Mihail Chrissos A/K/A Mihail Chryssos and Maria Chrissos A/K/A Maria Chryssos v. PlainsCapital Bank

CourtCourt of Appeals of Texas
DecidedNovember 13, 2025
Docket13-23-00532-CV
StatusPublished

This text of Mihail Chrissos A/K/A Mihail Chryssos and Maria Chrissos A/K/A Maria Chryssos v. PlainsCapital Bank (Mihail Chrissos A/K/A Mihail Chryssos and Maria Chrissos A/K/A Maria Chryssos v. PlainsCapital Bank) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Mihail Chrissos A/K/A Mihail Chryssos and Maria Chrissos A/K/A Maria Chryssos v. PlainsCapital Bank, (Tex. Ct. App. 2025).

Opinion

NUMBER 13-23-00532-CV

COURT OF APPEALS

THIRTEENTH DISTRICT OF TEXAS

CORPUS CHRISTI – EDINBURG

MIHAIL CHRISSOS A/K/A MIHAIL CHRYSSOS AND MARIA CHRISSOS A/K/A MARIA CHRYSSOS, Appellants,

v.

PLAINSCAPITAL BANK, Appellee.

ON APPEAL FROM THE 105TH DISTRICT COURT OF NUECES COUNTY, TEXAS

MEMORANDUM OPINION

Before Justices Silva, Peña, and Cron Memorandum Opinion by Justice Silva

In fifteen issues, which we reorganize and renumber as eleven issues with sub-

issues, appellants Mihail Chrissos a/k/a Mihail Chryssos and Maria Chrissos a/k/a Maria

Chryssos appeal the trial court’s order granting appellee PlainsCapital Bank’s (PCB) combined traditional and no-evidence motions for summary judgment. We affirm in part

and reverse and remand in part.

I. BACKGROUND 1

In 2007, appellants executed a commercial promissory note with First National

Bank (FNB) in the amount of $828,000.00 and a related deed of trust concerning

commercial property in Jim Wells County. In 2009, appellants entered into a modification

agreement concerning their payment schedule of the note. In 2013, PCB acquired the

promissory note, deed of trust, and the modification agreement. Appellants subsequently

defaulted on the note on July 24, 2017, and August 24, 2017. On August 29, 2017, PCB

sent appellants a notice of default informing them that “[t]he failure to cure the defaults on

or before ten (10) days after the date of this letter may result in the acceleration of all

sums secured by the [d]eed of [t]rust . . . as well as the sale of the [p]roperty.” On October

12, 2017, PCB sent appellants a formal notice of acceleration, which stated:

If the entire balance due on the [n]ote, including default interest and all costs and fees incurred in enforcing [PCB]’s rights under the [n]ote, and all other sums due pursuant to the [l]oan [d]ocuments are not paid in full immediately, [PCB] may pursue its available remedies set out in the [n]ote and the [l]oan [d]ocuments.

The acceptance by [PCB] of any payment in an amount less than the full amount required to cure the defaults will be an acceptance on account only, and the failure to pay the full amount required shall be and continue to be a default.

1 The instant case is the second appeal involving the parties. See Chrissos v. PlainsCapital Bank,

No. 13-21-00271-CV, 2022 WL 17492276 (Tex. App.—Corpus Christi–Edinburg Dec. 8, 2022, no pet.) (mem. op.) (reversing the trial court’s judgment ordering death penalty sanctions where the conduct complained of could not be sufficiently attributed to the party).

2 On October 17, 2017, PCB sent appellants a formal notice of sale informing them

that the property would be subject to foreclosure on November 7, 2017, if the “entire

balance due on the [n]ote, and all costs and fees incurred in enforcing [PCB]’s rights

under the [n]ote and governing [l]oan documents, [was] not paid in full prior to the sale

date.”

On October 31, 2017, Monika Page, appellants’ real estate agent, emailed PCB’s

Paul Nauschutz requesting to delay the posted foreclosure of November 7, 2017, if the

appellants bring a cashier’s check for “past due payments [of] July (20[th]) through

November (20[th]).”

On November 2, 2017, appellants submitted a payment in the amount of

$22,500.00 to PCB. The following day, PCB sent appellants a letter of acceptance of

partial payment stating:

Acceptance by [PCB] of the payment in an amount less than the full amount required to cure the defaults is an acceptance on account only, and the failure to pay the full amount required continues to be a default.

This shall serve as notice that the foreclosure sale of the property serving as collateral for the [l]oan scheduled for November 7, 2017[,] has been pulled.

Neither the failure nor any delay on the part of [PCB] to exercise any right, power or privilege under the [n]ote, or any of the documents executed and/or delivered in connection with the [n]ote . . . shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege. [PCB] reserves all of its rights and remedies under the [n]ote and the other [l]oan [d]ocuments, at law, in equity, or otherwise.

On November 14, 2017, PCB sent appellants a formal notice of sale informing

them that the property would be subject to foreclosure on December 5, 2017, unless

3 appellants paid the balance due on the promissory note as well as all costs and fees

incurred by PCB in “enforcing [their] rights under the [n]ote” in full before the sale date.

Following appellants’ failure to cure the default, the property was sold to PCB at

the highest bid price of $376,148.00. On February 16, 2018, PCB sent appellants a

demand for payment letter informing them that a deficiency resulted from the foreclosure

because the proceeds were not sufficient to pay all amounts due and owing under the

promissory note. On October 3, 2018, PCB sent appellants another letter demanding

payment of the deficiency plus accrued interest.

On December 10, 2018, PCB brought suit to collect appellants’ deficient balance

owed under the promissory note. At the time of filing, PCB sought to collect a total amount

of $308,539.00, plus attorney’s fees pursuant to the terms of the promissory note and

§ 38.001(8) of the Texas Civil Practice and Remedies Code. See TEX. CIV. PRAC. & REM.

CODE ANN. § 38.001(8).

On January 11, 2019, appellants filed their original answer and counterclaim

wherein appellants alleged affirmative defenses of accord and satisfaction and failure to

mitigate; a statutory offset defense under Texas Property Code § 51.003; and a fraudulent

misrepresentation by omission counterclaim. See TEX. PROP. CODE ANN. § 51.003.

On July 12, 2023, PCB filed its combined traditional and no-evidence motions for

summary judgment. In its no-evidence motion, PCB asserted that appellants cannot

produce competent evidence of fair market value regarding its claim for offset; that they

had no competent or admissible evidence of all elements of its accord and satisfaction

defense; they “cannot adduce a scintilla of admissible evidence on the . . . duty to

mitigate, lack of diligence, or the amount of increase in damages;” and they “cannot

4 adduce a scintilla of competent or admissible evidence supporting . . . fraudulent

misrepresentation by omission.” 2 In its traditional motion, PCB asserted that it was

entitled to summary judgment on its claim for deficiency and in support of its motion,

attached affidavits from PCB’s Senior Vice President and Special Assets Operational

Manager Matthew Noack, and PCB’s attorney Rupert Barron. Noack stated he is the

custodian of records at PCB, and was personally familiar with the

[B]ooks and records of [PCB] with respect to the Promissory Note . . . for [l]oan [n]o. ending “7124” payable to [FNB] as original Lender in the original principal amount of $828,000.00 [promissory note], and bearing signatures in the names of [appellants] . . . including the Deed of Trust . . . , the Security Agreement . . . , the Modification Agreement . . . , the related loan documents executed in relation to the [n]ote, and the balance owed to [PCB] on the [n]ote.

He also attested that PCB was the current owner of the promissory note and had

acquired the property on December 5, 2017, for $376,148.00. Noack further attested that

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