Ohio Bar Liab. Ins. Co. v. CCF Dev., L.L.C.

2018 Ohio 3988
CourtOhio Court of Appeals
DecidedOctober 1, 2018
DocketCA2017-12-170, CA2017-12-175
StatusPublished
Cited by4 cases

This text of 2018 Ohio 3988 (Ohio Bar Liab. Ins. Co. v. CCF Dev., L.L.C.) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ohio Bar Liab. Ins. Co. v. CCF Dev., L.L.C., 2018 Ohio 3988 (Ohio Ct. App. 2018).

Opinion

[Cite as Ohio Bar Liab. Ins. Co. v. CCF Dev., L.L.C., 2018-Ohio-3988.]

IN THE COURT OF APPEALS

TWELFTH APPELLATE DISTRICT OF OHIO

BUTLER COUNTY

OHIO BAR LIABILITY INSURANCE : COMPANY, SUCCESSOR-IN-INTEREST TO JANICE I. NIEMEYER, EXECUTOR : CASE NOS. CA2017-12-170 OF THE ESTATE OF RUTH Z. FERRELL, CA2017-12-175 DECEASED, et al. : OPINION Plaintiffs-Appellants, : 10/1/2018

- vs - :

CCF DEVELOPMENT, LLC, et al., :

Defendants-Appellees. :

CIVIL APPEAL FROM BUTLER COUNTY COURT OF COMMON PLEAS Case No. CV2009-06-2578

McGowan & Jacobs, LLC, Jack C. McGowan, 246 High Street, Hamilton, Ohio 45011, for plaintiff-appellant, Ohio Bar Liability Ins. Co.

Daniel J. Picard, 110 Old Street, Monroe, Ohio 45050, for plaintiffs-appellants, Janice I. Niemeyer and Robert Ferrell

McNamee & McNamee, PLL, Michael P. McNamee, Cynthia P. McNamee, Gregory B. O'Connor, 2625 Commons Blvd., Beavercreek, Ohio 45431, for defendants-appellees, CCF Development, LLC, Liberty Falls LLC, and Liberty Falls of Ohio, LLC

RINGLAND, J.

{¶ 1} This is an appeal from a bench trial in the Butler County Court of Common

Pleas. For the reasons detailed below, we affirm.

{¶ 2} Janice Niemeyer, as executor for the estate of Ruth Ferrell, filed a declaratory Butler CA2017-12-170 CA2017-12-175

judgment action against CCF Development, LLC ("CCF"), Todd Crawford, David

Chrestensen, and Liberty Falls of Ohio, LLC ("LFO").1 We have condensed the operative

facts below.

{¶ 3} At the center of this case is a real estate transaction. Ruth and her son Robert

Ferrell ("Ferrell") owned approximately 3.4 acres of real estate in Butler County ("Property").

Ruth passed away in 2004 and Janice Niemeyer eventually was named executor of Ruth's

estate.

{¶ 4} In 2006, Todd Crawford and David Chrestensen approached Ferrell regarding a

potential purchase of the Property. The parties reached an agreement where Crawford,

Chrestensen, and Ferrell would form an LLC ("LLC-1"), in which Crawford and Chrestensen

would each hold a 45 percent interest and Ferrell would hold a 10 percent interest. In theory,

LLC-1 would purchase the Property from Ferrell and the Estate for $1,200,000. The next

phase of the plan included the formation of a second LLC ("LLC-2"), which would develop the

Property and sell it for a profit. LLC-1 was later named CCF and LLC-2 was named Liberty

Falls, LLC.

{¶ 5} CCF ultimately purchased the Property for $1,200,000. To facilitate the

exchange, CCF executed a mortgage and note to be paid to the Estate. Shortly after

executing the note and mortgage, the Estate assigned both instruments to Ferrell and

Niemeyer. The mortgage was recorded in the Mortgage Records of Butler County, Ohio at

Book 7782, Page 1194. In addition, the assignment was recorded in the same office at Book

7782, Page 1197.

