In re: Sylvia Nicole

CourtUnited States Bankruptcy Appellate Panel for the Ninth Circuit
DecidedOctober 30, 2024
Docket24-1032
StatusUnpublished

This text of In re: Sylvia Nicole (In re: Sylvia Nicole) is published on Counsel Stack Legal Research, covering United States Bankruptcy Appellate Panel for the Ninth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: Sylvia Nicole, (bap9 2024).

Opinion

FILED OCT 30 2024 NOT FOR PUBLICATION SUSAN M. SPRAUL, CLERK U.S. BKCY. APP. PANEL OF THE NINTH CIRCUIT

UNITED STATES BANKRUPTCY APPELLATE PANEL OF THE NINTH CIRCUIT

In re: BAP No. EC-24-1032-GCB SYLVIA NICOLE, Debtor. Bk. No. 21-10679

SYLVIA NICOLE, Adv. No. 21-01015 Appellant, v. MEMORANDUM *

T2M INVESTMENTS, LLC, Appellee.

Appeal from the United States Bankruptcy Court for the Eastern District of California Jennifer E. Niemann, Bankruptcy Judge, Presiding

Before: GAN, CORBIT, and BRAND, Bankruptcy Judges.

INTRODUCTION

Chapter 13 1 debtor Sylvia Nicole (“Debtor”) appeals the bankruptcy

court’s judgment in favor of defendant and appellee T2M Investments,

* This disposition is not appropriate for publication. Although it may be cited for whatever persuasive value it may have, see Fed. R. App. P. 32.1, it has no precedential value, see 9th Cir. BAP Rule 8024-1. 1 Unless specified otherwise, all chapter and section references are to the

Bankruptcy Code, 11 U.S.C. §§ 101–1532, all “Rule” references are to the Federal Rules of Bankruptcy Procedure, and all “Civil Rule” references are to the Federal Rules of Civil Procedure. LLC (“T2M”). After dismissing several of Debtor’s claims, the bankruptcy

court conducted a trial on Debtor’s claims for breach of contract and

contract fraud. Debtor alleged that T2M breached the terms of a prepetition

settlement agreement under which Debtor agreed to transfer title to her

residence in exchange for T2M’s release of its lien on an adjacent empty lot.

The court held that Debtor breached the agreement by failing to

execute a deed in lieu of foreclosure or provide contact information, and

her breach excused T2M’s performance. The court denied Debtor’s claim

for contract fraud because it was duplicative of her claim for breach of

contract. Debtor does not demonstrate error; we AFFIRM.

FACTS 2

A. Prepetition events

In 2012, Debtor purchased two parcels of real property in Los Banos,

California: a parcel with a residence, where Debtor lived (the “Residence”),

and an adjacent vacant lot (“the “Vacant Lot”). At the time of purchase, she

executed a promissory note for $128,000, secured with a single deed of trust

on the Residence and Vacant Lot. The note required Debtor to make

interest-only monthly payments beginning September 1, 2012, and full

payment by August 1, 2017, but permitted Debtor to extend the term for an

additional five years if she was current at the end of the initial term.

2 Debtor did not provide excerpts of the record. We exercise our discretion to take judicial notice of documents electronically filed in the adversary proceeding and main bankruptcy case. See Atwood v. Chase Manhattan Mortg. Co. (In re Atwood), 293 B.R. 227, 233 n.9 (9th Cir. BAP 2003). 2 In December 2014, T2M purchased the note and deed of trust. At

approximately the same time, Debtor granted Tam Nguyen a junior deed

of trust on the Residence to secure a purported obligation of $3,500. At the

end of the initial term, T2M claimed that Debtor was not current with her

interest-only note payments or real property taxes, and it declined to

extend the term of the note.

T2M initiated foreclosure proceedings but agreed to suspend the

trustee’s sale for over a year to allow Debtor to either refinance or sell the

property. During this time, Debtor filed at least one state court suit against

T2M and at least three bankruptcy petitions. 3 She also deeded title to the

Residence to her wholly owned corporation, GLVM.

In August 2019, Debtor and GLVM attempted to sell the Residence

for $200,000. Based on estimates for costs of sale, unpaid real property

taxes, and payment of the second deed of trust to Ms. Nguyen, T2M

needed to reduce the amount it was owed by $9,460.45 to allow the sale to

close.

On August 18, 2019, Debtor left a letter at the offices of the entity

employed by T2M to conduct the trustee’s sale. The letter included an

executed, notarized grant deed for the Residence from GLVM to T2M and

stated:

Including the present case, Debtor has filed twenty-four bankruptcy petitions 3

since 1996, using the names Sylvia Nicole, Christina Sanchez, and Van Kim Lai. Her cases generally have been dismissed, but she received a chapter 7 discharge on April 17, 2019, in Case No. 1:18-bk-13218. 3 Dear Sir/Madam, thank you for the new payoff information that you provided to escrow last week. The escrow officer is processing the file but she needs additional time to finish the transaction. In the event that your client does not approve another extension of time to close the sale to pay off the mortgage, GLVM agrees to surrender the [Residence] to your client in place of foreclosure auction. Attached is the original grant deed from GLVM to T2M Investments, LLC, should your client choose not to have the property sold to a third party and relieve GLVM from further foreclosure proceeding of the property.

Debtor believed that the proposal would operate as a sale of the

Residence to T2M and would result in payment of real property taxes and

Ms. Nguyen’s junior lien. She expected an escrow account would be

opened to complete the transaction described in her letter. T2M understood

the letter as GLVM’s proposal to provide T2M with marketable title to the

Residence in exchange for stopping foreclosure proceedings on both

properties and releasing its interest in the Vacant Lot.

Based on Debtor’s letter, T2M’s lawyer, Steven Altman, drafted a

settlement agreement (the “Agreement”) between Debtor, GLVM, and

T2M. The Agreement provided for Debtor and GLVM to convey to T2M

title to the Residence and for T2M to release its lien on the Vacant Lot. T2M

executed the Agreement on August 26, 2019, and Debtor and GLVM

executed the Agreement on August 27, 2019. When Mr. Altman received

the fully executed Agreement from Debtor, he signed it but backdated his

signature to August 26, 2019.

4 Consistent with the Agreement, Debtor vacated the Residence and

turned over possession to T2M on September 4, 2019. Debtor did not leave

any forwarding address, telephone number, or other contact information as

required by the Agreement. T2M recorded the grant deed which Debtor

attached to her August 18, 2019 letter, but it did not immediately release its

lien on the Vacant Lot because it intended to do so when it subsequently

sold the Residence.

T2M learned in early 2020 that the grant deed provided by GLVM

did not provide it with marketable title to the Residence. T2M stated that it

needed a deed in lieu of foreclosure to sell the Residence to a third party,

but it was unsuccessful in locating Debtor, and it received no response to

telephone calls and emails.

In April 2020, T2M sued Debtor in state court to quiet title, and for

specific performance and declaratory relief. After obtaining permission to

serve Debtor by publication, T2M obtained a default against her. Debtor

filed a motion to set aside the default, and when the state court indicated

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