Land Home Financial Services, Inc., V. Stelis, Llc

CourtCourt of Appeals of Washington
DecidedJune 23, 2025
Docket86160-3
StatusUnpublished

This text of Land Home Financial Services, Inc., V. Stelis, Llc (Land Home Financial Services, Inc., V. Stelis, Llc) is published on Counsel Stack Legal Research, covering Court of Appeals of Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Land Home Financial Services, Inc., V. Stelis, Llc, (Wash. Ct. App. 2025).

Opinion

IN THE COURT OF APPEALS OF THE STATE OF WASHINGTON

LAND HOME FINANCIAL No. 86160-3-I SERVICES, INC., a California corporation, DIVISION ONE

Respondent, UNPUBLISHED OPINION

v.

STELIS, LLC, a Delaware limited liability company,

Respondent,

and

DBI COINVESTOR FUND VIII, LLC, a Delaware limited liability company; DREAMBUILDER INVESTMENTS, LLC, a New York limited liability company; and PETER ANDREWS,

Appellants.

FELDMAN, J. — The lawsuit at issue in this appeal is part of a complex

commercial dispute involving multiple parties and multiple lawsuits in various state

and federal courts. DBI Coinvestor Fund VIII LLC, Dreambuilder Investments LLC,

and Peter Andrews (collectively DBI) challenge the trial court’s entry of judgment

against them after affirming and adopting a referee’s decisions and orders. DBI

argues the referee lacked authority to resolve this litigation and that the trial court’s No. 86160-3-I

decision violated DBI’s statutory and due process rights. Finding no entitlement to

relief, we affirm.

I

Land Home Financial Services, Inc. (Land Home) is a servicer of mortgage

loans. DBI is a private equity investment fund that purchases, services, and

liquidates defaulted residential home mortgages nationwide. Stelis LLC (Stelis) is

an investor.

In August 2013, Land Home entered into a specialty loan servicing

agreement (SLSA) with Stelis and DBI to provide administrative services for a

residential home loan portfolio in which DBI and Stelis held interests. The SLSA

states that DBI is the “asset management agent” for the loans and Stelis is the

“investor.” DBI and Stelis are also collectively referred to as the “Client.” The

SLSA includes a governing law provision indicating that the parties “agree to

submit to the jurisdiction of California courts” in Orange County.

In February 2015, Ophrys LLC (Ophrys), in its capacity as manager of

Stelis, notified Land Home that Stelis was terminating DBI as the asset manager

for the loans and instructed Land Home to continue servicing the loan portfolio

pursuant to the SLSA. In response, DBI told Land Home that Stelis had no

authority to terminate DBI as asset management agent and instructed Land Home

to take direction from DBI regarding loans owned by Stelis. Faced with this conflict,

Land Home retained outside counsel and elected to follow Stelis’s instructions.

The dispute spawned numerous lawsuits between various parties in

multiple venues, two of which are of particular relevance here. In March 2015,

-2- No. 86160-3-I

Stelis sued DBI in King County Superior Court asserting that DBI breached

obligations as mortgage servicer for loan portfolios held by Stelis (the “Stelis v. DBI

lawsuit”). 1 In December 2015, Land Home filed a complaint against DBI and Stelis

in Orange County, California seeking declaratory relief as to which entity Land

Home should take directions from (the “first Land Home lawsuit”).

In May 2016, DBI and Stelis entered into a settlement agreement (the 2016

SA) to resolve nine pending lawsuits in New York, California, and Washington,

including the Stelis v. DBI lawsuit and the first Land Home lawsuit. 2 In the 2016

SA, the parties agreed to “submit to the jurisdiction of the Superior Court of

Washington for King County and the Hon. Bruce W. Hilyer as referee” for

“resolution of all disputes arising out of this Settlement Agreement.” The 2016 SA

includes a dispute resolution clause providing that “any dispute or controversy

relating to this Settlement Agreement, including the implementation, interpretation,

application, or enforcement of this Settlement Agreement, shall be resolved in

accordance with the procedures set forth in RCW 4.48 (Trial Before Referee).” In

accordance with the 2016 SA, the trial court entered an agreed injunction in the

Stelis v. DBI lawsuit and appointed Judge Hilyer as referee.

In January 2017, following the execution of the SLSA, Land Home

voluntarily dismissed the first Land Home lawsuit without prejudice. In March

2018, DBI filed a lawsuit against Land Home in Orange County, California alleging

Land Home breached the SLSA by following the directions of Stelis and not DBI

1 Stelis v. DBI, King County Superior Court Cause No. 15-2-06898-9 SEA. 2 The 2016 SA defines the “DBI Parties” as Dreambuilder Invs., LLC, DBI Coinvestor Fund VIII,

LLC, Gregory Palmer, and Peter Andrews, and it defines the “Ophyrs Parties” as Stelis, LLC, Cerastes, LLC, Ophrys, LLC, Oak Harbor Capital X, LLC, and William S. Weinstein.

-3- No. 86160-3-I

(the second Land Home lawsuit). 3 In May 2018, Land Home and DBI stipulated to

the authority of a California referee. In March 2019, Land Home filed a cross

complaint which set forth claims against DBI that the referee later found were

“substantially the same” as the claims raised in the first Land Home case

referenced in the 2016 SA.

In November 2020, Land Home sued Stelis in King County Superior Court

for indemnification for fees and costs incurred in defending itself against DBI (the

Land Home indemnity lawsuit). 4 Land Home alleged that if DBI should recover

against it in the second Land Home lawsuit, Stelis should indemnify Land Home

because Land Home followed Stelis’s instructions in providing services. Stelis

then asked the referee for a determination that the 2016 SA entitled Stelis to

indemnification from DBI related to Land Home’s claims against Stelis in the Land

Home indemnity lawsuit. In December 2020, the referee determined that DBI was

required to indemnify Stelis pursuant to the 2016 SA and entered an order granting

Stelis’s motion accordingly. To implement that order, Stelis filed a motion for

attorney fees and costs related to the Land Home indemnity lawsuit.

In March 2021, Stelis and Land Home moved to consolidate the Land Home

indemnity lawsuit with the Stelis v. DBI lawsuit for resolution by the referee

pursuant to the 2016 SA. DBI opposed consolidation. The trial court entered an

order denying consolidation but linking the cases.

3 Dreambuilder Invs., LLC v. Land Home Fin. Servs., Inc., Superior Court of the State of California,

County of Orange, Case No. 30-2018-00980982-CU-BC-CJC. 4 Land Home Fin. Servs., Inc. v. Stelis, LLC, King County Superior Court Case # 20-2-17243-0

SEA.

-4- No. 86160-3-I

In February 2022, Land Home and Stelis entered into a settlement

agreement (the 2022 SA) to resolve the Land Home indemnity lawsuit and the

second Land Home lawsuit. DBI declined to participate in the settlement

negotiations. Among other provisions, the 2022 SA provides for entry of judgment

in favor of Land Home and against DBI and Stelis with respect to unpaid servicing

invoices and attorney fees incurred by Land Home in an amount to be determined

by the referee. Stelis sought the referee’s approval for the proposed settlement

agreement. DBI then joined the Land Home indemnity lawsuit as a defendant-

intervenor and moved for dismissal under CR 12(b)(3), which governs dismissal

for improper venue, arguing that Land Home’s indemnification claims against Stelis

must be brought in California pursuant to the SLSA and that the 2016 SA was

irrelevant because Land Home was not a named party therein.

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