Mar Acquisition Group, LLC v. Maurice Oparaji

New Jersey Superior Court Appellate Division·Decided March 10, 2026·No. A-2188-24·Unpublished

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited . R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION

DOCKET NO. A-2188-24

MAR ACQUISITION GROUP, LLC, TAG DEVELOPMENT, LLC,

Plaintiffs-Respondents,

v. MAURICE OPARAJI,

Defendant/Third-Party

Plaintiff-Appellant,

and ME & YOU BIOTECH INC., Defendant,

v.

MAR ACQUISITION GROUP, LLC, TAG DEVELOPMENT, LLC, WFG NATIONAL TITLE INSURANCE COMPANY, A ABSOLUTE ESCROW SETTLEMENT CO., INC., ACRES LAND TITLE AGENCY, INC.,

PETER A. UZZOLINO, JONATHAN TEOH, RAPHAEL SALERMO,

Third-Party Defendants-

Respondents,

and

VALLEY SURVEYING, PLLC, EXIT REALTY LUCKY ASSOCIATES,

Third-Party Defendants.

Submitted January 14, 2026 – Decided March 10, 2026 Before Judges Smith and Jablonski.

On appeal from the Superior Court of New Jersey, Chancery Division, Essex County, Docket No. C-

000120-21.

Maurice Oparaji, self-represented appellant.

Bendit Weinstock, PA, attorneys for respondents Mar Acquisition Group, LLC, Tag Development, LLC, Jonathan Teoh, and Raphael Salermo (Joseph H.

Tringali, on the brief).

Louis A. Chiafullo, attorney for respondents Acres Land Title Agency, Inc., A Absolute Escrow Settlement Co., Inc., and Peter Uzzolino, join in the brief of respondents Mar Acquisition Group, LLC, Tag Development, LLC, Jonathan Teoh and Raphael Salermo.

A-2188-24

Riker Danzig LLP, attorneys for respondent WFG National Title Insurance Company (Jorge A. Sanchez, on the brief).

PER CURIAM Appellant Maurice Oparaji challenges a March 14, 2025 order denying his application to vacate two prior Law Division orders, which ordered specific performance of two contracts of sale of two of his properties. We conclude the trial court appropriately exercised its discretion in denying Oparaji's motion. Therefore, we affirm.

I.

This case arises from the attempted sale of two contiguous real estate lots, known respectively as 71 Isabella Avenue ("Lot 51") and 73 Isabella Avenue ("Lot 50") in Newark. On February 8, 2021, Oparaji, the owner of both parcels, contracted to sell Lot 51 to Mar Acquisition Group, LLC ("MAR") and Lot 50 to Tag Development, LLC ("TAG") at a purchase price of $120,000 each. Both respondents intended to develop the property into veterans' housing. Although neither contract contained a fixed expiration date nor did either include a clause making "time of the essence," anticipated closing dates were set for February 28, 2021, for Lot 51, and April 28, 2021, for Lot 50.

A-2188-24

MAR and TAG investigated certain environmental concerns at the premises and negotiated a cost-split for oil tank removals. Both buyers retained architects and obtained title insurance, property surveys, and construction loans as well. Notwithstanding the contracts, Oparaji transferred ownership of the properties, along with another adjacent Lot 49, to Me & You Biotech Inc. 1 ("Biotech") on April 14, 2021. Those transfers were made by deed and for nominal consideration. Respondents speculated the transfers represented an attempt by Oparaji to avoid a docketed judgment. Although Oparaji disputed this and claimed the allegations were defamatory, Oparaji did not provide a substantive alternative explanation for the transfers.

Despite the ownership change, Oparaji's counsel continued to interact with MAR and TAG's attorneys regarding closing, scheduling, and title issues, including an unresolved judgment against Oparaji revealed in the title search. 2 They discussed arrangements for escrow of funds to satisfy the judgment. In a June 14, 2021, email, Oparaji confirmed a closing date for June 22, 2021.

1 Biotech is a New Jersey corporation formed in January 2021. Biotech's formation documents disclosed that incorporators were Oparaji, Prince Oparaji, and Aaron Bowen, and that same were the initial directors. Prince Oparaji was identified as Biotech's Registered Agent. 2 The judgment totaled $38,061.33 and was entered under Oparaji v. Innovate 1 Services, Inc., Docket No. ESX-L-6600-17.

A-2188-24

However, on June 21, 2021, Oparaji's counsel informed MAR and TAG's attorneys that:

Seller will not be ready to close tomorrow and the said judgments are the subject of appellate hearing pending before the Appellate court of [New Jersey].

Further, I have discontinued my representation of the [s]eller in the above captioned transaction and wish to return your earnest money deposits to your office.

Please provide us with your Attorney Trust Account information so I can return the sum of $20,000 initial deposits from the [b]uyers of 71 and 73 Isabella Avenue.

Several days later, Oparaji's counsel took the position that:

Seller and [b]uyer should be able to resolve setting aside a particular amount of money in the escrow and proceed to closing the transaction. When the [s]eller settles his appellate litigation and clears the title encumbrance (judgment lien), then the fund in escrow shall be released to him. The escrow may be held by the [b]uyer's attorney, [s]eller's attorney or title company as agreed to by the parties.

Oparaji's transactional attorney confirmed counsel's "capacity as . . .

[Oparaji's] attorney," acknowledged that MAR and TAG as buyers had removed the oil tank, and confirmed that the deposit monies were still in his possession:

I do not know where Mr. Oparaji got the impression that the deposit money was returned to the [b]uyer's

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attorney. How could the [s]eller's attorney return the deposit money after the [b]uyer solely bore the entire cost of removing the oil tank from 71/73 Isabella Ave.

In my capacity as the [s]eller's attorney, I confirm that I still have the deposit sum of $20,000 in my Attorney Trust account, which I will transfer at closing to the [b]uyer's closing title agent's designated account. As I have earlier stated, the seller needs to agree to have a certain amount of money to be held in escrow for his benefit until he resolves his appellate matter in his favor. Then he gets the escrowed funds released to him. However, if he loses the appeal then he doesn't get the escrowed fund.

TAG and MAR sued Oparaji for specific performance of their contracts.

Oparaji attempted to remove the matter to federal court. However, that court remanded the matter sua sponte concluding it lacked subject matter jurisdiction. Oparaji appealed. The Third Circuit dismissed the appeal and remanded to the Superior Court.

Following the buyers' summary judgment application, the motion judge entered an order on March 8, 2022, ordering the specific performance of the contracts. After Oparaji failed to appear for closing, the motion judge signed a December 8, 2022 order in aid of MAR and TAG's litigants' rights and appointed an agent to close the transaction. Oparaji again failed to appear on the closing date. As a result, the agent transferred Lot 50 to TAG and Lot 51

A-2188-24

to MAR and deposited those funds into the Superior Court Trust Fund Unit on October 2, 2024.

Oparaji appealed and we affirmed. MAR Acquisition Grp., LLC, and TAG Dev., LLC v. Oparaji, No. A-2160-21 (App. Div. Apr. 21, 2023) (Oparaji I). A subsequent federal action was also dismissed.

In February 2025, Oparaji moved to vacate the December 8 2022, and October 2, 2024 orders under Rule 4:50-1 (b), (c), (d), (f), and Rule 4:6-2(a), alleging fraud and lack of jurisdiction, among other grounds. MAR and TAG opposed the application arguing the motion was untimely and lacked merit.

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