Kassiani Pitassi v. Deutsche Bank National Trust Company

CourtBankruptcy Appellate Panel of the First Circuit
DecidedFebruary 6, 2025
DocketBAP No. EP 24-003
StatusPublished

This text of Kassiani Pitassi v. Deutsche Bank National Trust Company (Kassiani Pitassi v. Deutsche Bank National Trust Company) is published on Counsel Stack Legal Research, covering Bankruptcy Appellate Panel of the First Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Kassiani Pitassi v. Deutsche Bank National Trust Company, (bap1 2025).

Opinion

FOR PUBLICATION

UNITED STATES BANKRUPTCY APPELLATE PANEL FOR THE FIRST CIRCUIT _______________________________

BAP NO. EP 24-003 _______________________________

Bankruptcy Case No. 22-20126-PGC _______________________________

KASSIANI DEMETRIADI PITASSI, d/b/a Lucia’s Greetings, LLC, Debtor. _______________________________

KASSIANI DEMETRIADI PITASSI, Appellant,

v.

DEUTSCHE BANK NATIONAL TRUST COMPANY, as Indenture Trustee for Mortgage IT Trust 2005-2, DEUTSCHE BANK NATIONAL TRUST COMPANY, as trustee for WAMU Mortgage Pass-Through Certificates-WAMU-2005-AR6, and ANDREW M. DUDLEY, Chapter 13 Trustee, Appellees. _________________________________

Before Finkle, Chief U.S. Bankruptcy Appellate Panel Judge; Lamoutte and Cabán, U.S. Bankruptcy Appellate Panel Judges. _______________________________

E. Chris L’Hommedieu, Esq., on brief for Appellant. Kevin J. Crosman, Esq., on brief for Appellee, Deutsche Bank National Trust Company, as Indenture Trustee for Mortgage IT Trust 2005-2. No briefs filed for Appellees, Deutsche Bank National Trust Company, as trustee for WAMU Mortgage Pass-Through Certificates-WAMU Series 2005-AR6, and Andrew M. Dudley, Chapter 13 Trustee. _________________________________

February 6, 2025 _________________________________ Finkle, Chief U.S. Bankruptcy Appellate Panel Judge.

Kassiani Demetriadi Pitassi (the “Debtor”) filed a notice of appeal from the bankruptcy

court’s April 2, 2024 order confirming her amended chapter 13 plan (the “Confirmation Order”).

By this appeal, she seeks review of the bankruptcy court’s order entered nearly two years earlier

denying confirmation of her original chapter 13 plan (the “Order Denying Confirmation”).

The core dispute in this appeal is the Debtor’s inclusion of a provision in her original plan

that challenged the validity of two mortgages encumbering her Connecticut real estate. Appellee

Deutsche Bank National Trust Company, as Indenture Trustee for Mortgage IT Trust 2005-2, the

holder of one of those mortgages, asserts that preclusionary principles prevented the bankruptcy

court from revisiting the foreclosure judgment it obtained in the Connecticut state court and,

therefore, the bankruptcy court properly denied confirmation of the Debtor’s original plan. 1

For the reasons discussed below, we DISMISS this appeal as equitably moot.

BACKGROUND

I. Pre-Petition Events

The Debtor is an individual who resides in Maine and formerly owned two real properties

in Connecticut: 139 East Elm Street in Greenwich (the “Elm Street Property”) and 10 Jackson

Street in Cos Cob (the “Jackson Street Property”).

1 Although named as appellees, neither Deutsche Bank National Trust Company, as trustee for WAMU Mortgage Pass-Through Certificates, Series 2005-AR6 (the holder of the other mortgage), nor the chapter 13 trustee have filed briefs or have otherwise participated in this appeal. 2 A. The Elm Street Property

On January 24, 2005, the Debtor executed an adjustable rate note in favor of IPI

Skyscraper Mortgage Corporation (“Skyscraper”) in the amount of $650,000 (the “Elm Street

Note”). To secure the Elm Street Note, the Debtor granted a mortgage on the Elm Street

Property to Mortgage Electronic Systems, Inc., as nominee for Skyscraper (the “Elm Street

Mortgage”). The Elm Street Note and Elm Street Mortgage were first assigned to MortgageIT,

Inc., and then to appellee Deutsche Bank National Trust Company, as Indenture Trustee for

Mortgage IT Trust 2005-2 (“Deutsche Elm”).