{¶ 6} In 2007, Jerry Vaughn, owner and sole member of LFO inquired about

purchasing the Property. At this point, the Property had been improved by a parking lot and

some lighting, but did not yet contain any structural buildings. Crawford and Vaughn

1. Crawford and Chrestensen both filed for bankruptcy, which stayed litigation for a period of time. -2- Butler CA2017-12-170 CA2017-12-175

eventually agreed upon a $2,000,000 purchase price for the Property, consisting of

$1,200,000 for the land and $800,000 for the improvements.

{¶ 7} On October 30, 2007, because CCF had found a buyer for the Property,

Crawford, Chrestensen, and Ferrell assigned their interests in CCF to Liberty Falls.2

{¶ 8} On November 6, 2007, CCF transferred its interest in the Property to Liberty

Falls via general warranty deed.

{¶ 9} On December 7, 2007, Niemeyer and Ferrell signed a document titled

"RELEASE OF MORTGAGE." Whether this document effectively released the mortgage

encumbrance on the Property is a central dispute in this litigation.

{¶ 10} Ferrell and Niemeyer denied that they intended to release the mortgage, but

instead allege that they signed the release in order to get the "overall plan" of the real estate

development completed. The release was prepared by real estate attorney and title agent,

Peter Hoshor. The release was atypical for several reasons. First, the release listed Liberty

Falls as the mortgagor, as opposed to CCF. In addition, the release contained a legal

description for an access easement, as opposed to the actual legal description of the

Property. Nevertheless, the release recorded at Book 7973, Page 1612 correctly identified

the recording information for the mortgage and note originally granted to the Estate, as well

as the correct recording information for the subsequent assignment to Ferrell and Niemeyer.

In particular, paragraph five of the note, which was included in both the mortgage and release

correctly identifies the parcel number for the Property. The release also contained express

language that the release "does hereby release and cancel that certain Mortgage" and stated

that the note had been "fully paid and satisfied."

{¶ 11} On December 17, 2007, LFO completed the purchase of the Property and

2. Though LFO and Liberty Falls share a similar name, the two companies are unrelated.

-3- Butler CA2017-12-170 CA2017-12-175

Liberty Falls executed a general warranty deed to LFO. The title search did not reveal an

outstanding mortgage on the Property, consistent with the release that had been signed ten

days prior.

{¶ 12} Subsequently, it was discovered that Ruth had an additional heir at the time of

her death, thereby effecting the appropriate administration of her estate. As a result, on

March 17, 2009, Niemeyer and Ferrell assigned any remaining interest in the note and

mortgage back to the Estate, but retained the right to collect any scheduled payments due

between August 2006 and January 2009. The assignment correctly identified the note and

mortgage as contained in the book of records and also correctly identified the release by its

recording information.

{¶ 13} In August 2009, Ferrell, Niemeyer, and the Estate entered into a settlement

agreement and assigned the note and mortgage to the Ohio Bar Liability Insurance Company

("OBLIC"). The assignment of interest identifies the release and states "[n]o representation

is made concerning the validity or legal effect of said [r]elease."

{¶ 14} Turning to the present declaratory judgment action, OBLIC alleges that the

mortgage release was defective and legally insufficient to release the entire interest

encumbered by the mortgage. OBLIC requests an order declaring that the mortgage release

was void and of no legal effect. OBLIC was substituted as the plaintiff in this action.

{¶ 15} This matter was tried before a magistrate. The magistrate issued a decision

concluding that the release properly terminated the mortgage on the Property and also found

that LFO was a bona fide purchaser for the value of the Property and took title free and clear

of the mortgage. Therefore, the magistrate denied the request for declaratory judgment.

{¶ 16} Thereafter, the trial court adopted the magistrate's findings of fact and

conclusions of law. The entry specified that the mortgage release at issue operated to

terminate the mortgage on the Property. Additionally, LFO was a bona fide purchaser for

-4- Butler CA2017-12-170 CA2017-12-175

value and took title to the Property free and clear of the mortgage.

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2018 Ohio 3988, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ohio-bar-liab-ins-co-v-ccf-dev-llc-ohioctapp-2018.