Jared Schnackenberg v. Toll Brothers Mortgage Company

CourtDistrict Court, M.D. Florida
DecidedJanuary 26, 2026
Docket3:24-cv-00324
StatusUnknown

This text of Jared Schnackenberg v. Toll Brothers Mortgage Company (Jared Schnackenberg v. Toll Brothers Mortgage Company) is published on Counsel Stack Legal Research, covering District Court, M.D. Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jared Schnackenberg v. Toll Brothers Mortgage Company, (M.D. Fla. 2026).

Opinion

UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA JACKSONVILLE DIVISION

JARED SCHNACKENBERG,

Plaintiff,

vs. Case No. 3:24-cv-324-MMH-PDB

TOLL BROTHERS MORTGAGE COMPANY,

Defendant. /

ORDER THIS CAUSE is before the Court on Defendant’s Renewed Motion for Summary Judgment (Doc. 149; Motion), filed September 30, 2025. Plaintiff, Jared Schnackenberg, filed his Response to Defendant’s Renewed Motion for Summary Judgment (Doc. 150; Response) on October 28, 2025. On the same day, Schnackenberg also filed his Notice of Filing Additional Evidence in Opposition to Defendant’s Renewed Motion for Summary Judgment (Doc. 151), attaching several exhibits. On November 12, 2025, Defendant, Toll Brothers Mortgage Company, filed its Reply in Support of its Renewed Motion for Summary Judgment (Doc. 152). Accordingly, this matter is ripe for review. I. Background1 On March 30, 2022, Plaintiff, Jared Schnackenberg, entered into a

contract with Toll FL XIII Limited Partnership (the Seller) to purchase a new home in St. Johns, Florida (the Property). See Agreement of Sale (Doc. 46-2; Purchase Agreement), filed December 9, 2024. In connection with this purchase, on April 6, 2022, Plaintiff applied for a new home mortgage loan from

Defendant, Toll Brothers Mortgage Company (TBMC), an affiliate of the Seller. See Affidavit of Jared Schnackenberg in Support of Plaintiff’s Motion for Partial Summary Judgment on Liability (Doc. 49-1; Plaintiff’s First Affidavit), filed December 9, 2024, ¶ 4; Uniform Residential Loan Application (Doc. 65-1; Loan

Application), filed January 17, 2025. Both TBMC and the Seller are wholly owned subsidiaries of Toll Brothers Inc. Compare Amended Complaint and Jury Demand (Doc. 33; Amended Complaint), filed September 3, 2024,2 ¶ 67, with Defendant’s Answer and Affirmative Defenses (Doc. 36), filed September 19,

2024, ¶ 67. On April 27, 2022, Schnackenberg and TBMC entered into the Mortgage Loan Commitment (Doc. 33-1; Loan Commitment). Under the terms of the Loan

1 For the purpose of resolving the Motion, the Court views all disputed facts and reasonable inferences in the light most favorable to Plaintiff, Jared Schnackenberg. However, the Court notes that these facts may differ from those that can ultimately be proved at trial. See Lee v. Ferraro, 284 F.3d 1188, 1190 (11th Cir. 2002). 2 Schnackenberg attaches many relevant documents to the Amended Complaint filed on September 3, 2024; the Court references these as exhibits to “Doc. 33” on the Court’s docket. Commitment, Schnackenberg’s application for a loan of $647,200 was conditionally approved, but it remained subject to certain terms and conditions.

See id. at 1. For example, upon TBMC’s request, the Loan Commitment required Schnackenberg to provide specified documentation, including “copies of cancelled checks and the corresponding bank statement(s) to source” earnest money deposits paid to the Seller. See id. at 2. After entering into the Loan

