Ohio Gravy Biscuit, Inc. as Trustee for the Woodhaven Drive 1401 Land Trust v. NRZ Pass-Through Trust X, US Bank National Association as Trustee

CourtCourt of Appeals of Texas
DecidedApril 20, 2022
Docket05-20-00881-CV
StatusPublished

This text of Ohio Gravy Biscuit, Inc. as Trustee for the Woodhaven Drive 1401 Land Trust v. NRZ Pass-Through Trust X, US Bank National Association as Trustee (Ohio Gravy Biscuit, Inc. as Trustee for the Woodhaven Drive 1401 Land Trust v. NRZ Pass-Through Trust X, US Bank National Association as Trustee) 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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Ohio Gravy Biscuit, Inc. as Trustee for the Woodhaven Drive 1401 Land Trust v. NRZ Pass-Through Trust X, US Bank National Association as Trustee, (Tex. Ct. App. 2022).

Opinion

Affirmed in part; Reversed and Remanded in part and Opinion Filed April 20, 2022

In The Court of Appeals Fifth District of Texas at Dallas No. 05-20-00881-CV

OHIO GRAVY BISCUIT, INC. AS TRUSTEE FOR THE WOODHAVEN DRIVE 1401 LAND TRUST, Appellant V. NRZ PASS-THROUGH TRUST X, US BANK NATIONAL ASSOCIATION AS TRUSTEE, Appellee

On Appeal from the 401st Judicial District Court Collin County, Texas Trial Court Cause No. 401-04848-2019

MEMORANDUM OPINION Before Justices Myers, Molberg, and Garcia Opinion by Justice Myers This is an appeal from a summary judgment granted in favor of appellee NRZ

Pass-Through Trust X, U.S. Bank, National Association as Trustee. Appellant Ohio

Gravy Biscuit, Inc., as trustee for the Woodhaven Drive 1401 Land Trust, argues the

trial court erred in granting summary judgment. We affirm in part and reverse and

remand in part.

BACKGROUND AND PROCEDURAL HISTORY

On December 9, 2002, Daniel Budd and Diana Budd (the Budds) acquired an

interest in property at 1401 Woodhaven Drive, McKinney, Texas 75070 (the property) via a “Warranty Deed with Vendor’s Lien.” On April 4, 2007, they

executed a “Texas Home Equity Note” (the note) in favor of Countrywide Home

Loans, Inc., in the original principal sum of $400,000, and they executed a “Texas

Home Equity Security Instrument” encumbering the property (the deed of trust) as

security for payment of the note (collectively, the loan agreement). The deed of trust

was recorded in the Collin County public records on April 11, 2007.

Appellee “NRZ Pass-Through Trust X, U.S. Bank Nation Association as

Trustee” is the beneficiary of the deed of trust pursuant to a chain of assignments.

On September 20, 2012, Countrywide, through its nominee Mortgage Electronic

Registration Systems, Inc. (MERS), assigned the deed of trust to Bank of America,

N.A., successor by merger with “BAC Home Loans Servicing, LP f/k/a Countrywide

Home Loans Servicing, LP.” The assignment was recorded in the Collin County

public records four days later, on September 24, 2012. On May 3, 2016, Bank of

America assigned the deed of trust to “Citibank, N.A., Not in its Individual Capacity,

but solely as Trustee of NRZ Pass-Through Trust, VI” (Citibank). This assignment

was recorded in the Collin County public records on May 12, 2016. On April 6,

2018, Citibank assigned the deed of trust to NRZ, and this assignment was recorded

in the Collin County public records on April 23, 2018.

The property was also subject to a homeowner’s association (HOA)

declaration of covenants, conditions, and restrictions—more precisely, the “Second

Amended and Restated Master Declaration of Covenants, Conditions and

–2– Restrictions for Stonebridge Ranch” (the HOA declaration). The declaration created

an assessment lien securing the Budds’ obligation to pay their HOA dues to the

association.