In October 2017, Deutsche Elm initiated foreclosure proceedings, seeking a judgment of

foreclosure by sale in the Connecticut state court (the “State Court”). After a default for failure

to plead issued against the Debtor, the State Court entered a judgment of foreclosure by sale at a

hearing conducted on November 13, 2018. Based on that judgment, the State Court scheduled a

foreclosure sale of the Elm Street Property for March 16, 2019. The sale date was continued

from time to time and was ultimately stayed by the filing of the Debtor’s chapter 13 bankruptcy

case.

B. The Jackson Street Property

On December 1, 2004, the Debtor and her husband Frank Pitassi executed a note in the

amount of $927,500 (the “Jackson Street Note”) in favor of Washington Mutual Bank, FA. That

note was secured by a mortgage on the Jackson Street Property (the “Jackson Street Mortgage”).

The Jackson Street Mortgage was modified by a written agreement between Frank Pitassi, the

Debtor, and Washington Mutual Bank in 2008 (the “Loan Modification Agreement”). Under the

Loan Modification Agreement, the Debtor released all claims which might render the Jackson

Street Mortgage or the Jackson Street Note void or unenforceable. In December 2009, the

Jackson Street Note, Jackson Street Mortgage, and the Loan Modification Agreement were 3 assigned to Deutsche Bank National Trust Company, as trustee for WAMU Mortgage Pass-

Through Certificates, Series 2005-AR6 (“Deutsche Jackson”).

In August 2016, Deutsche Jackson commenced a foreclosure action against the Debtor in

the State Court to foreclose on the Jackson Street Property. Several months later Deutsche

Jackson filed a motion for default due to the Debtor’s failure to appear in the foreclosure action,

and the State Court granted the motion. The Debtor was unsuccessful in her efforts to vacate the

entry of default. Thereafter, on August 13, 2018, a judgment of foreclosure by sale was entered

against the Debtor (the “Jackson Street Judgment”). After the Debtor’s appeal of that judgment

was dismissed, the State Court issued two notices of judgment of strict foreclosure: the first on

August 1, 2022, and the second, a “corrective” notice, on August 23, 2022.

II. The Debtor’s Chapter 13 Bankruptcy Filing

The Debtor filed a petition for chapter 13 relief on August 10, 2022 (before the entry of

the second notice of judgment against the Jackson Street Property), thereby staying the

foreclosure proceeding. On Schedule A of her bankruptcy schedules, the Debtor listed the Elm

Street Property as her former residence and the Jackson Street Property as a rental property. On

Schedule D, she listed Deutsche Elm and Deutsche Jackson as the holders of disputed secured

claims. 2 Deutsche Elm filed a proof of secured claim in the amount of $957,804.75, and

Deutsche Jackson filed a proof of secured claim in the amount of $802,534.47. The Debtor did

not file objections to either proof of claim.

2 In June 2011, the Debtor filed a prior, no-asset chapter 7 case jointly with her husband, in which she received a discharge in October 2011. See Case No. 11-20958 (Bankr. D. Me.). The Debtor listed the Elm Street Property and Jackson Street Property on her schedules in that case but identified the holders of mortgages on the properties at that time as GMAC Mortgage and Chase Home Finance, LLC, respectively.

4 A. The Plan and Objections

On September 27, 2022, the Debtor filed her original proposed chapter 13 plan (the

“Original Plan”). That plan provided for monthly payments to the chapter 13 trustee totaling

approximately $80,000, with $53,000 allocated to nonpriority unsecured creditors and the

balance to priority claimants. It did not propose any payments to Deutsche Elm or Deutsche

Jackson. Moreover, the Original Plan contained the following Nonstandard Plan Provision in

section 8.1, giving rise to the parties’ dispute:

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