Commitment, Schnackenberg and TBMC worked to acquire the documentation necessary to obtain final approval. See Affidavit of Jared Schnackenberg in Opposition to Defendant’s Renewed Motion for Summary Judgment (Doc. 151- 3; Plaintiff’s Second Affidavit), filed October 28, 2025, ¶ 5. Notably, during this

time, Schnackenberg paid the Seller a total of $67,344 in pre-closing deposits (the Deposits).3 See id. ¶ 4. Before the scheduled closing of the Loan Commitment and the underlying property purchase, Schnackenberg and one of TBMC’s loan officers discussed

increasing the amount of Schnackenberg’s loan. See id. ¶ 6. In April 2023,

3 It appears that Schnackenberg attempts to manufacture a dispute of material fact by stating that he paid the Deposits to “TBMC and/or Seller.” See, e.g., Response ¶¶ 12, 33; Plaintiff’s Second Affidavit ¶¶ 4, 18. But the evidence shows that the Deposits were paid to the Seller. See, e.g., Loan Commitment at 2 (referencing “earnest money deposits paid to the builder”); Letter Dated August 24, 2023 (Doc. 33-4; Default Notice) (advising Schnackenberg that the Seller would retain his Deposits should he fail to close on the Property). And Schnackenberg’s vague phrasing constitutes no more than a mere scintilla of evidence insufficient to create a genuine dispute of material fact. See Kesinger ex rel. Estate of Kesinger v. Herrington, 381 F.3d 1243, 1247 (11th Cir. 2004) (“[A] mere scintilla of evidence in support of the non-moving party’s position is insufficient to defeat a motion for summary judgment.” (citing Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 252 (1986))). TBMC issued loan estimates reflecting increases of Schnackenberg’s loan to $725,000 and $726,200. See Plaintiff’s Second Affidavit ¶¶ 7–9; see also

Plaintiff’s Second Affidavit Exhs. A–C (Doc. 151 at 6–17; Increased Loan Estimates). And, on July 21, 2023, TBMC sent Schnackenberg a “Closing Disclosure” setting forth the final loan terms for a loan of $726,200. See Plaintiff’s Second Affidavit ¶ 10; Closing Disclosure (Doc. 33-2).

On July 25, 2024, Schnackenberg and his family traveled from Colorado to Jacksonville, Florida, expecting to move into their new home. See Plaintiff’s First Affidavit ¶ 17. However, before they arrived, TBMC informed Schnackenberg that it could not offer the increased loan amount reflected in the

Increased Loan Estimates and Closing Disclosure. See id. ¶ 18. TBMC remained willing to offer a loan under the terms the parties agreed to in the Loan Commitment. See Exhibit 3 (67-2; Comment Log), filed January 22, 2025, at 3. But Schnackenberg declined to move forward with the Loan Commitment under

these terms. See id. at 2–3. Unable to move into their intended home upon arrival in Florida, Schnackenberg and his family checked into a hotel and their belongings remained packed away in rental trucks. See Plaintiff’s First Affidavit ¶ 18. In

the meantime, TBMC attempted to set Schnackenberg up with a lender that appeared willing to offer a loan on his desired terms. See Comment Log at 2–3; Exhibit 8 (Doc. 67-7; Email Exchanges), filed January 22, 2025, at 10–11. But Schnackenberg refused to submit an application with this alternate lender, believing that the process would be lengthy, expensive, and futile. See Email

Exchanges at 13; Email from Jared Schnackenberg dated August 9, 2023 (Doc. 33-3; Email Proposal) at 2. Ultimately, Schnackenberg failed to close on the underlying property purchase, and the Seller retained the Deposits in accordance with the terms of the Purchase Agreement. See Email Proposal at

3; Letter Dated August 24, 2023 (Doc. 33-4; Default Notice). Schnackenberg asked TBMC and the Seller to return the Deposits. See Email Proposal at 3. But neither TBMC nor the Seller responded to this request. See Plaintiff’s Second Affidavit ¶ 17. As such, Schnackenberg initiated this action in state

court on February 15, 2024. See Complaint and Jury Demand (Doc. 8), filed April 1, 2024, at 1. On March 29, 2024, TBMC removed this action to this Court. See generally Defendant’s Notice of Removal (Doc. 1). In the Amended Complaint,

Schnackenberg asserts several claims under federal and state law. See generally Amended Complaint. On December 9, 2024, both parties filed motions for summary judgment. See Toll Brothers Mortgage Company’s Motion for Summary Judgment and Memorandum in Support (Doc. 44); Plaintiff’s Motion

for Partial Summary Judgment on Liability as to Counts I & II of Amended Complaint (Doc. 47). After hearing oral argument on the motions, the Honorable William G.

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