the Plaintiff’s Motion for Reconsideration and Reply to Motion 25 to Dismiss is DENIED.

1 1 I. Factual Background 2 On August 12, 2014, Plaintiff filed a voluntary petition under Chapter 13 of the 3 Bankruptcy Code. According to Plaintiff’s Schedule A, her principal residence is located at Urb. 4 Jardines de la Fuente in the Municipality of Toa Alta. This property was listed with a current 5 value of $180,000.00 and the total amount of secured claim was listed as $221,716.00. [Dkt. No. 6 7 1, Schedule A]. In turn, Schedule D identified Rushmore as the holder of a mortgage lien over 8 said property. [Dkt. No. 1, Schedule D]. 9 Rushmore is a secured creditor and the holder in due course of a mortgage note, 10 encumbering Plaintiff’s principal residence. On December 22, 2014, Plaintiff filed the present 11 12 adversary proceeding to determine the validity, priority and extent of the lien. On January 22, 13 2015, Rushmore filed Proof of Claim No. 8-1 claiming Plaintiff’s secured debt with Rushmore in 14 the total amount of $224,047.96, with pre-petition arrears in the amount of $3,917.00. 15 On July 15, 2015, Rushmore filed a Motion to Dismiss the Complaint [Dkt. No. 25]. 16 Rushmore argued that Plaintiff’s allegations failed to state a claim upon which relief could be 17 18 granted pursuant to Fed.R.Civ.P. 12(b)(6). A hearing was held on July 16, 2015 where attorney 19 for Plaintiff was present in which this Court ordered and granted Plaintiff thirty (30) days to 20 respond to Rushmore’s motion to dismiss. Said response was due on August 17, 2015. [Dkt. No. 21 30]. However, Plaintiff failed to respond to Rushmore’s Motion to Dismiss. Thus, on August 25, 22 23 2015, this Court granted as unopposed Rushmore’s motion to dismiss for the reasons stated in 24 the motion to dismiss. [Dkt. No. 32]. 25 On August 26, 2015, Plaintiff filed her Motion for reconsideration and Reply to Motion

to Dismiss. She argues, summarily, that Rushmore violated Fed. R. Bankr. P. 3001(d) by failing 2 1 to submit a timely Proof of Claim and that the mortgage note is null and void because of alleged 2 violations of the Puerto Rico Notarial Law. 3 II. Standard of Review 4 Courts often entertain motions for reconsideration under either Rules 59 or 60 of the 5 Federal Rules of Civil Procedure, depending on the time when such motion is served. See Perez– 6 7 Perez v. Popular Leasing Rental, Inc., 993 F.3d 281, 284 (1st Cir.1993). The First Circuit has 8 recognized that “[a] motion for reconsideration does not provide a vehicle for a party to undo its 9 own procedural failures and it certainly does not allow a party to introduce new evidence or 10 advance new arguments that could or should have been presented to the district court prior to 11 12 judgment.” Marks 2–Zet–Ernst Marks GMBH & Co. KG v. Presstek, Inc., 455 F.3d 7, 15–16 13 (1st Cir. 2006). 14 While Plaintiff’s motion to alter or amend the order granting Rushmore’s motion to dismiss 15 does not specifically state under which rule or statute Plaintiff is making its request, based on the title 16 of her motion and the fact that it was filed within fourteen (14) days from the entry of the Order 17 granting Rushmore’s motion to dismiss, this Court assumes that Plaintiff’s request is made pursuant 18 19 to Fed. R. Bankr. P. 9023. This, in turn, makes Fed. R. Civ. P. 59(e) applicable to this adversary 20 proceeding. See Rosario Méndez v. Hewlett Packard Caribe, 660 F. Supp. 2d 229, 232 (D.P.R. 21 2009).1 Thus, for judicial economy purposes, counsel in a motion for reconsideration must set 22 forth the following: (1) genuine reasons why the court should revisit its prior order; and (2) 23 compelling facts or law in support of reversing the prior decision. See Frasure v. United States, 24

25 1A motion for reconsideration filed within fourteen (14) days of the entry of the order or judgment sought to be reconsidered is treated as a motion to alter or amend under Fed. R. Civ. P. 59(e). Rosario Méndez v. Hewlett Packard Caribe, 660 F. Supp. 2d at 232.

3 1 256 F.Supp.2d 1180, 1183 (D.Nev.2003). Furthermore, a motion for reconsideration must not be 2 used as a vehicle to re-litigate matters already litigated and decided by the Court. Standard 3 Quimica de Venezuela v. Central Hispano Int'l, Inc., 989 F. Supp. 74 (D.P.R.1997). A motion for 4 reconsideration is unavailable if said request simply brings a point of disagreement between the 5 court and the litigant, or re-argues theories already properly disposed of by the Court. See e.g. 6 7 Waye v. First Citizen's National Bank, 846 F.Supp. 310, 314 n. 3 (M.D.Pa.1994); Resolution 8 Trust Corp. v. Holmes, 846 F.Supp. 1310, 1316 (S.D.Tex.1994) (footnotes omitted). Rule 59(e) 9 and 60(b) and are not “intended to give an unhappy litigant one additional chance to sway the 10 judge.” Durkin v. Taylor, 444 F.Supp. 879, 889 (E.D.Va.1977). 11 12 The purpose of a motion for reconsideration is to bring to the court’s attention newly 13 discovered evidence that was not available at the time of the entry of the order, changes in 14 existing law, or errors in the court’s application of the law. The court need not consider 15 arguments raised for the first time in a motion for reconsideration. 16 III. Discussion 17 18 Plaintiff alleges in her motion for reconsideration that Rushmore violated Federal Rule of 19 Bankruptcy Procedure 3001(d) by failing to submit a timely Proof of Claim. However, pursuant 20 to this Court’s ruling in In re Jurado, 318 B.R. 251 (Bankr. D.P.R. 2004), Rushmore’s filing of 21 its secured proof of claim was timely filed. 22 23 Section 501(a) of the Code provides that any creditor may file a proof of claim. In turn, 24 section 502 requires the filing of a timely proof of claim to determine whether the claim is 25 allowed or not. See 11 U.S.C. §§ 501, 502. The Federal Rules of Bankruptcy Procedure require

the filing of a proof of claim by unsecured creditors and equity security holders for the claim or 4 1 interest to be allowed. Fed. R. Bankr. P.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Waye v. First Citizen's National Bank
846 F. Supp. 310 (M.D. Pennsylvania, 1994)
Resolution Trust Corp. v. Holmes
846 F. Supp. 1310 (S.D. Texas, 1994)
In Re Jurado
318 B.R. 251 (D. Puerto Rico, 2004)
In Re MacIas
195 B.R. 659 (W.D. Texas, 1996)
Durkin v. Taylor
444 F. Supp. 879 (E.D. Virginia, 1977)
Rosario-Mendez v. Hewlett Packard Caribe
660 F. Supp. 2d 229 (D. Puerto Rico, 2009)
Frasure v. United States
256 F. Supp. 2d 1180 (D. Nevada, 2003)
Western Federal Savings Bank v. Registrador de la Propiedad
139 P.R. Dec. 328 (Supreme Court of Puerto Rico, 1995)

Cite This Page — Counsel Stack

Bluebook (online)
In re: Shylene Marie Cox Santiago v. Rushmore Loan Management Services as Service Agent of Roosevelt Cayman Asset Company II, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-shylene-marie-cox-santiago-v-rushmore-loan-management-services-as-prb-2016.