M&T Bank v. Varoujan Khorozian

CourtNew Jersey Superior Court Appellate Division
DecidedMay 10, 2024
DocketA-2469-21/A-2766-21
StatusUnpublished

This text of M&T Bank v. Varoujan Khorozian (M&T Bank v. Varoujan Khorozian) 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.

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M&T Bank v. Varoujan Khorozian, (N.J. Ct. App. 2024).

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NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ."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-2469-21 A-2766-21

M&T BANK,

Plaintiff-Respondent,

v.

VAROUJAN KHOROZIAN,

Defendant-Appellant,

and

ANGELA KHOROZIAN,

Defendant-Respondent,

STATE OF NEW JERSEY,

Defendant. ______________________________

v. VAROUJAN KHOROZIAN,

Defendant. _______________________________

Submitted April 9, 2024 – Decided May 10, 2024

Before Judges Sumners and Torregrossa-O’Connor.

On appeal from the Superior Court of New Jersey, Chancery Division, Bergen County, Docket No. F-006389-19.

Asatrian Law Group, LLC, attorneys for appellant in A- 2469-21 and respondent in A-2766-21 Varoujan Khorozian (Vartan Asatrian, of counsel and on the briefs; Jeffrey Zajac, on the briefs).

Jay Kanetkar, Esq., LLC, attorney for appellant in A- 2766-21 and respondent in A-2469-21 Angela Khorozian (Jayat Pramod Kanetkar, of counsel; Jeffrey Zajac, on the brief).

Parker McCay PA, attorneys for respondent M&T Bank (Eugene R. Mariano, on the brief).

A-2469-21 2 PER CURIAM

In these separate but related residential foreclosure appeals which we

consolidate to issue a single opinion, Angela Khorozian and Varoujan

Khorozian1 challenge the Chancery court's March 18, 2022 order denying

reconsideration of its November 8, 2021 order denying Angela's motion to

vacate default and its January 28, 2022 order denying her motion to compel

amendment of the foreclosure complaint to add her as defendant.

Plaintiff, M & T Bank, commenced foreclosure after Varoujan's default on

a loan, which Varoujan, allegedly unbeknownst to Angela, secured with a

mortgage on their home (the property) in Alpine. Central to both appeals is the

Chancery court's determination that Angela, seeking to vacate default against

her over two years after its entry, lacked good cause under Rule 4:43-3.

Specifically, the court denied the motion as an unsuccessful delay tactic, finding

Angela inexcusably failed to respond earlier despite having actual notice of the

foreclosure and default, and she nevertheless held no interest in the property,

having relinquished both ownership and possessory rights decades earlier when

Varoujan simultaneously purchased the property as sole owner.

1 For clarity, we reference the Khorozians by their first names. A-2469-21 3 After careful review of the record and the Chancery court's trio of

decisions repeatedly exploring and rejecting the claims raised here, we discern

no abuse of discretion and affirm.

I.

A. The Deeds and The Loan

We glean the following facts and procedural history from the record.

Angela and Varoujan were married in 1980 and currently reside in the property,

purchased by Varoujan in 1998. Varoujan acquired the property solely in his

name because Angela admittedly "had recently filed a bankruptcy to address a

large business loss, and [they] could not get financing for the purchase."

Consequently, the deed, dated January 14, 1998, and recorded on January 28,

1998 (Deed I), lists Varoujan as sole owner.

A second deed (Deed II), labelled a "quitclaim deed" and

contemporaneously executed on January 14, 1998 and filed on January 28, 1998,

on its face memorializes Angela's intent to irrevocably "release," "assign,"

"extinguish," and "alienate" her present and future rights and claims to the

property to Varoujan. Deed II specifically states that Angela, as "Grantor,"

"grants and conveys (transfers ownership of) the property . . . to the Grantee,"

designated as Varoujan. Deed II bears the Grantor's signature and declares:

A-2469-21 4 "In accordance with N.J.S.A. 37:2-18 etc. and the amendment and supplements thereto it is specifically intended hereby to release and assign irrevocably to the party of the second part herein [, Varoujan,] any vested, inchoate or possible future estate of (dower or curtesy, as applicable) arising by virtue of statute, court decision, public policy or implication of law out of the marital relationship of the parties hereto and to equitable distribution under N.J.S.A. 2A:34-23. It is also the intention of the Grantor herein to release, extinguish and alienate any right of possession the Grantor may have pursuant to N.J.S.A. 3B:28-3."

Ten years later, to fund a business opportunity, Varoujan executed a

$2,800,000 promissory note in favor of plaintiff's predecessor, Hudson City

Savings Bank, secured by a mortgage on the property. Only Varoujan signed

the note and mortgage, and the Khorozians claim Angela knew nothing of the

loan at the time. Varoujan defaulted on payment in late 2018, and plaintiff

accelerated the loan, demanding the remaining principal and unpaid interest.

After mailing to Varoujan the notice of intent to accelerate and foreclose,

plaintiff, on April 3, 2019, filed the present foreclosure complaint.

B. Early Foreclosure Proceedings

Plaintiff captioned the foreclosure complaint: "M & T Bank v. Varoujan

Khorozian; Mrs. Varoujan Khorozian, His Wife; State of New Jersey" and the

case information statement designated Mrs. Varoujan Khorozian as a "fictitious

party." After four unsuccessful attempts to serve Mrs. Varoujan Khorozian

A-2469-21 5 personally at the residence, plaintiff effectuated service via certified mail to the

post office box mailing address for the property. A lis pendens was recorded on

March 23, 2019.

Varoujan filed a contesting answer on June 24, 2019, making no reference

to Angela or her alleged spousal interest in the property. On July 19, 2019, the

court granted default against "Mrs. Varoujan Khorozian," as no answer or

pleading had been filed. After plaintiff moved for summary judgment against

Varoujan in October 2019, Varoujan cross-moved to compel discovery, opposed

plaintiff's summary judgment motion, and moved to dismiss, again apparently

with no mention of Angela or her potential interest. 2 On December 31, 2019,

the court granted plaintiff's motion for summary judgment and denied Varoujan's

cross-motions.

Varoujan filed but withdrew a motion for reconsideration, instead entering

into three consecutive consent orders between March 2020 and March 2021, in

which plaintiff voluntarily stayed application for final judgment giving Varoujan

the ability to sell the property. In exchange, Varoujan expressly waived his right

to appeal any final judgment entered by the trial court. Varoujan never sold the

2 It appears the only mention of Angela Khorozian in Varoujan's filings was a demand to produce "any and all notices made to Angela Khorozian, the wife and proof of service of the foreclosure on Angela Khorozian." A-2469-21 6 property or satisfied the obligation, nor did he raise or invoke Angela's alleged

interest to oppose foreclosure. By late 2021, the extensions expired, and

foreclosure proceeded toward final judgment.

C. Angela's Motions

Around that same time in October of 2021, Angela, for the first time,

moved to vacate the 2019 default. She acknowledged the deliberate strategy

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