It is undisputed that the Budds failed to make their contractually scheduled

monthly payments. NRZ, or its predecessors, began foreclosure proceedings on the

property on December 30, 2013, when Bank of America filed the first rule 736

application for foreclosure under cause 429-05154-2013.1 A second rule 736

application was filed by Bank of America on June 15, 2015, under cause 219-02390-

2015. Both applications included a notice of default to the Budds dated December

13, 2012, informing them the loan was “in serious default” because the required

monthly payments had not been made. On June 16, 2014, however, the previous

accelerations were rescinded by Bank of America, and yet another rescission of

acceleration was tendered by NRZ on May 3, 2019.

The Budds also failed to pay their dues to the HOA, and it foreclosed on its

lien on January 5, 2016. Woodhaven Drive 1401 Land Trust (Woodhaven)

purchased the property at the HOA foreclosure sale for $12,000. On January 12,

2016, a substitute trustee’s deed was recorded in the Collin County public records.

1 Section 21 of the deed of trust authorized the lender to accelerate the debt in the event of default and to “invoke the power of sale” if the default was not cured. Section 22 provided the terms governing a foreclosure sale of the property by the trustee. Under section 22, “Borrower authorize[d] Trustee to sell the Property to the highest bidder for cash in one or more parcels and in any order Trustee determines,” and required the trustee to deliver a trustee’s deed to the purchaser of the Property.

–3– On June 14, 2016, NRZ’s predecessor in interest, Bank of America, N.A.

(Bank of America), filed suit against Woodhaven in a Collin County district court

(cause 416-02540-2016) seeking to quiet title to the property and for a declaratory

judgment to establish that its deed of trust was valid; that it was superior to the HOA

assessment lien; and that Bank of America held clear title to the property (the 2016

lawsuit). In 2017, Citibank substituted in as plaintiff for Bank of America.

On September 8, 2017, the trial court granted summary judgment, including

declaratory relief, in Citibank’s favor. Woodhaven appealed the summary judgment,

and on December 19, 2018, we affirmed the trial court’s judgment. See Woodhaven

Dr. 1401 Land Trust v. Citibank, N.A., No. 05-17-01393-CV, 2018 WL 6629586

(Tex. App.—Dallas Dec. 19, 2018, no pet.) (mem. op.) (affirming trial court’s

summary judgment and declaratory judgment in favor of Citibank).

On March 11, 2019, NRZ filed a notice of substitute trustee’s sale, and the

property was scheduled for an April 2, 2019, foreclosure sale. However, on March

21, 2019, appellant Ohio Gravy Biscuit, Inc. (OGB), as trustee for the Woodhaven

Drive 1401 Land Trust, filed suit against NRZ in a Collin County district court

seeking to stop the foreclosure, alleging suit to quiet title (the March 2019 suit). The

petition alleged that more than four years had passed since the acceleration of the

note and that the deed of trust had terminated. The foreclosure sale was cancelled,

and foreclosure delayed, because of a temporary restraining order (TRO) obtained

by OGB and signed by the trial court on March 27, 2019. The TRO indicates its

–4– basis was that the exercise of the powers of sale under the deed of trust had

terminated, based on the (alleged) expiration of the statute of limitations.

New notices of default were mailed to the Budds on June 19, 2019. They

failed to cure the default, and as of May 14, 2020, the loan agreement payoff was

approximately $703,779.31, which continues to accrue interest at a per diem rate of

$65.04.2 NRZ has been paying property taxes on the property and has been paying

and maintaining insurance for the property.

On August 28, 2019, NRZ filed the instant original petition against the Budds

and OGB in the 401st district court of Collin County seeking (among other relief) a

home equity judicial foreclosure and asserting claims against OGB for tortious

interference with contract, quantum meruit, and money had and received. OGB filed

its answer and request for disclosure on September 30, 2019. On June 11, 2020,

NRZ filed a combined motion for summary judgment as to OGB and motion for

default judgment as to the Budds. On June 29, OGB filed a counter-petition

asserting a quiet title claim. OGB filed its summary judgment response on July 6,

2020. NRZ filed a reply to the response three days later, on July 9, and the trial court

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Ohio Gravy Biscuit, Inc. as Trustee for the Woodhaven Drive 1401 Land Trust v. NRZ Pass-Through Trust X, US Bank National Association as Trustee, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ohio-gravy-biscuit-inc-as-trustee-for-the-woodhaven-drive-1401-land-trust-texapp-2022.