M&T BANK, ETC. VS. DANIEL B. GRAVES (F-002952-16, ESSEX COUNTY AND STATEWIDE)

CourtNew Jersey Superior Court Appellate Division
DecidedOctober 30, 2018
DocketA-1497-17T2
StatusUnpublished

This text of M&T BANK, ETC. VS. DANIEL B. GRAVES (F-002952-16, ESSEX COUNTY AND STATEWIDE) (M&T BANK, ETC. VS. DANIEL B. GRAVES (F-002952-16, ESSEX COUNTY AND STATEWIDE)) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
M&T BANK, ETC. VS. DANIEL B. GRAVES (F-002952-16, ESSEX COUNTY AND STATEWIDE), (N.J. Ct. App. 2018).

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NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court."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-1497-17T2

M&T BANK, successor by merger to HUDSON CITY SAVINGS BANK,

Plaintiff-Respondent,

v.

DANIEL B. GRAVES,

Defendant-Appellant,

and

MRS. DANIEL B. GRAVES, his wife, JENNIE B. GRAVES, MR. GRAVES, husband of JENNIE B. GRAVES, and PNC BANK, NATIONAL ASSOCIATION,

Defendants. _______________________________

Submitted September 18, 2018 – Decided October 30, 2018

Before Judges Yannotti and Rothstadt. On appeal from Superior Court of New Jersey, Chancery Division, Essex County, Docket No. F- 002952-16.

Murano & Roth, LLC, attorneys for appellant (John F. Murano, on the briefs).

Parker, McCay, PA, attorneys for respondent (Eugene M. Mariano, of counsel; Stacy L. Moore, Jr., on the brief).

PER CURIAM

In this residential foreclosure action filed by plaintiff, M&T Bank,

successor by merger to Hudson City Savings Bank, defendant Daniel Graves1

appeals from the Chancery Division's denial of his motion for a stay of a

foreclosure under a statute enacted by the Legislature as part of its efforts to

"codify and expand standards and safeguards for the treatment of individuals

. . . seeking financial assistance in recovering from Superstorm Sandy. [2]"

N.J.S.A. 52:15D-3.

The relevant provisions of the statute upon which defendant relied in the

trial court, and now on appeal, states the following:

1 Although named as a defendant, Daniel Graves' wife Jennie Graves is not participating in this appeal. 2 "'Superstorm Sandy' means the major storm that made landfall in New Jersey on October 29, 2012." N.J.S.A. 52:13D-4.

A-1497-17T2 2 a. A Sandy-impacted homeowner shall be eligible for a forbearance regardless of whether the homeowner’s primary residence is already the subject of a foreclosure proceeding. The Sandy-impacted homeowner shall apply to the commissioner, on forms to be provided by the department, for a certification of eligibility for the forbearance under this subsection before the first day of the third month next following the date when the commissioner makes the application available pursuant to subparagraph (b) of paragraph (1) of subsection (e) of this section. The commissioner shall approve or deny an application within 30 days of its delivery to the commissioner. If the application is not approved or denied within 30 days of its delivery, the application shall be deemed approved.

b. The forbearance period shall conclude upon the earlier of:

(1) the conclusion of one year following issuance of a certificate of occupancy for recovery and rebuilding program work;

(2) July 1, 2019; or

(3) regarding a property in foreclosure proceedings, upon the expiration of 10 days following sheriff’s sale.

....

d. A Sandy-impacted homeowner who was the subject of a foreclosure proceeding as of August 10, 2015, the effective date of P.L.2015, c.102 (C.52:15D-3 et seq.) shall, upon good cause shown, be awarded, by the court and upon application by the property owner, a stay in the foreclosure proceedings. An application to the court by a property owner under this subsection shall

A-1497-17T2 3 be made before the first day of the fifth month next following the effective date of P.L.2017, c.15, unless the courts in their discretion permit application submission for a longer period. The receipt of rental assistance from the Federal Emergency Management Agency as a result of damage to the homeowner’s primary residence due to Superstorm Sandy, or approval for assistance through the RREM [Reconstruction, Rehabilitation, Elevation and Mitigation] or LMI [Low-to-Moderate Income] program, shall constitute good cause for the award of a stay under this subsection for a period concluding upon the earlier of:

(1) the conclusion of one year following issuance of a certificate of occupancy for recovery and rebuilding program work; or

(2) July 1, 2019.

[N.J.S.A. 52:15D-13 (Emphasis added).]

Relatedly, N.J.S.A. 52:15D-4 states the following:

"Sandy-impacted homeowner" means a homeowner for whom one or both of the following are true:

(1) the homeowner received rental assistance from the Federal Emergency Management Agency as a result of damage to his or her primary residence due to Superstorm Sandy; or

(2) the homeowner has been approved for assistance through the [Reconstruction, Rehabilitation, Elevation and Mitigation (RREM)] or [Low-to-Moderate Income and the program for which policies and

A-1497-17T2 4 procedures have been adopted by the Department of Community Affairs (LMI)] program.

[N.J.S.A. 52:13D-4.]

It also defines "forbearance" as "a period of time during which obligations for

mortgage and interest payments are suspended." Ibid.

After considering the statute, Judge Donald A. Kessler determined that,

although defendant was entitled to the "forbearance" provided for under

subsection (a), he was not eligible for a stay under subsection (d) because

plaintiff filed its foreclosure action after the date for eligibility stated in the

statute. Judge Kessler then considered defendant's application for a stay under

the traditional analysis stated in Crowe3 and denied his application.

On appeal, defendant argues that he was entitled to a stay of a scheduled

sheriff's sale because he qualified for a "forbearance" under subsection (a). He

contends that Judge Kessler should not have applied Crowe to his application,

improperly considered defendant's motion under subsection (d) of the statute,

and failed to give effect to the forbearance to which defendant was entitled by

failing to stay the foreclosure proceedings. Defendant relies upon the statute's

3 Crowe v. De Gioia, 90 N.J. 126, 132-35 (1982). A-1497-17T2 5 legislative history, which he argues supports his entitlement to a stay of the

foreclosure action. We disagree.

The facts leading to defendant's application for a stay are generally not in

dispute and are summarized as follows. After plaintiff instituted this action in

January 2016, and defendant filed a contesting answer. The trial court entered

summary judgment in favor of plaintiff and on May 10, 2017, it entered a final

judgment of foreclosure against defendant in the amount of $2,371,409.05. The

court then scheduled a sheriff's sale and defendant filed a motion for a stay under

the statute. Defendant specifically requested the court to "stay the foreclosure

sale until the conclusion of one year following issuance of a certificate of

occupancy for recovery and rebuilding work, or July 1, 2019, whichever shall

first occur."

In support of his motion, defendant filed a certification in which he

explained the problems he and his wife had that led to the foreclosure, the details

of their pursuit for assistance through government sponsored relief programs for

victims of Superstorm Sandy, and the basis for his entitlement for a stay under

the statute. According to defendant, in 2011 he and his wife borrowed

$2,030,000 from plaintiff's predecessor to refinance their family home in Short

Hills. Their mortgage note required that they make monthly payments of

A-1497-17T2 6 $7,823.96 beginning on April 1, 2011. The couple made those payments through

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M&T BANK, ETC. VS. DANIEL B. GRAVES (F-002952-16, ESSEX COUNTY AND STATEWIDE), Counsel Stack Legal Research, https://law.counselstack.com/opinion/mt-bank-etc-vs-daniel-b-graves-f-002952-16-essex-county-and-njsuperctappdiv-2018.